American company makes $2.8m payroll blunder
- Published on Wednesday 3 December, 2014
- 2 min. to read
Ouch. It is reported that one US company has learned the hard way that Payroll management is often better off outsourced and automated. In this case the article says a manual payroll system has resulted in a single staff member being responsible for releasing the funds of all 1,400 employees – during the busiest shopping period of the year. Sadly, the sole person responsible for this transaction was out of office and failed to make backup arrangements.
For families and young people, the holiday season can be one of the most financially stressful times of the year. Many people don’t just rely on timely wages – they depend on them to make it through to the New Year and fund their Christmas activities. Something as simple as a single Payroll blunder can cause emotional angst for people living week-to-week.
If you haven’t moved your Apprentice or Trainee payroll online already, now may be the time to do it. Sometimes it can be easy to forget just how much your employees need their wages paid on time.
Registering for on-time online Payroll is simple, just click here and MEGT can manage your Apprentice and Trainee payroll each week and make automatic deposits to nominated bank accounts. And you can have a holiday with peace of mind.
Your staff will thank you.