· Perhaps the most shocking statistic claimed by the U.S. Small Business Administration indicates that between 30% and 40% of all business failures and bankruptcies are a direct result of losses caused by employee thef

The liabilities inherited with each job offer include employee theft, huge turnover rates, unqualified employees, negligent hiring practices and discrimination based lawsuits, and violence in the workplace.

Each of these challenges has a distinct and overwhelming effect on every business, within every market segment in every country of the world.

Quality hiring decisions build profitable and successful companies, bad employees tear them down.

All other problems aside, employee theft alone has been described as an epidemic... a corporate cancer… a disease murdering commercial enterprise. It has also been characterized as the fastest growing segment of rhe U.S. economy.

The estimates of the damage to the American public vary widely:

· The U.S. Department of Commerce has estimated $50 billion dollars annually

· The Association of Certified Fraud Examiners claims it costs in excess of $121 billion dollars every year

· Florida State University’s 2004 National Retail Security Survey indicates that the percentage of a business’ losses caused by employees is the highest it has been in its eight previous surveys!

· Perhaps the most shocking statistic claimed by the U.S. Small Business Administration indicates that between 30% and 40% of all business failures and bankruptcies are a direct result of losses caused by employee theft

Each of these challenges has a distinct and overwhelming effect on every business, within every market segment in every country of the world.

Quality hiring decisions build profitable and successful companies, bad employees tear them down.

All other problems aside, employee theft alone has been described as an epidemic... a corporate cancer… a disease murdering commercial enterprise. It has also been characterized as the fastest growing segment of rhe U.S. economy.

The estimates of the damage to the American public vary widely:

· The U.S. Department of Commerce has estimated $50 billion dollars annually

· The Association of Certified Fraud Examiners claims it costs in excess of $121 billion dollars every year

· Florida State University’s 2004 National Retail Security Survey indicates that the percentage of a business’ losses caused by employees is the highest it has been in its eight previous surveys!

· Perhaps the most shocking statistic claimed by the U.S. Small Business Administration indicates that between 30% and 40% of all business failures and bankruptcies are a direct result of losses caused by employee thef

All other problems aside, employee theft alone has been described as an epidemic... a corporate cancer… a disease murdering commercial enterprise. It has also been characterized as the fastest growing segment of rhe U.S. economy.

The estimates of the damage to the American public vary widely:

· The U.S. Department of Commerce has estimated $50 billion dollars annually

· The Association of Certified Fraud Examiners claims it costs in excess of $121 billion dollars every year

· Florida State University’s 2004 National Retail Security Survey indicates that the percentage of a business’ losses caused by employees is the highest it has been in its eight previous surveys!

· Perhaps the most shocking statistic claimed by the U.S. Small Business Administration indicates that between 30% and 40% of all business failures and bankruptcies are a direct result of losses caused by employee thef

· The Association of Certified Fraud Examiners claims it costs in excess of $121 billion dollars every year

· Florida State University’s 2004 National Retail Security Survey indicates that the percentage of a business’ losses caused by employees is the highest it has been in its eight previous surveys!

· Perhaps the most shocking statistic claimed by the U.S. Small Business Administration indicates that between 30% and 40% of all business failures and bankruptcies are a direct result of losses caused by employee thef

· Perhaps the most shocking statistic claimed by the U.S. Small Business Administration indicates that between 30% and 40% of all business failures and bankruptcies are a direct result of losses caused by employee theft and fraud.

Losses that include fraud and embezzlement are obvious but did you know that the loss of productivity can be even more damaging to a company than theft and that this potential for loss can be identified ahead of time?

There is a cure for this cancer and I have the answer to this question that bothers everyone who has the responsibility to attract and find the very best (honest) employees.

Understand first, that past performance is ALWAYS indicative of future behavior. You must completely and accurately gather all of the facts from a potential new-hire concerning previous work history, performance, attitude, criminal involvement, etc.

In 91% of the cases we investigated for employers, we found that the identified employee was predisposed to causing loss and that he or she had participated in acts that caused losses to previous employers.

But how do you make an informed decision when it has been PROVEN that at least 35% of all job applicants will lie to you?

TRAIN YOUR HIRING MANAGERS AND THOSE WHO HAVE THE AUTHORITY TO MAKE HIRING DECISIONS.

In every case in which we investigated a specific loss and were able to identify the responsible employee, we determined that