Payroll is a repetitive, data intensive, complicated and just not a lot of fun.
Owners and managers tend to delegate as much of the task as possible and let someone else take care of payroll.
Owners and managers tend to, if anything, review totals and check on payroll taxes. Some do not do that on a regular basis.
There are a number of ways people can steal during the payroll function. Some in-depth reviews, at least occasionally, may deter theft.
SUBSTACK POST
https://tomealey.substack.com/publish/post/151289135
It can't happen here.
Theft and embezzlement cannot happen here.
I (CEO) know this because ________________________.
It CAN happen here.
Following on the blog will be a series on preventing embezzlement.
Your business office receives an email with a request for E-payment, and links are provided.
The name and amount look legitimate (either a regular vendor or for goods/services you would normally use).
So Accounts Payable personnel pay the invoice, and you have now lost $xxxxx to scammers.
Check, recheck and double check. Use the old fashioned telephone if necessary. Do document matching.
The federal Equal Employment Opportunity Commission has published a comprehensive guideline paper on harassment issues in the workplace.
https://www.eeoc.gov/laws/guidance/enforcement-guidance-harassment-workplace
Our commentary to follow.
What the most complex regulatory issues faced by small business?
Employment regulations.
Federal and state employment regulations. And in a some cases city regulations.
Your business lawyer and your public accountant (CPA/EA) can provide some information and support, also your local business chamber or association.
We will follow with a series on employment regulations.
Of late we are seeing layoffs and downsizing in several sectors of the economy.
This is not a recession, the overall job market is still doing well (and we hope it stays that way).
Mass layoffs are sometimes necessary, although we wonder why situations deteriorate to this point. Not all of the layoffs are in floundering companies.
Does anyone considering the longer term impacts on morale and retention? Does not seem so.
Will employees be as loyal? Maybe not.
