We always want to think the best of people, especially our colleagues and employees. Thankfully, in most circumstances, we work with people who strive to do the right thing for our business and its clients. Unfortunately, sometimes we encounter employees who carelessly waste company money or commit fraud that costs a business not only money, but its reputation and future if the problem is not discovered immediately.
According to the Association of Certified Fraud Examiners, a "typical organization loses 5% of revenues each year to fraud," with small companies losing greater-than-average amounts. Here are some tips that will ensure employees at your business stay on the straight and narrow, helping minimize your company's chances of falling victim to employee fraud and unnecessary, wasteful expenses.Read More