Stealing Notebooks vs. Stealing Working Hours. What’s More Expensive?
Every employee knows if stealing a notebook from the employer is a crime that can be traced and the stealer might end-up having troubles with the law (this is apart from losing the job).
What about other types of stealing? The stealing when employees do not work but receive the money for doing nothing, in other words, stealing working time. This type of stealing is not as obvious and many employees believe it is OK because it cannot be traced (and it is actually a wrong belief), there will be no issues with the law and maximum what will happen, you will lose your job.
Chatting vs. Stealing Laptops
We did some research to compare how much does it cost to employers when employees are idle, chatting, having breaks or using the working time for personal needs versus to the stealing laptops cost.
This issue latest discussions show that the most noticeable damage company receives from employees stealing laptops:
Let’s consider an example of tangible stealing from a company:
Suppose, there is an employee stealing from employer company. He was working for this company for 1 year and stole while this time:
- 7 pens;
- 3 paper packs;
- 1 laptop.
Which is $1749 in total.
So, what about stealing the employers’ working time? How much does it cost to the employer? This can be estimated using employee productivity monitoring software. And it appears to be even more harmful to the company than tangible theft.
The primary productivity stoppers are:
- Coffee and smoke brakes – 27%
- Gossiping and chatting with colleagues – 42%
- Personal calls and texting – 50%
- Digital distractions (surfing the Internet, socializing on Facebook, Twitter etc) – 39%
- noisy coworkers – 24%
One employee wastes 759 hours each year due to workplace distractions. Chatty colleagues, mobile phone notifications and the view out of the window lead to the average worker wasting 60 hours every month.
Simple math: 759 hours of waste may cost your company approximately from $11700 to $29600 for each employee.
Working Time Stealing Occurs Every Day.
The Damage is from $1.170.000 to $2.960.000 per 100 Employees per Year.
Laptops are not Being Stolen as Often.
So, if your company employs 100 employees, potential yearly waste is huge: from $1.170.000 to $2.960.000!
How to detect and estimate all these intangible wastes?
There is just one effective and proven way – to install and use Employee Monitoring software. WorkTime is the unique respectful monitoring solution which will report company’s C-level (or other tops) managers each employee productivity level and results from their everyday workflows. Many companies successfully use our software for years and proved that it saves money. A lot of money.
Our proven expertise shows that stealing laptops is just a breadcrumb comparing to stolen working time and wasted profits.
The absence of any working hours monitoring solution is the reason of stealing, both tangible and intangible. Take full control of the own business with WorkTime.