| Even before the financial overturn happened in Wall | | | | checks on all their employees and applicants, the |
| Street this year, there had already been several | | | | number of incidents can be lowered. |
| losses that American companies have been reporting | | | | However, how can an employee rob a company? |
| about. These losses are no joke and pose greater | | | | What are the kinds or thefts that an employee can |
| risks because of the figures that are not just on the | | | | do to a particularly company? Basically, there are so |
| level of thousands but of billions and a timeframe of | | | | many ways in which an employee can take |
| a year. If today’s financial problem has been | | | | advantage of the company illegally. |
| rooted to a more complicated issues on economic | | | | 1. Falsifying Receipts – Most of the time, receipts |
| policies and other international investment | | | | are not computer generated. These are often hand |
| disparagements, the older problem is rooted on the | | | | printed. Dishonest clerks can forge receipts and |
| premise of internal embezzlement of none other than | | | | charge a client of a higher price and have the |
| the companies’ employees. Yes. Sad to accept | | | | difference kept in the employee’s pocket. |
| but American businesses have been ailing for quite | | | | 2. Stealing Merchandise – this is the most |
| some 40 billion dollars of losses caused by company | | | | common theft that can happen in a store. Often, |
| theft and other embezzlements. Though this problem | | | | stolen products are those small and easy to keep |
| might seem to be a parody of the employers or a | | | | ones. There are so many ways on how an employee |
| complete exaggeration to front the government of | | | | may steal merchandise out of the store. |
| tax evasion, this has never erased the fact that the | | | | 3. Cash Theft – this happens mostly to cashiers |
| problem in employment theft is a reality and is really | | | | or those employees that receives payments. |
| destructive. | | | | Especially to those that has no specific recording |
| In a survey posted at Inquest’s website, 30% | | | | system, services or products can be sold without |
| of failures in the businesses in the land is said to be | | | | undergoing on a process. |
| the end product of large and small scale company | | | | 4. Bookkeeping Fraud – receipts are very |
| theft and dishonesty. Almost all types of businesses | | | | important in auditing. So there are times that in order |
| in America experience the same fate. Most of the | | | | for employees to get something from the company |
| time, companies with most losses are those which | | | | illegally, they would hide in receipts and declare a |
| has something to do with merchandising and direct | | | | forged amount on the record. |
| selling. Critically, the country is loosing honest | | | | 5. Fake Purchases – employees may intentionally |
| employees or is just being tolerated by ignorance of | | | | buy things and had it reflected on the record but the |
| the employers. | | | | purchase did not actually happened. Or they can |
| Almost all establishments in the US these days are | | | | create imaginary suppliers which are actually just |
| already equipped with high end surveillance systems. | | | | them. |
| Almost every corner of the office, store, or even | | | | Background check reports basically lay off a limit to |
| outside premise of a company is installed with | | | | these types of employees before they can be |
| cameras that monitors every move of employees | | | | accepted to the company. The past records of a |
| and clients alike. These systems are said to have | | | | particular employee will tell you whether he/she is |
| been installed in order to avoid any theft that can | | | | worthy of trust or not. Pre-employment checks are |
| happen both internally and externally. However, | | | | an effective way to save a company’s future. |
| surveillance systems are not the only way to solve | | | | This is a solution that literally said as saving billions |
| this classic problem. Same website suggested that if | | | | with 30 bucks. |
| all companies take it by heart to conduct background | | | | |