Preventing economic upheaval from damaging employee engagement: Employee engagement is a buzz word. Everybody knows it. However, few people know that employee engagement means money. Research shows that companies in the US with engaged employees can outperform those without by up to 202% and have 6% higher net profit margins. And although such South African statistics are lacking, they are sure to look very similar. Unfortunately, the same research shows that only 29% of the American workforce … [Read more...] about Preventing economic upheaval from damaging employee engagement
preventing
Preventing payroll identity fraud
Preventing payroll identity fraud: Nicolette Nicholson, Director, South African Payroll Association Payroll identity fraud is a reality in South Africa. Provincial departments, municipalities and the Department of Education are just a few of the examples where millions has been lost to ghost employees and other fraudulent payroll activities. Often, the payroll department is the last line of defence against fraud. “An alert payroll administrator can save their company thousands or even millions … [Read more...] about Preventing payroll identity fraud
Top tips for preventing payroll fraud
Top tips for preventing payroll fraud: Photo: pixabay.com The Association of Certified Fraud Examiners says that payroll fraud is the No. 1 source of accounting fraud and employee threat globally. It affects 27% of all businesses and lasts, on average, 36 months. South African statistics are scarce, mostly because payroll fraud is under-reported by companies jealous of their reputations. A rare public case was the arrest in 2014 of two Eskom employees for tampering with the corporation’s payroll … [Read more...] about Top tips for preventing payroll fraud
