Mind Your Money
Get a handle on expense reports.
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Companies have employee monitoring on their radar: A fall 2006 Society for Human Resources Management survey of 442 corporate HR professionals revealed that 46 percent had increased employee monitoring in the past 12 months or planned to do so.
Perhaps more surprising, however, is that 41 percent of these HR professionals have increased auditing of employee expense forms in the past year. Employers are stepping up their auditing for a variety of reasons: Sarbanes-Oxley has mandated stricter controls, companies are trying to keep their costs in line, and there's the prospect of public shame and criticism from investors over egregious employee spending.
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