I’m a CFO. It took this CFO a year to catch it? BS. I check payroll before it’s sent to the bank.
What’s even wilder is that the person who was supposed to receive the salary didn’t notice it for a year, and only noticed it after her credit card was declined, which means she doesn’t even look at her credit card bills and pay them.
No way this was a "error".
At my most recent employer, payroll went through several layers of approval before processing.
One time somehow a whole lot of hourly people were paid twice on a payday.
Exactly, even easier if it’s a small number of employees
I always did too. 275 employees.
SOMEONE NEEDS A SERIOUS INDEPENDENT OLD FASHIONED BOOKKEEPER
I look at every check...every week. Shocking that they didn’t catch this immediately.
We had a similar error a few years back. One of the draftsman received the Christmas bonus that should have went to the co-owner of the company. HR didn’t notice that the 2nd highest Christmas bonus went to one of the guys with a small salary.
It took them a week to figure it out, and the guy that got the bonus? He had already spent it on a cruise and gifts for the wife.
Part of the problem was the owners didn’t bother to hire people who had been trained for the position they had. Instead he just promoted the receptionist to the job of HR Manager.
Stupid stuff like that almost bankrupted the company.