Many companies and organizations are facing an unnecessary high cost of operation because people have misappropriated the use of company's resources. While most companies consider their employees to be assets necessary for profit. Larger organizations typically can afford the internal control checks and balances needed to deter many of the more significant fraud and embezzlement schemes. Small companies often must TRUST key individuals. And unfortunately, those organizations that can least afford internal controls, can also, least afford a major fraud. Companies are primarily devoted to survive insuring that the profit from the engaged activities.
Organizations and companies are operating at higher-cost due to the abuse of resources by their employees. Many company are loosing money due to low productivity when employees falsify documents or abuse time. Some hourly employees have falsely claimed overtime earnings on their time sheets to gain extra income. This type of behavior is very wrong and unethical.
In such cases, the employees gain a few extra dollars and increase the employer's liability in terms of taxes and other fees mandated by the government. Hourly employees are often tempted to be unethical in this manner when there is minimal supervision of their activities. In these cases the employee or employees receive income without fair production in the interest of the company. This is a selfish practice on the part of the employee. Most companies consider their employees to be assets necessary for profit. Claiming time worked or income increases the overall liability, thus reducing profit. Companies are primarily devoted to survive insuring that the profit from the engaged activities.
Money and time is also lost when people abuse their benefits to take time off with pay. Many employees have taken time off from work for personal holidays. Most companies offer employees one to three paid personal...