Your new Payroll clerk: James Bond?
August 19, 2008 by Carol KatarskyPosted in: Best practices, Fraud prevention, In this week's e-newsletter, Internal controls, Latest news & views
If you pay any employees on an hourly basis, it’s a given someone has tried to benefit from buddy punching or similar stunts. Now you have extra help to head off the scams.
The latest advance in payroll technology is something that used to be seen only in sci-fi movies: biometrics. The systems “read” a person’s hand (or sometimes a retinal scan) to confirm that the person punching in or out is actually who they say they are.
Requiring that physical evidence eliminates buddy punching, and can also cut down on workers who may have other tactics for inflating the records of the hours they actually worked.
Biometrics is worth taking a look at now, because recent advances in the technology are driving costs down.
Tags: Fraud prevention, Payroll, Technology
August 21st, 2008 at 10:39 am
Funny, the time clock is in front of my desk and the only idiot who tries to get away with this stuff here IS our payroll person. She always forgets to clock out then calls from home and asks someone to clock her out.
I always wonder how many hours that part-timer actually gets paid for.