I recently read some disturbing information regarding employee theft, and thought I'd share it with the group. The Association of Certified Fraud Examiners estimates that 7% of company revenues are lost to internal fraud annually. Another group that investigates fraud says recent calls for it's services are up by 25%! Perhaps that isn't surprising at a time when the economy is less than ideal.
I think the most disturbing aspect of this particular crime, is that the perpetrators are most often the most trusted employees. They have access to bank accounts, checks, financial information, and more. As HR professionals, it is our job to be watchful; keep our eyes and ears open, and don't be afraid to approach the CEO, President, or others if you feel this is happening in your organization. After all, if it affects the bottom line of the organization, it will eventually affect everyone.
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