Handling of employee fraud.

[Shadiq]

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

The biggest enemy of a business is dishonest employees. If you have just one or two dishonest employees in your business, it will not take long for your business to go bankrupt. It does not matter whether your business profits are low or high. If you are patient, you will definitely get good results from your business. Even if you have a crowd of customers, if your business is being stolen by dishonest employees, you will never be able to make a profit. First you have to eliminate the internal enemy, then you have to deal with the external enemy and the rest of the problems.

[kotajikikox]

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.

The employees also look for a company or business that would benefit them too so when we are still handling a small business, not a lot ot qualified and credible people would want to apply.

[FirmWars]

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 true, sometimes the person that owns the company overlooks the company's growth and thinks that he or she can handle the duties of monitoring and accessing the inputs and outputs of all the workers they have, not knowing that they need to employ another professional person who will assist in doing that, while they take note of the results from those people too who are still their employees. 

Recently, I saw a trending video of a popular ex politician in my country, he said he opened a big company in his state and the reason why he did that was to create employment for the youths in his state and he employed so many staffs but few year later, the business crashed and while he was giving a speech on that, he's reason was that, he purposely let the business crash because the staffs were stealing too much from the business without realizing that it was the same business they are earning salaries from.

I blamed the man, the company he created lacks internal controls of employees, if he had professional superior staffs who overseas the activities of the Junior staffs, the company would not have failed, he just wasted resources to create the company in the first place.

[Fiatless]

The biggest enemy of a business is dishonest employees. If you have just one or two dishonest employees in your business, it will not take long for your business to go bankrupt. It does not matter whether your business profits are low or high. If you are patient, you will definitely get good results from your business. Even if you have a crowd of customers, if your business is being stolen by dishonest employees, you will never be able to make a profit. First you have to eliminate the internal enemy, then you have to deal with the external enemy and the rest of the problems.

One of my friends had to close down his business because the business was dying. It was later discovered that one of his employees had started a similar business in another location. Further checks showed that the majority of the goods this employee has in his new shop were stolen from my friend's shop. I blamed him because he trusted these workers so much that he rarely supervised them closely. These days there are modern technology techniques that can help to supervise workers remotely.

[Cryptomultiplier]

The biggest enemy of a business is dishonest employees. If you have just one or two dishonest employees in your business, it will not take long for your business to go bankrupt. It does not matter whether your business profits are low or high. If you are patient, you will definitely get good results from your business. Even if you have a crowd of customers, if your business is being stolen by dishonest employees, you will never be able to make a profit. First you have to eliminate the internal enemy, then you have to deal with the external enemy and the rest of the problems.

One of my friends had to close down his business because the business was dying. It was later discovered that one of his employees had started a similar business in another location. Further checks showed that the majority of the goods this employee has in his new shop were stolen from my friend's shop. I blamed him because he trusted these workers so much that he rarely supervised them closely. These days there are modern technology techniques that can help to supervise workers remotely.

Supervision of workers is a must if you want your company to grow even if there's so much coverage of CCTV and other monitors to check their activity. These workers know the way around and the blindspots and if there's no on ground person for onsite jobs, they end up doing as they please and blame it on something else.
Supervision of workers aldi help them get close to management and so they feel free to express their worries and fears instead of carrying baggage of work related stress home and back again without a proper solution.
When the company shows that it cares for the workers warfare, performance increases and lagging reduces.

[Cheema02]

It is easy to understand that the most difficult aspect of a business is getting good staff. If you have ever run a business of any scale, you'd understand that managing staff is at the forefront of your affairs. No business can run without manpower, and it has to be managed differently from other business resources, like, machines, materials and money, which are all non-living entities.

That said, this is why management is the most important part of an organization or business. With good management you get the most out of your staff and there is a structure to regularly replace errant ones without adversely affecting the business, ensuring it is always running smoothly.

Your point highlights the challenges which can appear in business. To manage staff a great leading ship is required and its difficult as compared to manage machines and also individuals ate humans do humans are thousand of types on the other way robots are in same emotions and also leadership's for robots also requires humans . So for any department mangement is the key of success because if management is good then its ensure the progress of a company and through this we can decided which employees underperforming and there is need of replacing of that individuals with new ones and operations are also done. So the main point to learnt is that for a manpower to progress it should need skilled management which reverts a manpower into great business for long term

[IjawMan]

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.

That is the right of an employee that is conscious of his value with how indispensable and unique his knowledge is he will be bold to demand for a raise pay.

Employer will not risk to have a fragile relationship with his best employee that by knowledge of his job description is the brain behind many successes of the  company. Counting the cost of replacing that employee will make the employer treat them in a way they will not want to think of leaving except for a major opportunity that is too attractive to reject.

[Iamgoat]

The biggest enemy of a business is dishonest employees. If you have just one or two dishonest employees in your business, it will not take long for your business to go bankrupt. It does not matter whether your business profits are low or high. If you are patient, you will definitely get good results from your business. Even if you have a crowd of customers, if your business is being stolen by dishonest employees, you will never be able to make a profit. First you have to eliminate the internal enemy, then you have to deal with the external enemy and the rest of the problems.

Getting a bad egg employed in your business is one of the worst decisions to make as a business owner. Anyone you are bringing into the business must have the understanding of the business and must also have the same vision as the vision of the business or company. If you are employing an employee into your business, avoid bringing someone into the business because they are your friends or family and not because they can deliver. If you know the person does not have the criteria you have set for your business, don’t bring them in because most cases where we’ve seen employees fraud, it is when people employ close associates into their business and find it difficult to correct them or put them in their places.

[Byebyebtc]

Yes, I have personally witnessed such scenario, where the break down of a company was as a result of internal curruption of the workers, and this is something that doesn't sound new again, because the rate at which this happens is actually high.

And most of time it is as a result of personal benefits, as long as it benefits them personally they care less of how bad it will affect the company as a whole,
One for the qualifications of workers should be selflessness, you should care about building the company your work for and as the company grows you will also grow personally.

[slapper]

We really love to blame people. It's the easiest thing to do. If the problem is a bad person then the solution is just remove the bad person. Then eventually, everything goes back to normal.

Except it doesn't. The next person steps into the same role, same conditions might do the same thing again. Which suggests, pretty strongly I think, that this is a design problem and not a character problem.

There's this concept in organizational psychology of how systems get the behavior they're structured to get. There is an organization runs on distrust, low wages, invisible paths for advancement and total opacity in how decisions get made. That environment is designed (whether you meant to or not) in which people develop a kind of quiet moral distance from the wellbeing of the company. (I do not remember the exact source)

And moral distance is just where fraud resides. Not in bad people. In people who ceased to feel that the success of the organization was also their success.

The harder question is what was it that you built and why do people feel the way they do inside it. And who knows most owners would rather have a camera instead of sitting with that.

[BRINIRHA]

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.

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.

[uneng]

It's hard to deal with real people nowadays. To employ someone is a big and expensive responsability, without any guarantees they will do a good job in counterpart. Employees are in a bad mood all the time, they work on fields they don't enjoy, and it directly reflects on the quality of the final product or service, besides the satisfaction of the customer.

After all, AIs are being developed in time to prevent quality of services going down even more. The world is urging for new organizational concepts. The model we have been having so far is over. We have already entered a new era where employees will be robots, and people will have to figure out how to spend their time and what purposes to pursue in life.

[mvdheuvel1983]

One of my friends had to close down his business because the business was dying. It was later discovered that one of his employees had started a similar business in another location. Further checks showed that the majority of the goods this employee has in his new shop were stolen from my friend's shop. I blamed him because he trusted these workers so much that he rarely supervised them closely. These days there are modern technology techniques that can help to supervise workers remotely.

This is the worst form of betrayal, imagine trusting someone so much only to realize that he has been the one behind the downfall of your business, If I was your friend after this discovery I will not only arrest the thief but his accounts has to be checked to confirm the amount of money he has sold out since he stole all my goods. Trusting the wrong people in business kills the business faster but for a business to succeed you still have to allow someone do the supervision but you have to always go back to monitor them if you don't want them to start stealing from you. It's a big lesson to your friend he's not going to trust again after this experience.

[Josefjix]

My personal experience, I fought with our company secretary on a Saturday - Not working day. I noticed she was falling in love with me, so she starting clinging to me, I instructed her to stay off me but she refused, she repeated it and then I got her slapped in the face, she slap me back and then slapped her again until it resulted to fight. No one was in the office, and so we got tired of each other and got separated.

My Boss isn't aware till date, but I stopped going to work, she also stopped working and so the office started collapsing and everything went down.

Conflict between workers can cause shutdown of company too, many things in the inside.

[abhiseshakana]

As small business owner in a country that tick with culture of collective, harmony maintainance, and oftenly avoid direct conflict, I apply some of these principles in my employee evaluations if they make mistakes.

• Inability is tolerable but there no space for bad intention and laziness. Uncompetent employement can be trained as long as they willing to change and learn.
• Opportunity is valuable, one or two mistake is normal but repeated mistake show employee's working character.
• I need to protect my business and my team, after two times tollerance, i will kick out toxic employee to protect good teamwork and business sustainability.
• My country culture especially for small business, warning usually informal and verbal, i always takes notes sometime written notification for correction warning and coaching.
• Dignity is everything in my country, so when give warning and fired employee, i always do it face to face, when my employee do untolerable fraud, i asked them to make statement/confession letter explained their fraud, i don't embarass them and maintaining their honor. as long as employee shut their mouth up, their bad deeds are safe in their confession letter only.

When start business i always doa A-z by myself, i will only hire employee when i truly understand every single inch of my business porocess, i have standadrd operational procedure and i have continuous orders and having trouble handling them. So when employee do fraud, i can detect it faster not too long to damage my business.

[Ultegra134]

Getting a bad egg employed in your business is one of the worst decisions to make as a business owner. Anyone you are bringing into the business must have the understanding of the business and must also have the same vision as the vision of the business or company. If you are employing an employee into your business, avoid bringing someone into the business because they are your friends or family and not because they can deliver. If you know the person does not have the criteria you have set for your business, don’t bring them in because most cases where we’ve seen employees fraud, it is when people employ close associates into their business and find it difficult to correct them or put them in their places.

It's not always necessary but more often than not, it's a result of what the employer brings to the table. If you're paying minimum wage, bad to average working environment, no prospects of advance etc., don't expect people to stay, nor to find the "greatest" ones. Someone who's overqualified for and isn't after such a job isn't going to come to you, and if it happens, it's only going to be temporary. These are high-turnover jobs or Mcjobs.

Thus, it's only logical that you're not going to find the most qualified individuals if from an employer aspect, you're not offering much, and the vacancy you're offering is what I mentioned earlier, a job where people come and go. I've had my fair share of such jobs in the past as a student and saw all kinds of people, stupid, lazy, stealing, but also decent ones. The latter ones unfortunately didn't stay for long, or simply settled for when the time comes. I've changed a few and now I'm off this kind of job-hunting, but you'll still see such people, even in better paying positions.

[Onyeeze]

Supervision of workers is a must if you want your company to grow even if there's so much coverage of CCTV and other monitors to check their activity. These workers know the way around and the blindspots and if there's no on ground person for onsite jobs, they end up doing as they please and blame it on something else.
Supervision of workers aldi help them get close to management and so they feel free to express their worries and fears instead of carrying baggage of work related stress home and back again without a proper solution.
When the company shows that it cares for the workers warfare, performance increases and lagging reduces.

anyone that owns a company have to create opportunity for monitoring of that company so that there will not be occurrence misconduct, because without watching your company over and over then must be a numbers of illegal things going up in your company in order to bring your company down, now as you have suggested that using a CCTV camera in your company it will have more security efficiency than using a manual to secure your company, technology has made it easier for us to secure whatever thing you have even though you are not within the country it can be in another country and I have a CCTV camera in your company that will watch everything that is going on in that company so this particular device of camera have a good impact in security purpose

[Kelvinid]

This should never be overlooked. While most of the business owners are focused on maximizing the growth of their business and deal with external factors and the stiff competition, they end up trusting everything to their employees what's happening inside. This creates an advantage to the employees to silently make their own plans and steal from the funds of the company successfully.

In the end, the business turns bankrupt, not because loyal customers have stopped patronizing, but because the company trusted the wrong people that leads to the business failure. That's why it pays to monitor both the internal and external factors in which the success of any business lies.

[Hanadawa]

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

The biggest enemy of a business is dishonest employees. If you have just one or two dishonest employees in your business, it will not take long for your business to go bankrupt. It does not matter whether your business profits are low or high. If you are patient, you will definitely get good results from your business. Even if you have a crowd of customers, if your business is being stolen by dishonest employees, you will never be able to make a profit. First you have to eliminate the internal enemy, then you have to deal with the external enemy and the rest of the problems.

The problem is, we don't really know if they're honest. Personally, I can't really tell. Except for people with a bad reputation. Furthermore, sometimes people will be dishonest when they desperately need money. I once heard a story from a business friend of my father's who said that his employee, who had worked with him for years, cheated him. He didn't record every sale. Instead, he diverted the money to his personal account. His crime was only exposed when the business owner became suspicious of his business, which wasn't progressing despite having a lot of customers. Finally, he printed out his bank statement and was shocked to see how the person he thought was honest was actually stealing from him. The employee's excuse was that he was jealous of his more successful friends. So, sometimes it's difficult to determine whether someone we want to work with is honest or changes in certain situations. Does anyone know the right way to determine someone's honesty?

[Pi-network314159]

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.

i can actually relate to what you mean and that is one of the reason many business claps, internal theft and fraud, also bad employees who dont think of the welfare of the business but always being self centered. some are lazy, lacks a good manner of approach, no good customer relationship, not being friendly to costumers but always doing things that will chase workers away.  my opinion is that employer should try as much as possible to fish out the employees that is not doing their job very will and replace them.

sometimes he should just do them a random interview or test to see who and who is doing their job properly. sometimes he can send an external person to come and investigate his employees behavior in his absent. after a random test, he will know those that are bringing the company down.