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.
One of the ways that payroll fraud may prevented is through background checks. Ideally, these should be done before individuals are hired, since this will ensure that only the most reliable people are chosen. If there are individuals who have criminal histories attached to them, suffice it to say this will raise a number of red flags. In order to prevent payroll fraud, in the long term, you must be especially selective with who is brought into the company.
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.
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.
One of the ways that payroll fraud may prevented is through background checks. Ideally, these should be done before individuals are hired, since this will ensure that only the most reliable people are chosen. If there are individuals who have criminal histories attached to them, suffice it to say this will raise a number of red flags. In order to prevent payroll fraud, in the long term, you must be especially selective with who is brought into the company.
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.
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 more information regarding what you've just read, consult Whistleblowers Against Fraud.
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