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Exploring the Impact of Remote Work on HR Policies with PEOs

Exploring the Impact of Remote Work on HR Policies with PEOs

Why Payroll Is a Prime Target for Cyberattacks

 

The digital space is continuing to grow and evolve every day. With so much of life conducted online, it’s more important than ever to protect your personal information from vulnerability.

 

Payroll systems, however, have become a prime target for cyberattacks. They contain some of the most confidential employee information that a business manages—including Social Security Numbers, tax identification numbers, addresses, salaries, and direct deposit information. A single breach can expose hundreds of records—if not more—leading to financial fraud, identity theft, and compliance violations.

 

Cybercriminals may not even need to break into a company’s system to gain information. They may simply trick an employee into handing over credentials or clicking on a malicious link, making payroll fraud prevention crucial for any business. It’s essential for business owners, HR managers, and IT directors to know how to protect their employees and prevent data breaches.

 

Let’s dive into the types of threats facing payroll systems today, what businesses risk without proper security, and how PEOPayGo prioritizes cybersecurity in payroll services.

 

Types of Threats Facing Payroll Systems Today

 

There are many types of threats facing businesses that may not even require a hacker to gain access to their payroll system. Let’s take a look at some of the most common cybersecurity threats.

 

Phishing

 

Phishing scams occur when cybercriminals trick individuals into providing sensitive information. Many attackers will impersonate someone from the HR or IT department and send fake emails to employees to steal their login credentials.

 

Ransomware

 

Hackers may use malicious software to lock payroll systems until a ransom is paid. If the company chooses not to pay the ransom, the cybercriminals may leak the stolen data.

 

Insider Threats

 

Insider threats come from the organization itself rather than someone outside of it. Unhappy employees or contractors could misuse their access to payroll data.

 

Insecure Integrations

 

In some cases, attackers find poorly secured third-party apps connected to the payroll systems and take advantage of those vulnerabilities to get the information they want.

 

Weak Passwords

 

When employees create weak passwords or fail to use the multi-factor authentication, it makes it far easier for hackers to guess their credentials and break in.

 

What Businesses Risk Without Proper Security

 

A lack of security can have a major negative impact on a company. Here are some of the things that businesses risk when they don’t have proper security in place.

 

Financial Loss

 

Companies can face significant financial losses during an employee data breach. From incident response and legal fees to lost revenue and reputational damage, the impact of financial loss on a company can be drastic.

 

Employee Trust

When personal information is compromised, employees may lose confidence in their employer. When trust dwindles in the workplace, employees tend to walk away.

 

Operational Downtime

 

The financial loss and legal consequences that stem from compromised payroll systems could result in payroll delays and operational downtime.

 

How PEOPayGo Prioritizes Cybersecurity in Payroll Services

 

Professional employer organizations (PEOs) take on the administrative tasks of businesses like payroll, workers’ compensation, benefits administration, and risk management. Because they’re regularly handling sensitive employee information, cybersecurity is essential. Here’s how PEOPayGo prioritizes security in their payroll services.

 

End-to-End Encryption

 

This is a security method that ensures when messages are sent via their platform, only the sender and receiver can read them.

 

Multi-Factor Authentication

 

By requiring more than one form of identification, multi-factor authentication ensures only verified users can access payroll systems.

 

Regular Security Audits

 

Trusted PEOs want to make sure they’re in compliance with industry regulations and best practices. PEOPayGo undergoes third-party security audits in order to maintain that standard.

 

Role-Based Access Control

 

Ensuring permissions are granted based on user roles means a lower possibility of security threats from within the company.

 

Employee Training and Awareness

 

PEOPayGo implements training programs that help keep employees educated on how to spot phishing attacks and manage payroll securely.

 

Secure Your Payroll Data with PEOPayGo’s Trusted Protection

 

A payroll breach can be detrimental to your company. When you partner with a trusted PEO like PEOPayGo, you can rest assured that your systems are secure. If you’re ready to secure your payroll data with PEOPayGo, reach out to their team of experts today.

 

Contact us today to get the coverage and support you need!

Since the pandemic in 2020, remote work has become increasingly popular all over the world. The flexibility of working from home can be incredibly beneficial. Many employees experience increased productivity, better work-life balance, and overall greater job satisfaction. For employers, there are typically fewer overhead expenses and higher employee retention rates, making remote work a great option.

The increase in remote work, however, has had an impact on HR policies, and things continue to evolve and adapt within human resources. Let’s dive into the impact remote work has had on HR policies and how PEOs can provide solutions for managing a remote workforce effectively.


Impact of Remote Work on HR Policies

One of the major differences between in-person work and remote work is the level and means of communication within the organization. Communication encompasses so much of what happens at work—from performance management and feedback to employee engagement and collaboration. In person, this looks much different than it does while working from home.

It’s crucial that HR policies hold standards for communication in order to keep things running smoothly. Utilizing collaboration software and instant messaging to stay up-to-date with projects is essential. As an employer, it’s important to regularly schedule team meetings and performance reviews. Let your employees know that your door is always open for communication. In the same way an employee could stop by your office during the day, they should just as easily be able to get in touch with you while working from home.

Remote work has also had an impact on HR policies regarding compliance with labor laws. With more people working from home, it can be more complicated to accurately track regular hours and overtime. Additionally, each state has different laws when it comes to labor—managing remote workers entails staying up-to-date with all of them.


Challenges of Managing a Remote Workforce

While there are many benefits to hiring remote workers, managing a remote workforce can have its challenges. As an employer, providing feedback to employees is a huge part of the job. When your employees work remotely, however, you’ll often have to communicate asynchronously. This means feedback can’t always be provided in real-time, which can negatively impact performance and productivity.

Employee engagement can also be a challenge when managing a remote workforce. At the office, employees are able to gather and chat between meetings or while taking a break from work. When working remotely, those informal conversations are often missed. This may prevent employees from connecting and building strong working relationships with their coworkers.

Compliance with rules and regulations can also be a challenge when it comes to managing a remote workforce. Not only is it difficult to track time while employees are working from home, but maintaining a safe work environment is still required from employers.


The Role of PEOs in Remote Workforce Management

Professional employer organizations (PEOs) can be incredibly helpful in managing a remote workforce. PEOs step in to handle the administrative tasks of a business—like onboarding, payroll, benefits, and risk management—which can be particularly beneficial when employees are in multiple locations.

When employees are hired for an in-person role, the onboarding process is typically done on-site. For remote workers across different states and potentially different countries, having a streamlined, virtual onboarding process is essential.

With multiple state’s rules and regulations to consider, payroll can be challenging to navigate. Taxes, minimum wage, overtime pay, paid leave, and more will vary from state to state. Partnering with a PEO can alleviate the burden placed on business owners and HR managers of having to sort through and calculate everything alone.


Ensuring Compliance with Remote Work Regulations

PEOs are experts in compliance—they’ll work to ensure your business is up-to-date with all remote work regulations so nothing gets missed. From labor laws and taxes to workers’ compensation and unemployment insurance, working with a PEO means you won’t need to worry about noncompliance.


Streamline Remote Workforce Management with PEOPayGo

Managing a remote team comes with unique challenges, but with the right PEO partner, you can simplify HR operations and stay compliant with evolving regulations. PEOPayGo offers tailored solutions to help you manage your remote workforce efficiently.

Don’t wait—optimize your remote workforce today. Contact PEOPayGo to get started!

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