Selecting a quality payroll provider is one of the most important decisions a business owner will make. There are multiple ways to go about it: You can thumb through the phone book; search online; get a recommendation from your accountant; or pick a payroll company at random and hope for the best.
It’s one of the oldest tricks in the book: An employee gets to work late, wants to clock out early or is a total no-show and recruits a co-worker to punch in or out for him or for her. It’s a sneaky way to get paid for work not done and solicit a co-conspirator to help make it happen — all while employers are left holding the bag. “Buddy punching,” as the practice is known, costs businesses millions of dollars annually, both in wages paid for non-existent workers, and in lost productivity. Not only that; buddy punching is considered in many cases to be fraud. It’s a crime, and it’s a bona fide punishable offense.
If you’re running a business it can sometimes seem like you’ve got a revolving door at the entrance. People come and people go at all hours, and it’s virtually impossible to keep track of who’s arriving and who’s leaving, and for how long they’ve been gone. Monitoring the comings and goings of your staff could translate to a full-time job in itself!