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Other Topics:
Insurance Fraud
Workplace Theft
Corporate malfeasance isn't only practiced at the top: an estimated 79% of workers admit either stealing or consider stealing from their employer. And while we might never think that the stapler or legal pad we pilfer means anything, one out of every three businesses goes out of business because of employee theft, as reported by CNN. Even worse, the cheating culture has created an atmosphere that dissuades whistle blowers from coming forward and exposing this extremely pervasive practice that costs upwards to $600 billion a year.
Why Do People Steal?
Workplace theft is usually not out of need, but out of greed and contempt. Moreover, people believe that once they see their colleagues stealing and cutting corners, it is morally acceptable for them to do so as well.
What Can You Do About It?
Simple tactics to stay ahead of the game can ensure business owners don't get swindled by their employees. From background checks to keeping accurate records, common sense methods exist to reduce the amount of fraud companies face.
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How to arrest employee theft: experts say workers often give off clues |
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Investigating workplace theft: Sherlock Holmes meets Miss Manners |
Developments
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South Africa begins building a whistle-blowing culture with PriceWaterhouseCooper |
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Online technology helps businesses streamline task of employee screening |
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