As long as the late employee is good and has a "give and take" attitude, I see no problem with it. If any of my employees (I have 3, all of whom are considerate of my schedule) are late or take an extended lunch break, etc., the time is always made up. There are always days we don't get back to the shop at exactly 4:30....4:40 or 4:45 is common. If they were late arriving they get their normal pay...if they were on time, that time gets put in the "time bank". It always balances out.
