Month: November 2012

Typical Business Loses 5% of Annual Revenues to Fraud. Adopt Fraud Prevention Measures Now.

The Association of Certified Fraud Examiners 2012 Report to the Nations on Occupational Fraud and Abuse reveals that the typical surveyed organization lost 5% of its annual revenue to fraud, at a median loss of $140,000 per case.  http://www.acfe.com/rttn.aspx. The ACFE’s 2012 Report is based on data compiled from a study of 1,388 cases of occupational fraud that… Read more »

5 Reasons Your Boss is Clueless

When HR departments conduct 360-degree feedback surveys, they often find a clear disconnect between the ratings provided by a supervisor and those provided by other groups of raters. Why is this so? Five common causes emerge: 1. Matrix Organizations 2. Differing Viewpoints 3. Unvoiced Expectations 4. Differing Priorities 5. Poor communication Has your company had similar experience? Are… Read more »