Three out of four of your employees will steal from you this year, according the US chamber of commerce. One of these people will steal repeatedly or has already done so. Let this situation continue and your business has a one in three chance of declaring bankruptcy and going under.
Employee thefts statistics show that companies in the United States will lose between $20 and $40 billion to small scale pilfering and large-scale embezzlement. If you already have effective controls in place, you may notice the cash, office supplies or inventory items that go missing. If you are like all small business managers, however, you have too many duties on your plate to notice the other thefts happening behind your back. Trade secrets, internal documents proprietary technology can all slip out of your organization for years without anyone noticing. In fact, 75% of employees are never caught.
Employees steal for any number of reasons. The federal bureau of investigations presents a few of the most popular, financial needs, revenge, dissatisfaction with a job or co-worker, allegiance to another company, thrill of potentially being caught, ego, desire to win approval, peer pressure, addiction and family problems. Don’t assume that your senior workers present less of a risk than new employees, employees steal at all levels and in all industries. Research done by the US chamber of commerce reveals that workers on the payroll are 15 times more likely to engage in theft than contractors and other non-employees. Research also shows that new recruits, that are dishonest will steal from their employer within the first two weeks of employment.
Employee thefts are so prevalent that each American worker ends up paying$400 annually to offset the business losses. A few rouge workers are responsible for most of the damage. Instead of taking money out of the wrong employees hand or cutting into your quarterly profits, a few changes can make a substantial difference. Try implementing at least one of the following measures and see how your bottom line improves. By doing background checks, security protocols, operations manuals, continual training and confidential offense reporting, you can prevent your company from becoming part of next year’s statistics.
Accuracy Of The Lie Detector
Over two hundred and fifty tests have been conducted by or under the auspices of the American Polygraph Association in the past seventy five years on the accuracy of polygraph testing. Since a polygraph examination is a very complex process, and many different conditions and factors are involved in this research, it is difficult to draw from the data a precise figure for the accuracy of polygraph testing in all settings.
However, various independent studies have concluded an accuracy rate of at least 98%, if conducted by a competent examiner, for specific issue investigations. Pre-employment testing is considered to be more or less just as accurate.
While the polygraph technique is not infallible, research clearly indicates that when administered by a competent examiner, the polygraph test is one of the most accurate means available to establish truth and deception.
There are basically two ways to beat a polygraph. Either tell the truth, or don’t do the test.