HRO Today January/February 2018 - 36

The Benefi ts Package
$afe
and $ecure
When it comes to payroll security, decreasing risk is worth the
reward.
By Debbie Bolla
The 2017 Equifax data breach was a strong reminder to
organizations that personal information can never be too
secure. This is especially true when it comes employee
payroll data. That's why it is more important than ever
for HR to be proactively and strategically ensuring that
employee payroll data is secure.
" Payroll inherently deals with sensitive information, " says
Loren Downey, senior director of payroll operations at
Namely. " When it comes to security, don't take any risks. "
Data security is certainly on the minds of HR leaders.
In fact, a survey by Bloomberg BNA and the American
Payroll Association found that respondents from
companies with up to 100 employees reported data
security as their biggest challenge last year.
So just how can HR drive down risks? Downey
recommends that organizations regularly train HR
executives who use payroll software on any new updates
and perform regular audits of controls, checks, and
balances.
Karen Crone, CHRO of Paycor, agrees that HR should
maintain a solid ecosystem of team members that are
involved in payroll processes-and audits can make a
big difference. " Regular audits of payroll procedures
are helpful to stay on top of who has access to what
information, " she says. " This will allow HR to understand
who can process a check through a corporate bank
account, who can run payroll, and even who has access to
sensitive employee information, including social security
numbers and direct deposit accounts. "
[36]
HRO TODAY MAGAZINE
|
JANUARY/FEBRUARY 2018
Nearly
80%
of payroll contracts
are delivered on cloud
systems
Source: NelonHall
How often should HR perform an audit on payroll
practices? Leah Machado, director of HR services for
Paychex, recommends four times a year-essentially at
the end of each quarter. In addition to reviewing HR

HRO Today January/February 2018

Table of Contents for the Digital Edition of HRO Today January/February 2018

HRO Today January/February 2018 - 1
HRO Today January/February 2018 - 2
HRO Today January/February 2018 - 3
HRO Today January/February 2018 - 4
HRO Today January/February 2018 - 5
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