Economic crime is something that does not always spring to mind when we think about human resources but the 2014 PWC Economic Crime Survey paints a disturbing picture.
The Survey identifies that 42% of South African respondents reported that they experienced some form of human resources fraud during the past 24 months. Even more disturbing is that this is almost three times the prevalence reported by global respondents to the Survey. False wage claims and fictitious employees are the most prevalent problem.
PWC’s survey highlights the fact that economic crime erodes employee
integrity, company reputation and the bottom line.
This is an important wake-up call for South African organisations and for human resource professionals who are often the custodians of payroll and who need to play a
front line role in the defence against fraud.