If you’re a salaried employee, being a little late every day won’t have an effect on how much you get paid (unless you’re fired for it), but if you’re paid by the hour, those late clock-ins can add up to a lot more than you might think.Photo by filtran
Jake, writing for his blog Debt Sucks, decided to take a look at how much his daily tardiness was costing him:
I went ahead and added everything up, and I’ve been late 203 minutes so far this year (with early clock-ins counting as credit). That amounts to $US36 in lost wages, which certainly doesn’t sound like much, but when you stretch that 5.64 minutes per day out over a year, it adds up to $US262. If your boss told you he’d pay you $US250 to show up to work right on time every day for a year, wouldn’t you jump on it?
It can be easy to let those minutes slip, thinking they make no difference, but if you’re constantly clocking in late it might have a real effect on the amount of money you’re making. Of course, five minutes each day may not really amount to anything at all, but since many companies round to the nearest 15 minutes you may be losing out on a good chunk of your paycheck each year.
(Plus being late is annoying and wastes other people’s time, so being on time is a good thing all by itself.)
The Cost of Tardiness [Debt Sucks]