Business ownership takes endless hours of hard work, dedication and persistence, but the payoff is well worth it. It is a hard truth of business ownership that your staff will steal from you, even honest employees who wouldn’t take money from the petty cash box still might help themselves to an unpaid meal or merchandise item with a higher than standard employee discount. Some employees are on the smaller end of dishonesty taking home small office supplies like paper clips, paper, and other supplies that still have an impact on what your monthly spending will be. Embezzlement comes in many forms, from stealing small office supplies to covering up the theft of millions of dollars. It does happen and it is important to protect this from happening to your business. If you suspect that embezzlement is occurring within your business, contact Advanced Private Investigator & Security of Boca Raton FL today to assist you uncovering any type of dishonesty that is occurring within your business.
Keep an Eye out For Common Warning Signs of Embezzlement
Keeping your business running smoothly can be difficult, especially if your employees are not being completely honest with you. There are a handful of signs to look out for that may indicate some form of embezzlement is going on. Look for any signs that money is going to places that it shouldn’t. Unexplained changes in financial metrics including increased past due accounts, decreased collections and unexplained troubles paying expenses on time are strong indicators that something isn’t right. Often times when an employee is embezzling money from your business they become extremely overprotective of their work. When an employee insists on working alone, refuses to let people touch their records or reacts strongly to innocent harmless questions, then they are probably hiding something from you. Embezzlement often times requires hiding or covering up records. If the individual who is stealing from you allows anyone to see their records; they could be busted, so it is natural that they would act in a defensive way.
Stress Management in the Workplace
The emotional stability of your employees directly affects their work ethic, attitude and productivity. Look for any signs of financial distress like borrowing money, a gambling problem, a drug problem, and difficulties paying their mortgage or even the arrival of a new child. These are important situations to look for because they show a potential to embezzle in the future and you can save a great deal of heartache for you and your employee by stopping any illegal behavior before it happens. Employees who show signs of dissatisfaction often end up embezzling money from the business. Employees who feel they are being treated unfairly will turn to crime and find a way to take money from the company.
Embezzlement investigations in Greater Miami, Sunny Isles, Fort Lauderdale, Boca Raton & Miami Gardens Florida
Be alert, and pay attention to transaction problems, poor record keeping and defensive employees. If you suspect that you are a victim of embezzlement within your company, contact Advanced Private Investigator today to assist you in uncovering any dishonesty that is occurring within your company.
