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Risk management plays a major role in business decisions and with Cireco’s Integrity Screening service we want to remove some of that risk by helping you to make informed decisions when it comes to employing new recruits and identifying thieves within your organisation.
Our goal, is to provide our clients with a quick and easy to use, on-line process to screen individuals that your organisation is looking to employ. In a matter of minutes, you can discover information on the applicants, honesty, their credit worthiness and confirmation on their identity.
With over 10 years of experience in dealing with dishonesty, Integrity Screening can provide a valuable tool to help you secure your workplace.
"FIGHTING RETAIL CRIME" found the 'typical' staff thief that they detected was usually someone who had been employed for less than 12 months and was frequently a part timer. Detailed interviews carried out with staff thieves showed that thieves usually admitted to starting to steal in the first few weeks of their new job (sometimes being taught to steal by a co-worker) and they would steal for about six months around which time they might be caught. More experienced employees may be continuing to steal for many years.
Whilst the novice thief would steal between £1,000 and £2,000, they felt that the more experienced and senior employees would probably steal more than £10,000 over a much longer period. (Information source - Retail Loss Prevention The Report conducted by the centre for retail research)
In addition to the actual amount stolen, the average investigation cost to cover investigation time and loss prevention measures such as covert cameras and data mining is estimated to be in excess of £2,000.
The CIPD survey conducted in 2005 cited the Industry standard for average staff replacement cost (to cover recruitment, administration & training costs) at £4,625.
Reported business fraud in the UK has topped the £1bn level for the first time, a 40% increase to £1.37bn in 2006. This means reported fraud has now more than quadrupled in value from £313m since 2003.
BDO's research also reveals that businesses are losing more and more at the hands of their own workers, with the cost of employee fraud soaring by 200 per cent since 2003. Just under two-thirds of fraud cases where a motive was reported were a result of greed and the desire to lead a lavish lifestyle. A further 11 per cent were linked to gambling, while one in ten cases involved people committing fraud to pay off debts.
Identity theft has become the 21st century’s most rapidly rising fraud type with the number of incidents rising from 53,000 in 2001 to over 120,000 in 2004, an increase of over 125%. According to the Cabinet Office, fraud cost the UK economy £1.3 billion in 2002.
The British Retail Consortium calculated the overall cost of employee theft in 2006 in the UK was £1,485 million.
93% of UK companies do not have a pre-employment screening policy in place. Only 3% of US companies do not have a pre-employment screening in place. (Security Watchdog)
A 2008 Royal Sun Alliance claimed that 24 million people have stolen workplace property or exaggerated their expense claims.
National Survey of Retail Crime and Security found that total shrinkage was equivalent to 24.1% of profit. It also found that employee theft accounts for 29% of all losses in multiples and 36% of losses within large multiples.
A report by Globalexpense found that a quarter of all expenses paid are fraudulent.
A survey of 1500 UK employers found that 71% had encountered lies on CV’s and 49% said it was a serious problem when recruiting staff ( Guardian March 2004)
According to Monster, two thirds of people lie on an application form.