Handling of employee fraud.

[beerlover]

And sometimes, in reality we discover that one of our best employees, whom we have trusted all this time, has been cheating behind our backs. And sometimes there are dilemmatic situations where this person has become irreplaceable or difficult to find a replacement for. In situations like this, sometimes we can't do much. On the one hand, we need their services, but on the other hand, they are cheating behind our backs. We can only reprimand them and hope that they don't do it again. This is why we must always monitor the condition of our employees. And if they have a problem in their lives, then we as bosses must pay attention to it and help them as much as possible. In the workplace, there are times when we turn a blind eye to minor dishonesty. This is because the employee we have is difficult to replace, either because no one else works as hard as they do or because they possess unique skills. replacing them with someone new also carries the risk of bringing in someone else who may end up doing the same thing.

This is why the last company I worked with had 3 strikes rule and it works quite well for people. If they make a mistake, they get one strike and they can keep working for the company, if they do another one then it's second strike and they should be notified that they are on thin ice and could maybe get fired on their next mistake. If they do reach the third strike then they are fired and won't be working no matter how valuable they are.

I do not care how great a worker is, if they are doing mistakes that causes problems for the company then there is no need to keep them because if you do keep them then they will realize that mistakes they do are fine for the company and will keep doing and also cause others to do so because others will realize nothing will happen to them too. Fire people who hurt the company, no matter how great they are.

[Italian Panic]

This is why the last company I worked with had 3 strikes rule and it works quite well for people. If they make a mistake, they get one strike and they can keep working for the company, if they do another one then it's second strike and they should be notified that they are on thin ice and could maybe get fired on their next mistake. If they do reach the third strike then they are fired and won't be working no matter how valuable they are.

I do not care how great a worker is, if they are doing mistakes that causes problems for the company then there is no need to keep them because if you do keep them then they will realize that mistakes they do are fine for the company and will keep doing and also cause others to do so because others will realize nothing will happen to them too. Fire people who hurt the company, no matter how great they are.

We can also agree with you but it also depends on the extent of the error.
If it s a serious error that causes economic damage or damage to the company's image, okay it is right, but if it is material damage/error that can be easily recovered, I don't see why it should result in dismissal or firing of employee.

[Berry2d]

And sometimes, in reality we discover that one of our best employees, whom we have trusted all this time, has been cheating behind our backs. And sometimes there are dilemmatic situations where this person has become irreplaceable or difficult to find a replacement for. In situations like this, sometimes we can't do much. On the one hand, we need their services, but on the other hand, they are cheating behind our backs. We can only reprimand them and hope that they don't do it again. This is why we must always monitor the condition of our employees. And if they have a problem in their lives, then we as bosses must pay attention to it and help them as much as possible. In the workplace, there are times when we turn a blind eye to minor dishonesty. This is because the employee we have is difficult to replace, either because no one else works could rd as they do or because they possess unique skills. replacing them with someone new also carries the risk of bringing in someone else who may end up doing the same thing.

This is why the last company I worked with had 3 strikes rule and it works quite well for people. If they make a mistake, they get one strike and they can keep working for the company, if they do another one then it's second strike and they should be notified that they are on thin ice and could maybe get fired on their next mistake. If they do reach the third strike then they are fired and won't be working no matter how valuable they are.

I do not care how great a worker is, if they are doing mistakes that causes problems for the company then there is no need to keep them because if you do keep them then they will realize that mistakes they do are fine for the company and will keep doing and also cause others to do so because others will realize nothing will happen to them too. Fire people who hurt the company, no matter how great they are.

Having three strikes or not can't provide a permanent solution to that problem as one action could destroy the company's chances of success or even lead to the company's downfall. Not that the 3 strike policy is wrong but the need to come out with a more secured policies that will provide a more secured environment to the company's security. As for mistake it is inevitable but most not be any that may be disastrous to where one finds his or her income from, as some workers are very important and productive in a company that they are to be trusted with the company's information and may deserve to be forgiven if such happened because most mistakes comes from setups and other related issues.

[Roseline492]

Sometimes the biggest challenge that leads to business shutdown isn't from external competitions around the business environment but from within the workforce.

A business person who owns a company  must ensure to have internal control and structure in your organisation. With a functional internal control, employees display best practices, discipline and solemnity with how they dispose their jobs, resume and attend to work on time etc. Internal financial theft and misconduct are detected asap, then reducing the risk of collapse of the organisation from internally which are related with employee fraud.

Very important things to have in a business, a well established business has all this things in place, there was a company I worked before and they have time everybody is supposed to be there working, so to make sure they no and see how committed everybody is on the company, they kept a system on the entrance way in form of a gate and the only thing that open it is the company ID card of everyone and whenever they open it, the company captured the persons name and the time they came to work and also when they left so every month they review the list and sacked those who didn't value there job so actually this is how to control a business you have people working for you because you are seeing all their activities.

[Fiatless]

Very important things to have in a business, a well established business has all this things in place, there was a company I worked before and they have time everybody is supposed to be there working, so to make sure they no and see how committed everybody is on the company, they kept a system on the entrance way in form of a gate and the only thing that open it is the company ID card of everyone and whenever they open it, the company captured the persons name and the time they came to work and also when they left so every month they review the list and sacked those who didn't value there job so actually this is how to control a business you have people working for you because you are seeing all their activities.

Technology has made the monitoring of staff and supervision of business easy. You could be anywhere in the world and use some device to monitor and control the operations of the business. Some business owners are not willing to embrace technology or spend some amount to enable them have full remote control of their business. They prefer to still use traditional business models.

[Mhizlove]

From my view I will say that sometimes the person inside is the problem because the person knows the in and out of the company than the one outside like the competitors. So if business owners don't have a strong hold and monitoring how the company is going that is when there will be mistakes or dishonesty from employees which can turn out to cause problems In the company.

What am trying to say is that employer should always pay more attention on how the company is being run inside rather than putting all the attention outside, sometimes the person you trust will end up being the one that will betray you at the end of the day

[Bluedrem]

If the employees of an organization do not have love for the organization, then the organization will never benefit from those employees. The employees should be such that they work as if the organization is their own, but if the employees start evading work or misbehaving, then an organization can easily be destroyed. Therefore, it is very important for the owners to keep an eye on the employees of the organization, otherwise the business will fail due to the negligence and stupidity of the employees.

[batang_bitcoin]

From my view I will say that sometimes the person inside is the problem because the person knows the in and out of the company than the one outside like the competitors. So if business owners don't have a strong hold and monitoring how the company is going that is when there will be mistakes or dishonesty from employees which can turn out to cause problems In the company.

What am trying to say is that employer should always pay more attention on how the company is being run inside rather than putting all the attention outside, sometimes the person you trust will end up being the one that will betray you at the end of the day

In summary, a business owner needs to be hands on with their business and I agree. Because it is their business and they can't wholly trust their employees even if they have a hired manager to do stuff for them including the monitoring and the watch of their employees. It's possible that it can also work with the other stuff to do such things against your company, like cheating the sales, the inventories and the reports. So if you're a business owner, you protect your business and you trust no one as if all of them are going to turn their back against you anytime.

[Aanuoluwatofunmi]

If you're into a business and employ workers, then you should be able to manage the business more effectively in such a way that they don't mismanage it for you, that is why some business owners will prefer being there than to secure it with others to handle their business for them, because cases like this has led to the close of many businesses in the past, we should not grant our employees access to the financial aspect of our business, instead, we should do that by ourself and also audit adequately in we employ for accountant or cashier.

[laspol65]

Sometimes the biggest challenge that leads to business shutdown isn't from external competitions around the business environment but from within the workforce.

A business person who owns a company  must ensure to have internal control and structure in your organisation. With a functional internal control, employees display best practices, discipline and solemnity with how they dispose their jobs, resume and attend to work on time etc. Internal financial theft and misconduct are detected asap, then reducing the risk of collapse of the organisation from internally which are related with employee fraud.

Here if you hire skilled employees then you can definitely avoid the risk, and you can build a very good and good environment for the company. And then you have to provide financial benefits to the employees so that the employees are never touched by corruption, if the employees are financially deprived then the employees will definitely be touched by corruption. Strict laws are not always good but if strict laws are applied to the employees it can be the opposite, so you have to try to convince the employees well and make the employees work strategically. So it is necessary to set skilled people in high positions then the company will be able to move towards the future at its own pace.

[uchegod-21]

Fraud in an organisation happens when there is an opportunity created for it to happen. Fraudulent employees take advantage of loopholes in the organisation. Such loopholes could exist when the organisation is understaffed, or when the organisation is far behind technologically or even when the proprietor of the organisation is nonchalant. To achieve a clean and smooth organisation, block all loopholes. Have sufficient staff so responsibilities and duties are well separated. No single entity should be incharge of receiving, sending and approving money. If one person handles this, we already know what is capable of happening, but where different people handle that, it will be easy to recognise an unusual activity.

Attention too should be paid to knowing the kind of people employed. The HR department should ensure proper background checks are done on their employees. Find out why they left their previous jobs. The information that will be gotten will be very useful. The organisation should also advance technologically. Adopt management softwares instead of the old style of recording and communication.

[sokani]

In order to have more than one source of income, many full-time workers are starting businesses and employing people to run them. I have seen many of these businesses go bankrupt because of poor management by these employers. It is very difficult to see employers who are trustworthy.

My view now is that don't start a business if you don't have the time or proper strategy to monitor the operations. You might be indirectly feeding thieves with your business if there are no internal controls.  

This is very correct. Sometimes, even when you hire a family member, like a brother, sister, uncle, aunt, etc, to oversee the business because you lack the time. They may also end up draining the funds and wrecking the business. I've seen it happen several times. If you do not have the time to run it yourself, it is best not to start it in the first place.