How to reduce the risk of employee fraud?

Here are three steps that you should take: 1 Make sure that you have sufficient evidence Do not attempt to confront the employee the moment fraud is discovered. 2 Suspend the employee Once you have enough evidence, suspend the employee to stop fraud continuing and stop the person from destroying the evidence. 3 Consider your legal options

Is it true that employee fraud is on the rise?

Fraud committed by employees within the company is on the rise and usually, the more senior the employee, the more serious the damage caused to the company. In this article, our workplace investigations team at Blackhawk Intelligence looks specifically at employee fraud and discusses:

Can a company commit fraud against an employee?

There is fraud that employees commit against their employers, where the financial gain comes at the cost of private funding. These types of fraudsters may siphon money from company accounts for personal use, or claim personal expenses as professional expenses.

When do you think someone is committing fraud?

Ultimately, if the service or level of service being billed is medically unnecessary, it could be fraudulent. People who commit fraud may also assume that their actions aren’t serious if they aren’t physically hurting anyone.

What to look for in an employee for fraud?

Some red flags to watch out for that can indicate potential employee fraud include the following: 1 An employee living beyond their means 2 An unwillingness to share duties 3 Being under pressure on the job 4 Family problems or divorce 5 Defensiveness 6 Past legal problems 7 Refusal to take vacations