CXO

How To Prevent Employees From Stealing From Your Business

Date Added: Mar 2010
Format: HTML

The sad truth is that employee fraud and embezzlement events - defined as "the use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization's resources or assets" - happen at businesses every day, to the tune of almost $1 trillion a year in the U.S. alone. The reason most employees steal is simply for their own financial gain, says the author. The most prolific thieves tend to be those employees that have been at the company the longest - someone who knows the company's processes well enough to take advantage of them.