Tag: employee theft
-
Mysterious Inventory Shrinkage
“SHRINKAGE” is the Industry Term to Describe Theft or the Mysterious Disappearance of Assets from a Company is the industry term to describe theft or the mysterious disappearance of assets from a company. Based on the average of various knowledgeable authorities, 4.2% of the gross revenue of a company is stolen by employees. For example,…
-
Theft in the Workplace Belongs in Professional Hands
Theft in the workplace can take many forms and every department is vulnerable. Like many company owners, Ed felt the crunch of the economy. He tried not to get to the point of lay-offs. But eventually, that choice was inevitable. Some guys in production lost their jobs, others lost hours. In fact, within a few…
-
Do You Have a Trail of Paperwork That Reveals Employee Embezzlement?
Employee embezzlement is a major problem, especially for small businesses. I recently read an article by Todd Frankel of the St. Louis Dispatch, “Wave of embezzlement cases hits St. Louis region.” Case after case spoke of employees: Getting reimbursements in “office expenses” Improperly documenting vehicle impound fees and pocketing the money Creating fraudulent invoices and…
-
Think Computer Forensic Services if you are Concerned about Employee Theft
Employee theft can take many forms, not just stealing cash from the register or lifting product out the backdoor to an associate. In fact, in a recent article on American Express Open Forum, Barry Moltz lists several you might not have even considered, although he says they are common. Set up fake vendor accounts. Steal…
-
What Business Owners Need to Know About Theft by Employees and Employee Embezzlement
Theft by employees is rampant – just ask any business owner or CEO. And when you start talking about employee embezzlement, the impact can be catastrophic to some businesses, especially small businesses, for several reasons: Loss of assets – an employee stealing from a company can take anything from supplies and materials to money away…
-
Nip Theft by Employees in the Bud
Theft by employees is a problem whether you own a business run out of an office or a retail establishment. It’s a felony and costs business – and consumers – a great deal of money every year. There are steps employers can take beginning with a thorough background check for new employees. It is not…