Handling of employee fraud.

[passwordnow]

The big businesses have the selection process of their new employees very rough. And that's why it takes time for them to choose their next employee and that's because they're treating them as an asset and they don't want to waste their time during the recruitment. But I understand the small businesses that they don't have that kind of process and they're just hiring whoever wants to apply on them and if they're in need to fill a task that someone should be working with it. Be selective in choosing employees and have their background screened for your peace of mind as a business owner.

[Miles2006]

Many saying employers should maintain a good working relationship with their various staff are not wrong though that’s not the center point of this topic and still with a nice working relationship amongst each other don’t change the fact about theft.
Generally we don’t pay attention to little situations reason why these issues are not taken serious, most times funds keep reducing when there’s suppose to be an addition of profit yet we never create the chance to check record details concerning sells etc, employee fraud can actually destroy an organization if proper attention is not given and for a fact working without a good result seems wasteful reason why employers need to have a standard form of organizing profits earn weekly or monthly not the way few feel reluctant about their business handing over everything to a total stranger.

[IjawMan]

All these are necessary for me but employers must only also consider one major thing for the employee, because many fraud by employee is as a result of poor welfare from the employer many employees are not comfortable with their jobs but can't leave the job as it's the only major source of their income  a good employee welfare curve out fraud, remember every employee dreams is to grow but where they are not due to much monitoring they will device means where they can fraud the company as they gain nothing. Once employee are compress where things that will make them feel more comfortable and take the company as their own expect fraud as inevitable character that must exist either by group of employees conniving or individually.

You are not giving that as excuse for a stealing employee, cause if you are, you will be doing an injustice rather. Where an employee feels he is poorly numerated he should ask for improve pay equalling to his value, and when it is not approved he can leave and search for bigger offers in companies that will value his worth.

With my little years of experience as a workman I learned it that any employee succumbing to lesser pay for his value has no real value and he does not see himself a good chance of landing a better job cause he has no rated value.

If you upgrade your qualifications, skills and knowledge and it reflecting in the productivity of your work-place, your employer will not want to lose you to a competitor and will be ready to upscale your renumeration as necessarily required in request.

[Shishir99]

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.

This is one of the reasons companies conduct their own audits. If you have one office, I think you are enough to maintain that office and check everything. But when it comes to multiple branches of your company, which might be located in different places, you must have an audit team that audits the branches every few months and takes action if there is any mismatch.

The audits are performed at the paperwork and field levels. It depends on the company's workflow, actually. Also depends on the company's nature. I have learned about a cheater a few weeks ago that their staff was changing the cash on delivery amount via a phone call with the delivery man and taking the money from the customers, and the company has no clue about it.

[Agbamoni]

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.

For me, this is the most important part of the business. Goods can be replaced, but it is very hard to see a decent employee. Imagine that someone steals $20 from a business that generates $500  a day, that is a massive loss for the owner. This is very common in our society today, and it is the reason why every business owner should find a way to manage their business properly to avoid a crash. Another annoying thing employees do is not take the business seriously and not being customer-friendly. This will also ruin the business.

[SUPERSAIAN]

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.

You shouldn't always look outside. It's good to be aware of what's happening inside; you have to be vigilant at all times if you own a business. There may be, or will be, people stealing or leaking data from within, especially from your competitors, so it's best to take precautions. Many businesses today suffer losses because of such incidents that's a fact.

[livingfree]

If you upgrade your qualifications, skills and knowledge and it reflecting in the productivity of your work-place, your employer will not want to lose you to a competitor and will be ready to upscale your renumeration as necessarily required in request.

And you can demand from them for some certain raise when you think that it's no longer fitting your salary after spending some time with them.

Employers would like the right employees means that they're willing to invest in them and as long as they are contributing well to the business, they don't want them gone.

But the choice is still in the employee if some greener pastures have came to them and they can't decline that, they'll choose the better pasture.

[Maslate]

For a good business owner, you are responsible both for the external and internal factors that could threaten the flow of your business. So you have to appoint reliable employees who you think are best for that position to take charge both.

However, there are instances that good things do not last, especially when your trusted employees learn to bend the rules and attack your business secretly.

This is not new anymore as this has happened already countless times. This is the biggest challenge when you're in business, you end up trusting the wrong person, and its already late when you found out his modus operandi happening inside your business site.

[Makus]

First of all as an employer you must learn to set boundaries and make rules, a lot of employees are not really scrutinised to know if they are capable enough to handle the job. Employee fraud is the main reason why lots of companies end up collapsing. one common reason why employees fail to keep up with ther business is because they build their business based on the personal relationship they have with people which is very wrong. To succeed in business you shouldn't mix business with pleasure

[Rain1620]

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.

Most times we just blame it on the societal pressure, competition and the market share and overlook the primary things that actually drains the organization from bottom up. To build a strong internal control structure one has to create a transparent environment where fraud or theft seem impossible but easy to report. While you trust an employee you should also verify because the failure of a business as a result of internal lawlessness is not just a failure of behavior but a failure of oversight.

Somehow practicing theory Y fosters the growth of the business but then, these employees has to really be motivated. Motivation comes when there is no salary delays, because employees are likely to rationalize theft as getting back what they’re been owed. And sometimes allowances, encouragements etc. can shot out that desperate idea or move an employee would think of taking.

While managers are practicing the act of being empowering to the employees, strict protocols should also be observed. Every employee should be knowledgeable about his position, rights and duties attached, one who records finance should be different from who holds or spends, unaware inspections should be practiced and employees should only have access to data of materials specific to their roles. While building trust security should be prioritized.

[Oasisman]

Those businesses whose been shutdown caused by some internal issues, also common as "inside job", are a product of a complacent management. A business will not thrive if there are no strict implementations of rules, and constant evaluation of employees as well as the inventory of products.
Also, employment process should always be strict. Background checking is necessary, and ever applicant needs to be completely clean from any legal charges. Even those who have minor violations should be properly assessed.

[viljy]

This is really a huge problem. Starting from banal theft by employees and ending with such forms as disclosure of information, database leaks (sale of information), outright sabotage, etc. All these phenomena and risks are present in business, ranging from large corporations to the smallest businesses.

However, this is a problem not only for business, but also for public administration. Unfortunately, no effective ways to solve the problem have been found for many years. Experience has shown that high salaries, even profit sharing, are not a panacea and do not guarantee that businesses will be rid of internal enemies, traitors, and saboteurs.

But even the most severe punishments, including mutilation and death, also do not guarantee against this. This is evidenced by the practice of shooting officials who have stolen in China (they do not stop stealing), or, for example, punishments in drug cartels or among small drug dealers for stolen "caches". Why doesn't even the fear of death stop people from stealing? Apparently greed is much stronger than any fear. Anyway, internal sabotage is a very serious problem.

[letteredhub]

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.

You are extremely right, but that doesn't mean that the employers should overwalk and enslave their workers. The relationship between the employer and the employees matters a lot in business, and it can affect the business both positively and negatively. The rate of loyalty your employees will have for you, is depending on how much you treat them (which is how you respect them or mistreat them). I know that it is very important to take work seriously, but it is very important for the employers and workers to developed that mutual respect and mutual understanding between them. They should have good relationships with each other. Being competitive in the place and among the workers, is actually a great thing, because it encourages a lot of the works to do better. Workers are the backbone of the business and they must be respected, and at the same time, they must abide by the rules and regulations of the company, and respect their principles.

The employee deserves to work in a conducive environment where he is valued and respected by the employer, in every organisation there should be an atmosphere of mutual respect safety of workers, and recognition of rights of the employee which aligns with his promotion when due, incentives are also a means to make employees get serious with job, and any overtime work done should be compensated for. All these are a part of motivation for the employee to be productive. Although there are some employees that are just bad employees, never contented with all an employer could provide to see to their maintenance in the organisation, hence they result to stealing from the organisation.

[knowngunman]

You can get rid of 1 or 2 employees who are known to be cheating, but there's no need to keep them. It's unlikely that all your employees would be tricking you if there wasn't something wrong with your leadership style or you've entrusted the wrong people with crucial tasks (usually involving company secrets). If that happens, it's just one sign that your company is doomed. But the greater damage has already been done, and it's usually only realized too late.

Even if it has to do with getting rid of the entire employees, do it. Business survive on trust and appropriate financial management. No matter how big, reputable the company is, if they don't have faithful group handling the finance department, the company will eventually collapse and liquidate. It's not about leadership style, it's about recruiting employees with a vision to grow the company. Some employees are like devil sent and it doesn't matter whether your leadership style is cruel or not, they embezzle funds meant for company upkeep risk being sacked. If they succeed, they plan another embezzlement and if caught they abandoned the company to another.

[Leahized]

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.

Yes, every organization or company should keep an eye on the internal problems of the employees. There are several means to identify problems in discipline, theft. However, these problems occur most often in different restaurants. However, an employer should collect all the information about the employee before hiring him. By doing this, the reputation of the company will not be damaged and the risk of collapse of the company or institutions will be reduced a lot. In order not to steal the organization employees, For this the owner of the company should. Paying employees on time and supporting them at risk. This will increase the sincerity between owners and employees.

[Hewlet]

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.

The under payment of employee is part of the reason why we constantly see them going into stealing from the company because most companies are not even concerned about the welfare of Thier employee considering the amount they are recieving.

Treat your employee well, have good structures on ground such that it's deficult for them to steal from the company and at the same time they don't feel like they aes being overused and under paid and you will find them become completely obedient to your company policies without trying to defruad the company. If you can't make your employee see the company they are working for as something they are a part of, it will just take a matter of time but eventually, they will become a serious threat that are lying under your roof.

[bakasabo]

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.

The under payment of employee is part of the reason why we constantly see them going into stealing from the company because most companies are not even concerned about the welfare of Thier employee considering the amount they are recieving.

Treat your employee well, have good structures on ground such that it's deficult for them to steal from the company and at the same time they don't feel like they aes being overused and under paid and you will find them become completely obedient to your company policies without trying to defruad the company. If you can't make your employee see the company they are working for as something they are a part of, it will just take a matter of time but eventually, they will become a serious threat that are lying under your roof.

Correct. An employee wont steal, cheat or try to create anything fraudulent at work for no reason. I dont that there is hardly any employee (there are some, but they are so little, that it can be considered as "there is none") who applies for the job with goal to steal. People not always steal or commit fraud when are underpaid. Such activity can be a reply on boss behavior. Bein a jerk greatly increases chances that employee will try to harm your business.

[Coyster]

Such activity can be a reply on boss behavior. Bein a jerk greatly increases chances that employee will try to harm your business.

Being a bad staff says much more about the staff than their employer. There are ethical ways to handle challenges faced at work, if you believe you are underpaid or treated poorly, then that is were the option of resignation comes in. You simply resign. And if your employer is crossing the line, you are also well within your rights to resign and seek redress from the judiciary. Resorting to crime is no justification for how you are treated at work, because you can end up in jail for your actions.

[cryptomaniac_xxx]

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.

This is not secret, most companies in the past and today recognized the value of their employees, it is the driving force for their success. And so when we look at big American companies, they will gave everything that their employees wanted and then some.

So it's very important as well that this top companies hired top notch Human Resource so that the company will recognized what their employees need to this department. So employees are the back bone of the organization, not the CEO or the board. They owe everything to their employees on how the company turns out to be a successful one.

[Strongkored]

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.

Besides low employee morale, which leads them to commit fraud, there are also loopholes in the company's financial system and a lack of oversight from superiors.
Company regulations must be enforced from the outset of recruitment so that fraudulent employees can be fired, as this disrupts the company's system.