Are Your Employees Ripping You Off? Top 3 Strategies To Protect Your Business

You can do more to protect yourself from embezzlement than you might expect. Most of these strategies are things you can do without hiring any outside experts. Often, that’s all you need to do to stop a big embezzlement plot cold!

Strategy #1: Hire the Right People
Do more than just check references. Do a background check on all employees as well as run credit reports on anyone who is charge of the accounting and money. Past mistakes are okay. Hiding them or lying about them is not okay.

Strategy #2: Maintain an Ethical Management Climate
Set the standard for ethics in your business and make sure your managers follow suit. There is a saying that a fish rots from the head.

Strategy #3: Enforce Mandatory Vacations
Most embezzlement scams need the embezzler present and by taking the person out of the loop for a week, the whole scam may fall apart. Besides, you’ll have sharper employees and they’ll have happier families by making them take some time off.

Learn more key strategies you can implement today in “Smart Business Stupid Business.