An employee is 15 times more likely than a non-employee to steal from an employer.
Employees who steal typically have worked within the business for several years before beginning to steal, and they continue for an average of three years before they actually get caught. Here are some things you can do to be more vigilant.
1. Know your employees – Potential theft indicators can include: sudden devotion to working late, suggestions of procedural changes to financial or inventory duties, and sudden lifestyle changes above their salary level.
2. Supervise closely.
3. Use purchase orders
4. Control cash receipts
5. Install computer security programs and or cameras
6. Beware of accounts receivable
7. Perform background checks for potential hires
8. Track your checks
For all your insurance needs, visit us at https://www.ieuter.com
Ieuter Insurance Group 414 Townsend St Midland MI 48640 (989) 835-6701