Catching Them Red-Handed: Preventing Employee Theft
Law360, New York (June 19, 2015, 2:09 PM EDT) -- The employer-employee relationship is built on trust. Companies need to trust that their employees are focused on doing their job and moving the company forward. But what happens when employees breach that trust by stealing from their employer?
It happens a lot more frequently than you might think. The typical organization loses 5 percent of its revenue to fraud each year. That’s a projected global loss of $3.7 trillion annually. See the Association of Certified Fraud Examiners' Report to the Nations On Occupational Fraud And Abuse here for more details.
Employee Theft Happens in Every Industry and in Companies of All Sizes...
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