Business Advice for all UK firms from starting a business to flotation
Small business owners advised to check staff expenses
40% of small and medium-sized companies in the UK have lost money as a result of inaccurate expense claims from staff, according to new research from networking site LinkedIn.
Around a quarter of the businesses polled admitted to having no idea regarding the state of their employees expenses and only 50% said that they were confident that staff weren't taking company funds not entitled to them.
"Most of us claim honest expenses from costs we pay through our day-to-day jobs, but it seems that a significant proportion of UK businesses are suffering as some employees push the boundaries of what should and should not be claimed," said Cristina Hoole, European Marketing Director at LinkedIn.
Post Date: May 28th, 2009
Around a quarter of the businesses polled admitted to having no idea regarding the state of their employees expenses and only 50% said that they were confident that staff weren't taking company funds not entitled to them.
"Most of us claim honest expenses from costs we pay through our day-to-day jobs, but it seems that a significant proportion of UK businesses are suffering as some employees push the boundaries of what should and should not be claimed," said Cristina Hoole, European Marketing Director at LinkedIn.
Post Date: May 28th, 2009
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