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The Secret to Catch Cheating Employees Well Before Time Card Fraud

The Secret to Catch Cheating Employees Well Before Time Card Fraud

Timecard fraud is equivalent to an employee running away with all the cash stored in a cash register of a company. But how? Let’s find out. Timecard frauds, throughout their history, have caused a lot of damage to the revenues of a company. It is quite evident that if an employee or a worker is working lesser hours than he or she was appointed for, and taking a full salary, it is doing financial damage to the company. Their lower performance is adding up to the decrease in the revenues generated by a company, and on the other hand, there isn’t a decrease in the salary expenses, and they are taking away their full salary against which they aren’t producing enough.

Now, if we are talking about a single employee or worker, the negative impact on the company’s revenue sheet may be insignificant. Still, if a significant percentage of employees start doing this fraudulent act, the impact can become noticeable. According to statistics, around 45 percent of the workers working on hourly wages are found involved in Timecard fraud, and every one out of five of these employees is found guilty of punching in their work colleagues, which is itself a big fraud.

How to catch those involved in this fraud

As an employer, the first step to take to stop these kinds of fraudulent activities is ensuring that all the employees in the organization are well aware of the corporate procedures and policies of the company. They must be having a signed employee agreement form at all times to make sure that they abide by all the laws, regulations, and policies of the company under the surveillance of the human resources department.

Private investigators can help in such a scenario by conducting in-depth surveillance. They can have a check on an employee who is allegedly committing a Timecard fraud. For those who are working on the sales team, a private investigator can keep an eye on them by checking with the company with which a particular sales agent fixed a meeting.

So, if you require a private investigator, Keefe Private Investigations is just the right place for you. We are a professional service provider, and our prime objective is to offload all our clients’ worries and assure that they leave the case on us!

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