It’s no secret that Payroll and HR departments process and store a plethora of sensitive documents on a daily basis. From I-9s to W-4s, pay checks to performance reviews, all these documents must be stored securely, ensuring access is available only to necessary team members.
The real challenge is how do organizations keep these documents secure, yet readily available in case of an audit or Family Medical Leave Act (FMLA) case? If you file it and forget it, a surprise visit from the Department of Labor will be particularly unpleasant. If you’re tracking FMLA cases in actual hard copy files, you’re likely not providing enough security for this sensitive information.
Key Document Management Benefits
Ensure Files Are Easy to Locate with Controlled Access
Whether it’s payroll storing direct deposit forms, human resources filing an FMLA form or a manager processing disciplinary paperwork, this information is incredibly sensitive and should be carefully guarded. In most cases, the payroll processor doesn’t need to see any performance reviews or disciplinary files, and likewise, the manager doesn’t need to see an employee’s direct deposit form or I-9. The right tools use tags and categorization to make these documents easy to find and only viewable by necessary members of the organization.
TCP’s experts estimate the average cost of a single, mishandled FMLA case to be around $40,000, including fines, legal fees and other costs associated with the case. Is your organization prepared to pay that kind of a fine? FMLA laws are complex and sometimes even conflicting between state and federal protections. Do you have all the necessary documents on file for each employee? Missing or inaccurate forms can result in a $100-$1000 fine per instance. You need tools that help you monitor legal requirements and maintain the proper tracking.
Eliminate the Need for Disparate Solutions
Many organizations use a disparate system to securely store these types of files, but chances are, you need another tool like you need another HR audit. And if your organization is still storing hard copies of sensitive documents, you’re creating a security risk that’s unnecessary in this day and age. Robust, integrated workforce management solutions, like our TimeClock Plus software, can easily store, organize and secure sensitive documents within the same system you use on a daily basis.Data Security in a Zero-Trust Environment
Document Management Provides a More Holistic Workforce Management Solution
More Resources For You
For decades, unions have been experiencing declines in membership. However, many pundits think the trend is about to turn.
TCP guides you through key steps to help identify what to consider and who needs to be involved when selecting WFM software for K-12 school districts
Not having an electronic document management solution can lead to costly errors uncovered during an audit or legal action. Learn how to avoid these issues.
A recent study showed that fewer than half of employers believe their leave management programs are well managed. Learn how to better manage employee leave