About This eBook
Time and attendance must do more than just collect time. Without security, payroll leakage will occur that can equal 1-3% of gross payroll costs.
“Payroll leakage is a significant source of overspending as well as lost productivity. Employers often suffer from up to 2.5% of total payroll expense being lost to leakage” Deloitte Consulting.
Providers of group home programs are particularly vulnerable to payroll leakage as the $920,000 timekeeping fraud at a large agency demonstrated.
Fortunately, there are some simple steps providers can take to minimize payroll leakage.
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