Take a proactive approach to maintaining the integrity of your payroll data
No matter what size your business is, if you have employees, you already know that costs attached to these employees can encompass around 50% of your business expenses. You will also know that you the smallest error related to payment of your employees’ salaries could have devastating repercussions for your business and your relationship with your employees.
How to prevent it Payroll Fraud
Employers can take several steps to short-circuit payroll fraud:
Employ a certified payroll practitioner and if fraud is suspected then request a Payroll Audit
The days when payroll was a ‘fallen into’ career, one which was discovered as someone worked their way up the ranks, are rapidly disappearing.