Best Practices to Prevent Common Payroll Employment Scams

Failure to mitigate common forms of fraud can lead to costly incidents for employers, negatively affecting company trust and culture, an industry expert said July 10.

Employers who fail to mitigate payroll fraud can risk suffering monetary loss, the most visible risk due to fraud, said Susan Judah, Senior Functional Consultant at Workday. Large-scale hacks can also risk harm to company culture, creating a sense of distrust amongst employees and distrust in the company, she said. In recent years, fraud and other security risks have led to social media backlash, which can have a lasting effect on employers.

Payroll departments ...