Payroll fraud and its prevention should be a significant concern for organizations because a single instance of fraud can average up to $70,000 and are often over three years. Additionally, small businesses are about twice as likely to experience payroll fraud as companies with more than 100 employees.
Do you view your job as scientific? Many human resources professionals often see their roles as administrative, tedious, maybe even strategic… but rarely scientific. Human Resources and payroll are often perceived as straightforward and maybe even rigid, but can we really be taken over by the rise of technology solutions? More and more, artificial intelligence is positioning to take over HR jobs. So, what can you as an HR or payroll professional do to stay in front of the next systems upgrade?