employee theft: Tips for Preventing Embezzlement and Employee Theft
- 02/26/18 07:32 AM
If you are a business owner, you might be concerned about employee theft. If you aren’t concerned, perhaps you should be. There are a number of ways that an employee can steal: Embezzlement money, inventory or materials Skimming – Diverting funds Stealing business opportunities, data or trade secrets Fraudulent disbursements like check tampering or billing schemes Larceny – absolute theft It might surprise you to find out that employees who steal are not usually new employees. Instead, they are those who have worked for a business for a number of years. (Three years is the average.) So, what can you do to … (1 comments)
employee theft: Top 10 Warning Signs of Employee Theft
- 06/12/12 02:11 PM
The U.S. Chamber of Commerce estimates that employee theft costs American employers more than $50 billion dollars each year. In a study conducted last year by The Chubb Group of Insurance Companies, executives of 60 percent of the companies surveyed said they expected their employees to steal money or equipment. Another study conducted by The Chubb Group in 2004 found that 39 percent of private companies had employees who stole company funds, equipment, or merchandise.
Small businesses are particularly vulnerable to employee theft. Many dollars are saved when business owners and managers make prevention their top priority. Look out for: … (4 comments)
If you are a business owner, you might be concerned about employee theft. If you aren’t concerned, perhaps you should be.
;)
;)
;)
