Preventing Crime in the Workplace
Business owners and managers want to trust their employees. After all, they are the ones charged with carrying out many important functions allowing the business to grow. A healthy trust between management and labor creates a better working environment for all involved. Employee theft effectively destroys that trust, creating a negative impact on workplace morale, and ultimately hurting the company’s bottom line.
According to CBS MoneyWatch, a typical organization loses 5% of its annual revenue to employee fraud. Even more shocking, The U.S. Chamber of Commerce estimates that “75 percent of all employees steal at least once, and that half of these steal at least twice.” Why is this crime so rampant? It appears many U.S. workers today aren’t satisfied with the job itself and find the need to get a little extra for themselves. Whether you view this to be a moral or economic issue, the facts remain the same. Now, what can you do to prevent crime in the workplace?