Payday is one of the most anticipated days of the week, which goes without saying. A full week of work is finally rewarded and employees expect the money that they have earned for the work in question. When this proves to be something of a problem, though, it's possible that payroll fraud is set in place. For those who are curious as to what this entails, there are various details you'd be wise to consider with the help of Whistleblowers Against Fraud.
What payroll fraud entails, for those not in the know, is the theft of money from a company's payroll processing system. This can be done through specific processes, such as an employee punching in another employee's time card. It can also be carried out through the stating of unauthorized hours, which is another problem that Whistleblowers Against Fraud can draw attention to. If you'd like to know about potential solutions, here are just a few illustrated by authorities like WAF.
If you'd like to prevent payroll fraud, in the long term, you must be careful with who is brought in. Specifically, take into account the importance of background checks and how these can be taken up before a new hire is brought in. You will be able to see whether or not they have criminal histories attached to them as well. If this is done, you can be certain that payroll fraud will stand a much lesser chance of coming about.
Direct deposit is another option to consider, if you'd like to know. Employers should think about establishing this concept, provided they haven't done so already. There are many reasons why this should be done but one of the most important, in my view, has to do with the potential of payroll fraud being lowered tremendously. It also doesn't hurt that this method will save you time, since you won't have to go to the bank every single time you earn your check.
For those who are especially concerned about payroll fraud, maybe you'll feel comfortable breaking the duties apart somewhat. This can be done in a number of ways, whether it's someone being in charge of the payroll itself and another taking over the review aspect, or what have you. Simply put, this ends up alleviating all parties of a tremendous amount of work. In addition, you can rest easier knowing that payroll fraud stands a lesser chance of rising to the surface.
What payroll fraud entails, for those not in the know, is the theft of money from a company's payroll processing system. This can be done through specific processes, such as an employee punching in another employee's time card. It can also be carried out through the stating of unauthorized hours, which is another problem that Whistleblowers Against Fraud can draw attention to. If you'd like to know about potential solutions, here are just a few illustrated by authorities like WAF.
If you'd like to prevent payroll fraud, in the long term, you must be careful with who is brought in. Specifically, take into account the importance of background checks and how these can be taken up before a new hire is brought in. You will be able to see whether or not they have criminal histories attached to them as well. If this is done, you can be certain that payroll fraud will stand a much lesser chance of coming about.
Direct deposit is another option to consider, if you'd like to know. Employers should think about establishing this concept, provided they haven't done so already. There are many reasons why this should be done but one of the most important, in my view, has to do with the potential of payroll fraud being lowered tremendously. It also doesn't hurt that this method will save you time, since you won't have to go to the bank every single time you earn your check.
For those who are especially concerned about payroll fraud, maybe you'll feel comfortable breaking the duties apart somewhat. This can be done in a number of ways, whether it's someone being in charge of the payroll itself and another taking over the review aspect, or what have you. Simply put, this ends up alleviating all parties of a tremendous amount of work. In addition, you can rest easier knowing that payroll fraud stands a lesser chance of rising to the surface.
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If you'd care for further information regarding what you've just examined, consult Whistleblowers Against Fraud.
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