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Posts Tagged ‘record keeping’

Managing fraud risk

Wednesday, January 4th, 2012

Reducing the risk of fraud from both external and internal sources is something that all businesses have to consider at some time, or continually, depending on the owner’s approach and taste for living on the edge. But seriously, fraud is a serious problem that can damage or even destroy a business, particularly small and medium ones, which can’t afford the potential losses.

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Tags: anti-fraud controls, banking and treasury, embezzlement, employee fraud, employee theft, external fraud, FAPP, Finance and Accounting PolicyPro, fraud prevention, fraud risk, indemnification, internal fraud, Jeffrey Sherman, purchasing, record keeping, revenue, risk, risk management
Posted in Employee Relations, Finance and Accounting, Human Resources, Internal Controls, Payroll | Make a Comment »

Automated human resources management – is it time?

Monday, April 25th, 2011

One software industry analyst has been watching the human resources management system market for some time and has discerned some trends. With the economy recovering from recession, organizations are focusing on core HR concerns, such as strategic hiring and productivity. As a result, they’ll invest in technologies that help in these areas, particularly if they “offer an immediate return on investment or meet some compelling management or regulatory need”.

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Tags: HR metrics, HR technology, HRIS, HRMS, human resources management, human resources management system, market trends, productivity, record keeping, software, strategy
Posted in HR Analytics, HRMS, Human Resources, Internal Controls | Make a Comment »

The dreaded office lottery pool? Well sometimes!

Monday, January 10th, 2011

Nineteen Toronto co-workers who won Friday’s $50-million Lotto Max jackpot have learned how quickly an office lottery pool can become a nightmare. The group of winners cannot claim their winnings until the Ontario Lottery and Gaming Corp. has finished its investigation after other co-workers stepped forward to say they deserve part of the payout.

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Tags: document office lottery pools, documentation, employment law, lottery pool agreement, office lottery pool, record keeping, workplace conflicts, written agreements
Posted in Human Resources | 1 Comment »

Failing to use performance and salary reviews properly

Thursday, January 6th, 2011

In order to be in a position to dismiss an employee for cause, it is critical that the employer have appropriate documentation. However, many managers and supervisors unwittingly place their employers in a weakened legal position by failing to use performance and salary reviews properly.

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Tags: annual review, canadian employment law, dismiss an employee for cause, document recording and retention obligations, documentation, Employee performance, employment law, just cause, performance reviews, record keeping, salary reviews, summary dismissal, terminations
Posted in Compensation, Employment Standards, Human Resources, Payroll | Make a Comment »

Does your company use a human resources management system?

Thursday, September 2nd, 2010

Human resources management systems (also known as human resources information systems) exist “at the intersection between human resource management and information technology.” Usually, this means taking previously disparate HR information and automatically integrating it in such a way that users can gain a clearer picture of what is happening in the company—in a more efficient way than if HR had to gather all of the information from its various sources, and analyze it manually.

This diverse information includes payroll, work hours and overtime, benefits administration, recruiting and development, training and learning, performance records and more. You’ve probably already automated one or more of these services, either internally or via an external service provider; companies commonly outsource payroll and benefits functions, for example. But even so, can you imagine what you could do if all of those functions were integrated and all of that information could be compared with little effort? That’s the promise of human resources management systems.

Read the whole story on HRinfodesk.com.

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Tags: automation, business intelligence, HR metrics, HRIS, HRMS, Human Resources Information System, human resources management, human resources management system, information management, information technology, IT, IT controls, record keeping, tracking employee absences
Posted in HR Analytics, HRMS, Human Resources, Internal Controls | Make a Comment »

Employers must create and preserve documents in case of a lawsuit

Wednesday, August 11th, 2010

Employers generally win employment law cases when they can provide the courts with a paper trail of evidence in support of their employment related decisions such as termination, disciplinary actions or inability to accommodate the needs of employees, among other things.

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Tags: altering, concealing, deleting or destroying relevant hard-copy or electronic information, disciplinary actions, document recording and retention obligations, document retention policies, documentation, employment law, evidence, human resources management system, inability to accommodate the needs of employees, metadata, preservation and disclosure of electronic and other documents, record keeping, spoliation, termination, wrongful dismissal, wrongful dismissal claim
Posted in Employment Standards, HRMS, Human Resources, Internal Controls | Make a Comment »

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