Companies can expect five percent of their profits to be stolen by employees. It takes a company 18 months to detect internal fraud. These numbers come from the Association of Certified Fraud Examiners, and coupled with a recent National Retail Security Survey which states employees are responsible for 45% of retail theft, you start to realize that as a business owner, you must be prepared and have in place procedures that make it more difficult for employees to steal.
From the HartordHelp.com website, employers should be diligent in screening applicants and do a thorough vetting procedure. They should establish a positive atmosphere that promotes honesty. The premises should always be secured and procedures followed. Finally, implement audit control programs and verify their effectiveness. Preventing theft is about sound business principles, and holding everyone to the same standards. You can read the article here.
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