An unpleasant work environment can have a significant cost in terms of court settlements and replacement of valued employees. Similarly, workplace fraud and theft are increasing at all levels.
Fortunately these business costs can be substantially reduced with a properly managed employee hotline.
Acts of workplace wrongdoing account for the majority of business losses suffered by companies, today.
--Bankersonline.com
Of 148 companies surveyed, More than 1 in 3 experienced employee theft in the past five years. The average reported loss was $348,306
-- Chub Group of Insurance Companies
Stealing from the workplace cost British retailers more than £1.5 billion in the 12 months to June 2006.
--Guardian Unlimited, UK
In the retail industry businesses recover an average of $1,350 from each employee apprehended for stealing, compared to $196 recovered from shoplifters.
-- US Small Business Admimistration
A recent national poll showed that a sizable number of Canadian employees have committed or at least witnessed workplace fraud. They reported incidents like padding expense accounts, taking kickbacks, forging invoices or stealing cash. But only 34% of those who knew of the incidences reported them.
-- Canadian Initiative on Workplace Violence
An estimated 79% of workers admit to either stealing or considering stealing from their employer ... one out of every three businesses goes out of business because of employee theft.
--The Cheating Culture, David Callahan