“This will never happen to me” - that's what most contractors think when they hear a contractor has been a victim of theft. Yet, the statistics show that it probably will if you don’t pay attention and perform some easy checks that take less than 5 minutes a day. Employee theft is one of the most serious problems facing business owners in the U.S. and rates are on the rise with small business owners seeing a higher rate than their larger counterparts. The damage caused by employee theft is the reason nearly a third of businesses suffer bankruptcies in the U.S. costing businesses billions of dollars annually. Theft at a minimum can cause temporary cash flow problems. At its worst, you can lose your business. Do you have protections in place? Have you created a culture of accountability among your employees? In this must-see session, Ruth King will discuss the most common methods of theft and how to spot them so this doesn’t happen to your business.
This topic is part of the Finance Bootcamp series to be released in the Fall.
