A friend once hired a guy who she thought was well qualified to be the COO or her rapidly growing company. Two years later a visit from the IRS revealed that her COO had been embezzling from her and not paying taxes. As are many business owners, my friend was crazy busy and hadn’t taken […]
The statistics are shocking: * 75 percent of all employees have stolen from their employers at least once. * $50,000,000,000 is lost to employee theft each year in the US. * 33 percent of all business bankruptcies are caused by employee theft. Most of us look out over our team and think nothing but good […]
When a small business owner is ready to hire a new employee, there are a number of obvious issues that need to be addressed, such as salary and job responsibilities. A very important issue sometimes gets overlooked: to background check an applicant or not? It’s hard from an owner’s standpoint to argue against thoroughly checking […]
Three out of every four employees will steal from their employers this year according to a report from the U.S. Chamber of Commerce. Nearly 40 percent of them will do it more than once. Men (59.1%) are more prone to steal than women (40.9%). Experts predict employee theft may exceed $40 billion this year. In […]