Why You Should Require Employees Take Vacation
When you launch a business, you tend to know everyone in the office. As such, it can give you the feeling that you can trust everyone. But small and mid-size businesses make up 68 percent of employee theft, according to Hiscox, an insurance company.
What if there was an easy way to reduce your exposure? And what if you already had this system in place, but you just weren’t taking advantage of it?
Yep. Send your employees on vacation. Here’s why.
Send people on a true vacation–no laptops, no phones, no logging on, for two weeks. The Federal Deposit Insurance Corporation has a longstanding recommendation that banks have a two-consecutive-week vacation policy:
“This basic control has proven to be an effective internal safeguard in preventing fraud. In addition, such a policy is viewed as a benefit to the well-being of the employees and can be a valuable