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Previous: Before you ship overseas by Janet Attard Billions of dollars are lost to employee theft each year. Small businesses are particularly vulnerable because the owners are often too trusting of their employees and don't have procedures in place to keep close watch on the money or inventory that goes in and out of their establishments. What gets stolen runs the gamut from office supplies and equipment to inventory items, parts, and cash. Often the perpetrator is a long-time trusted employee or even a spouse or relative, and sometimes the amount stolen can run into the tens of thousands of dollars - or more - enough to bankrupt the business. Don't let your business fall victim to employee theft. Keep your business safe (and fiscally sound) by doing background checks on new hires and by not giving a single employee too much control of your money or inventory. And watch out for "trusted" employees who have access to your money and never want to take a day off. More: Employee Theft a Big Problem for Small Business Posted by Janet Attard on February 15, 2008 at 9:56 AM | Comments (3)Comments Posted by: Ruth Ruhiu on February 23, 2008 at 9:00 AM In South Africa in my business I caught many and doesnt matter what procedures and stocklist they still steal. And if you make a theft case where you caught that person the sout african legal in courts they get free attorneys to help them that steal of you and you feel like the thieve. The whole justis system BY US they are protected and you not. Posted by: kobus on February 23, 2008 at 1:59 PM |
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The information compiled on this site is
Copyright 1999-2008 by Attard Communications, Inc. and by the individual authors. |
For 18 years I owned two butcher shops. In that time approx 75% of staff, both adult & juvenile were caught stealing cash or goods.
I now work in a field where I assist businesses. In the small town of 8k population where I work I can name at least 20 cases of staff fraud of $25k or more, even over $60k. Be vigilant, do not blindly trust staff, check your profit ratios weekly or at least monthly, watch the person who takes the banking to the bank, is he/she changing figures? Is stock placed near the back door for easy access?
It has always been a problem and will continue to be so.
Posted by: Donald on February 17, 2008 at 2:04 PM