#cxo problems

Time sheets of the working hours/days of a remote employee are always updated manually, which may lead to errors in counting exact working hours. These errors can prove costly and it always a part of the financial transaction. Without time integration with the payroll can prove expensive for the organization.

Payroll should integrate with exact time and attendance system of the organization which accounts accurate billable hour to monitor accuracy in the pay.

read complete blog on https://getspot.in/2017/06/01/noticeable-problems-fieldcontract-employees-costly-consequences/

Employees who accept the pay from their employees for the time they have not worked is referred as time theft. According to studies made by the American Payroll Association (APA), 75 percent of businesses are affected by what is known as “time theft.” This happens when an employee’s work hours are illegitimately clocked and is paid for such records also lot of false claims would take place.

Below research statistics by American Payroll Association(APA) show time lost in the time-theft. It’s staggering high rate. This would result in accountability for non-working hours and paying the money for the same which is a big loss to the organization, when they have almost 43% time-theft from on-field employees.

To read Complete blog Visit https://getspot.in/2017/06/01/noticeable-problems-fieldcontract-employees-costly-consequences/