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Other Added - Safeguards Agaist Employee Dishonesty
The Indian retail industry is thriving today. There is stiff competition among Indian and foreign retailers to attract customers and retain them. In this tug-of-war, quality retailing has emerged as the solution. The retailer who provides quality p
The first step in securing an organization from an employee who would perpetrate this kind of activity is to screen prospective employees prior to hiring them;
The farther back you can look, the farther forward you are likely to see. -Sir Winston Churchill -
Meetings held and organised by Pharmaceutical companies are an essential way of communicating and evolving scientific research, clinical development and medical education. However, there is always the danger that they can be seen as a blatant attem
Losses range, for example, from 1.5 percent of sales for a well-managed department store to about 13 percent for a loosely controlled operation. According to one estimate, dishonest employees account for over two-thirds of retail theft and shoplifting for the remainder. Even though you cannot eliminate stealing entirely, you can take steps to minimize it. The key lies in the proper mix of the right controls.
The best safeguard against employee theft is the worker whose integrity is beyond question. Too many retailers take integrity for granted. A storeowner or manager should take every precaution to ensure that the people hired are honest, and then, establish and maintain a corporate culture that encourages its employees to stay honest.
Any theft or frauds that takes place within your company affects your wallet., but there are other ways that fraud affects you too. Honest companies do not pay the undisclosed “Hidden Fraud Tax”. If the average company loses 6% of its revenues to occupational fraud, by being above average a company can be more competitive. For example; if the losses to occupational fraud in company “A” are limited to six cents on the dollar, but in company “B” the losses are only two cents, it means that company B can offer the same goods or services at a lower price. That is good for the consumer, the company and the people who work there.
The first step in securing an organization from an employee who would perpetrate this kind of activity is to screen prospective employees prior to hiring them;
The farther back you can look, the farther forward you are likely to see. -Sir Winston Churchill -
<A mind-set is a way we organize our thinking, whether consciously or unconsciously. Most of the time, we act based on unconscious mind-sets that simply repeat what we've done most recently. In a new situation where our conscious mind is engaged, we
The best safeguard against employee theft is the worker whose integrity is beyond question. Too many retailers take integrity for granted. A storeowner or manager should take every precaution to ensure that the people hired are honest, and then, establish and maintain a corporate culture that encourages its employees to stay honest.
Any theft or frauds that takes place within your company affects your wallet., but there are other ways that fraud affects you too. Honest companies do not pay the undisclosed “Hidden Fraud Tax”. If the average company loses 6% of its revenues to occupational fraud, by being above average a company can be more competitive. For example; if the losses to occupational fraud in company “A” are limited to six cents on the dollar, but in company “B” the losses are only two cents, it means that company B can offer the same goods or services at a lower price. That is good for the consumer, the company and the people who work there.
The first step in securing an organization from an employee who would perpetrate this kind of activity is to screen prospective employees prior to hiring them;
The farther back you can look, the farther forward you are likely to see. -Sir Winston Churchill -
The buying and selling of privately owned businesses in Australia has often been referred to as the hidden market. This is due to the fact that historically businesses have been very reluctant to reveal that they are for sale, which has kept a $T
Any theft or frauds that takes place within your company affects your wallet., but there are other ways that fraud affects you too. Honest companies do not pay the undisclosed “Hidden Fraud Tax”. If the average company loses 6% of its revenues to occupational fraud, by being above average a company can be more competitive. For example; if the losses to occupational fraud in company “A” are limited to six cents on the dollar, but in company “B” the losses are only two cents, it means that company B can offer the same goods or services at a lower price. That is good for the consumer, the company and the people who work there.
The first step in securing an organization from an employee who would perpetrate this kind of activity is to screen prospective employees prior to hiring them;
The farther back you can look, the farther forward you are likely to see. -Sir Winston Churchill -
Think ‘shared office space’.No, this doesn't mean you have to actually share office space with another company. It is simply a generic name for a type of office space that doesn’t require a long-term lease.Shared office space is avail
The first step in securing an organization from an employee who would perpetrate this kind of activity is to screen prospective employees prior to hiring them;
The farther back you can look, the farther forward you are likely to see. -Sir Winston Churchill -
When it comes to inducting new employees into your business you only get one chance. Get it wrong and you have started to sow the seeds of doubt in the mind of your new starter in the first few weeks.Get it right and it will make a huge difference
The first step in securing an organization from an employee who would perpetrate this kind of activity is to screen prospective employees prior to hiring them;
The farther back you can look, the farther forward you are likely to see. -Sir Winston Churchill -
Taken from the book; Protecting Your Corporate Assets by Martin Maylor. For more information on this book email info@insurium.com
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