EMPLOYEE fraud has shot-up by more than 240% over the past nine years.
Now business experts warn that Cheshire firms can expect more scams by their staff due to the economic downturn.
According to employment specialists, Chester-based Business Connection, the average direct cost to the region will be in excess of £0.7 billion, with nearly half of businesses in the North West having suffered from a form of employee deception.
CEO Kirsty Craig, who gave a presentation on the subject at the North West Fraud Forum seminar in Liverpool said: “The recession will intensify this already growing trend, but firms can take action before it’s too late. With more and more companies reliant on short-term resource solutions and preferring to hire temporary staff, it is even more crucial the correct procedures are in place to verify new recruits’ backgrounds.
“Our clients have complete confidence in the candidates we put in front of them, as all of them will have gone through among the most rigorous of verification procedures available in the industry.”