How Businesses can Avoid Falling Victim to Employee Theft
The impact of employee theft on businesses and the economy is staggering. The distressing news is that much of this corporate could have been avoided. Research shows that the majority of employees that commit the following crimes will typically get away it for two years before being discovered: 1. Theft of products or services meant for the consumer 2. Pilfering of office supplies or work tools 3. Stealing cash from a sales register or embezzlement 4. Stolen time by charging for work hours that are not accurate And, when companies decide to press criminal charges against a thieving employee, it generally takes 5 years to settle the cash - and most often without being compensated for the stolen items or the cost of lawyers and court fees. And if your company deals in retail, it would be quite common to experience some inventory shrinkage due to employee theft. The most surprising statistics are the costs of employee theft to businesses and the U.S. economy. "A...