As hiring for the new academic year begins, payroll liaisons should proactively check for HCM data mismatches that can affect payroll funding for new hires.
Current pay card holders may still use their cards and deposits will continue. New employees must sign up for direct deposit or they will be mailed a paper check.
Payroll professionals can take steps to stop or prevent overpayments by monitoring the payroll register and acting quickly to stop or pull the affected paycheck.
There are a few best practices to keep in mind while creating a Payroll Expense Transfer (PET) to ensure correct accounting, a smooth fiscal year-end and collaboration between departments.
