Workplace Fraud can occur in any company, including yours. The Veritas Psychometric Test from Aptitude will prevent occupationally delinquent employees from joining your workforce.
No company in the Philippines is immune to workplace fraud. In August 2020, Google PH discovered that some employees in their Philippine-based BPO partner converted over Php60 million worth of online gift cards into bitcoin. The damage done to the company’s reputation not to mention the entire Phil-based industry in general remains unscathed.
If fraud can happen to large and established companies, small and medium-sized businesses are not spared. The effects are financially dangerous, and the ill effects are irreparable.
Thankfully, there’s a way for you to detect potentially delinquent employees from joining your firm early on and stop the risk to your organization.
Trustworthiness
The degree of an employee or candidate to be honest and trustworthy
Rules Compliance
The degree of an employee or candidate to follow company rules, procedures, and policies.
Non-violent Attitude
The degree of an employee to not partake in physical violence, verbal threats, or other displays of aggressive behavior.
Responsibility
The degree of an employee to take accountability for their actions
Candidness
The degree of an employee or candidate to be accurate and honest in their response to the test
In fact, the Association of Certified Fraud Examiners (ACFE) listed 25 incidents of workplace fraud in the Philippines last 2018, placing the country fourth in the Asia-Pacific region. According to a separate study, the Philippines currently ranks as the largest source of online fraud, concluding that companies in the country are prone to online attacks.
Moreover, results from the PwC 2020 Global Economic Crime and Fraud Survey shows that fraudulent activities in the Philippines amount to an average of $100,000 per company in a year. Data reveals that the biggest fraudulent incidents are carried out by employees with long tenure.
Therefore, constant vigilance and is required from every level of a company to prevent reputation damage and financial losses from threatening your company’s future and the livelihoods of your trusted employees. Contact Aptitude today and see how the Veritas Integrity Test will help you detect red flags in your organization.
- Members of your staff perform multiple tasks, allowing them to hide suspicious activity or fraudulent actions.
- Staff become too trusting and develop close relationships with each other.
- Staff lacks the necessary expertise to recognize fraud.
- The absence of a formal procedure means things don’t get recorded and slip through the cracks.
- No business, whether you’re managing an established corporation or running a startup, can afford to catch fraud after it’s been committed.
- Adaptive - functions like a polygraph test with advanced algorithm functions that are capable of lie detection. Wording and questions can be adjusted to determine an individual's character.
- Modular - parameters can be easily set to measure the requirements of any job position in your organization. You can customize the test to suit any industry or field.
- Reliable - Veritas Integrity is a collaborative work by brilliant minds in psychology, corporate security, and human resource management.
Our extensive clientele includes BPOs, banks, logistics companies, and security agencies. If you’re like these industries or you simply want an effective way to help prevent fraud in your company, give us a call.
