Everyone looks forward to payday, don't they? The work that they put forth every single day, for that week, will be rewarded and it's clear that everyone expects a certain amount. However, it's when the amount in question seems off that people will start to ask questions. For those who do not know, this is where payroll fraud can come into effect. It's one of the most unfortunate types of financial problems and it's one that Whistleblowers Against Fraud may draw attention to as well.
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.
You may also find direct deposit to be a striking option, as it relates to the reduction of payroll fraud. Keep in mind that many people take advantage of this feature because of how easy it is to simply have your money placed into your bank account. The idea of waiting in long lines, at the bank, does not have to apply. However, seeing as how your money is immediately transferred into your account, it's easy to see that payroll fraud stands a lesser chance of occurring here as well.
If you are truly concerned about payroll fraud becoming a problem, you should make note of how duties may broken up. For example, you may have one worker who will be responsible for the preparation of the payroll itself. However, on the other side of things, another worker may review what's been detailed. What this does is that it encourages teamwork and, by proxy, lessens the chances of payroll fraud coming to the surface later on.
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.
You may also find direct deposit to be a striking option, as it relates to the reduction of payroll fraud. Keep in mind that many people take advantage of this feature because of how easy it is to simply have your money placed into your bank account. The idea of waiting in long lines, at the bank, does not have to apply. However, seeing as how your money is immediately transferred into your account, it's easy to see that payroll fraud stands a lesser chance of occurring here as well.
If you are truly concerned about payroll fraud becoming a problem, you should make note of how duties may broken up. For example, you may have one worker who will be responsible for the preparation of the payroll itself. However, on the other side of things, another worker may review what's been detailed. What this does is that it encourages teamwork and, by proxy, lessens the chances of payroll fraud coming to the surface later on.
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