According to a new analysis by Deloitte, the average U.S.employer spends between 0.5 percent and 2.5 percent of its payrollon what the consulting firm calls “payroll leakage,” or moneythat is not actually paying for the service the labor is supposedto provide.

Payroll leakage is a result of poor oversight and inefficientsystems management, the report found.

"From technology and measurement to policies and design, manyorganizations are managing timekeeping, labor utilization, andcompensation in a way that is fundamentally outdated," says LisaDisselkamp, managing director in Deloitte’s workforce strategy andinsights practice.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.