Fingerprint Timecards Sweeten the Pot for Gourmet Sweets Wholesaler:
Los Angeles-based Del Rey Nut Co. is a family-owned wholesaler of nuts,candies and gourmet gift items. Within the company’s packing plant and warehouse are four divisions – a production center, warehouse, kitchen and silkscreening department, where nearly 30 workers report, filling orders that add up to $3.5 million in annual sales revenues.
Despite its success, Owner David Karpman had concerns about high overhead costs in particular, about Del Rey’s payroll costs, which he was convinced were too high and which he attributed to a form of time theft commonly known as “buddy-punching.”
“We were paying people for time when they weren’t even at work,” says Karpman, explaining that some employees were punching timecards for co-workers who were either coming in late, leaving early, or altogether failing to show up.
While a few minutes here and there may seem like no big deal, surveys by theAmerican Payroll Association reveal otherwise. In fact, the APA concludes that the average employee steals 4.5 hours each week, which leaves businesses paying the equivalent of a six-week vacation to each employee on staff for hours they never worked.
As Karpman investigated alternatives to the conventional electronic timeclock used at Del Rey, he learned about Count Me In, a Chicago-based developer of award-winning software solutions that offered a “fingerprint timecard” to capture employee hours. The product, Timecard Monitor, claimed to ensure an accurate, real-time accounting of employee hours that could not be compromised by unethical behavior.
And accordingto Karpman, Timecard Monitor more than lived up to its promise: “This was absolutely a worthwhile investment,” says Karpman about the $400 he paid for the system. “Timecard Monitor has paid for itself many times over.”