No matter the industry or the company size, your organization is vulnerable to fraud in its many forms – embezzlement, forgery, inventory theft, computer crime, and more. The financial and emotional impact on your business can be devastating. The best way to stop workplace fraud is through a strong prevention program. This involves:
- Understanding areas of potential risk
- Developing sound risk management practices
- Implementing loss control measures focusing on prevention, detection, and response
- Conducting new hire and periodic background screening
One of the many steps organizations can take to limit the possibility of workplace fraud is with a well-defined employee background screeningprogram.
New hire screening practices are particularly important for people in positions involving trust – such as cash, inventory, and confidential record handling – and should include criminal history, credit, employment and education verification, and drug testing.
However, employers also may want to implement employee re-screening based on business need as well as federal, state, and local law. For instance, it is wise to conduct periodic drug testing after on-the-job accidents or for employees in company-mandated substance rehabilitation programs.
In the case of fraud, other factors may signal a need to conduct a criminal background check on a current employee. According to the Association of Certified Fraud Examiners’ 2012 Report to the Nations – Key Findings and Highlights:
In 81% of cases, the fraudster displayed one or more behavioral red flags that are often associated with fraudulent conduct. Living beyond means (36% of cases), financial difficulties (27%), unusually close association with vendors or customers (19%) and excessive control issues (18%) were the most commonly observed behavioral warning signs.
Re-screening current employees is a way to demonstrate due diligence, to provide a safe and secure workplace, and to protect your bottom line. That’s where we can help.
TruDiligence is a leading background screening company, assisting employers for nearly 20 years with background checks that are fully compliant with federal, state, and local guidelines. Contact us today to find out how we can help you stop fraud in your workplace.