How do they steal? Let me count the ways
Theft you will always have with you. The fact is that people steal. They will steal from you. They will steal from you no matter what you do.
You can throw up your hands and let the thieves have their way. Or do something about it.
Start by being aware of some of the many ways that employees steal. It comes to you courtesy of one of the standard professional references: The Small Business Fraud Manual from the Association of Certified Fraud Examiners. Here are just a few ways that employees can get into your pocket.
They steal cash. They may take money right out of the till or the petty cash fund.
They steal by setting up phony vendors and paying them. This is a bit more sophisticated, but very common. Putting in for more pay than they deserve is a variation of this one.
They steal inventory or supplies. Sometimes this is low-cost items, like office supplies. Sometimes it’s merchandise or machines worth hundreds or even thousands of dollars.
They steal by using equipment for their personal needs. This can be anything from hand tools or the office copier to giant construction equipment and sophisticated computers.
What can you do? Start with […]