Employee Theft: 5 Things You Need to Know

Theft and fraud cost companies millions each year. How to prevent your employees from walking off with office supplies, merchandise, trade secrets, and even cold hard cash. If you’re not worried about the potential for employee theft and fraud in your small business, perhaps you should be. According to a 2008 report by the Association of Certified Fraud Examiners, the median loss by businesses with less than 100 employees was $200,000 per incident. And if that weren’t bad enough, the problem only grows in a weak economy. “Employee theft always gets worse in bad economic times,” says Timothy Dimoff, founder and president of SACS Consulting & Investigative Services in Akron, Ohio. “Some employees may steal more to survive, but often the larger reason is that they steal because they feel a sense of entitlement to make up for a lack of compensation they believe they should be receiving.” Some steal cash or data; others lift items that fit into their handbags or briefcases, such as office supplies, gadgets and USB drives. How can you protect your company? Here are five essential tips for entrepreneurs. Employee Theft: 5 Things You Need to Know – AOL Small Business Don’t miss out! Free Seminar event. June 23rd, 2010 Holiday Inn Strongsville, OH Workplace Theft: Are Employees Biting The Hand That Feeds Them? & Social Networking: Policies, Procedures and Pitfalls. Space is Limited…Sign Up Today! To Register, email me at:...
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