4 ways to protect yourself from employee fraud
04/21/2015 | Author: Editorial Staff
You think it could never happen to you, but workplace fraud occurs more often than you realize. If you have employees or hope to hire some in the future, take note of these four steps to establish protective measures for your business.
- Awareness. Acknowledge that employee theft can happen to you.
- Prevention. Trust your employees, but don’t be afraid to check up on them. Make sure you understand their roles and know who they do business with on your behalf.
- Deterrents. Include an ethical statement and expectations in your employee guide and make it clear what the consequences are for employees who engage in fraudulent activity.
- Detection. Whistleblowers are the No. 1 way that employee fraud is detected. Foster a culture that encourages honesty and open communication.
Learn more about how to detect and prevent employee fraud in “Are you safe from fraud?” in Texas REALTOR® magazine.
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