When i work time clock7/31/2023 ![]() ![]() Many employers do so without ever realizing that time clock rounding is a formal concept with legal ramifications.Įditor’s note: Looking for the right time and attendance systems for your business? Fill out the below questionnaire to have our vendor partners contact you about your needs. ![]() and clocks out at 4:59 p.m., you might round their start time to 9 a.m. For example, if an employee clocks in at 9:02 a.m. Time clock rounding is the rounding up or down of an employee’s hours worked. It may also be less effective in recouping lost wages than you might think. Some employers have turned to time clock rounding to counter this revenue loss, but this practice can present legal issues if it’s not done properly. ![]() According to the American Society of Employers, 20% of all employer revenue is lost to employee time theft. For example, if an employee adds five minutes of extra time to their sheet each day, you will pay them for more than 20 hours of unpaid work. While having an employee who adds a few minutes to their timesheet each day might not seem like a huge deal, it can have a big impact on your bottom line. This article is for small business owners looking to understand the ins and outs of time clock rounding.Should you choose to round time clocks, you should establish rounding policies and audit them, stay within budget and look for employees cheating your system.Time clock rounding is legally compliant if you follow certain federal labor laws.Time clock rounding can ease your payroll calculations and prevent employee time theft. ![]()
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