Over the years, globalization has liberalized trade significantly, leading to a positive effect on the world economy. While protectionism is not a new trend, it is somewhat surprising to note that most countries do not truly practice free trade – there are always restrictions to some extent in the movement of goods and services in … More The impact of protectionism
Rapid globalization, rising cross-border business operations, diverse workforces and greater enforcement has caused complexities for organizations with regards to adherence to local labor laws. In the event of a possible non-compliance scenario or work permit breach, these laws may not only affect the employers locally or even internationally, but also other stakeholders such as customers, … More Are Swiss businesses doing enough to stay protected from the vulnerabilities of work permit breaches?
High growth and entrepreneurial companies have emerged as the backbone of India’s economic success story and a key factor in the country’s development and progress. They have contributed significantly to the GDP, offered numerous opportunities by creating jobs, increased exports and delivered high value to the stakeholders involved. With changing times, building high growth companies … More Unleashing the potential of high growth companies by mitigating risks
On account of a firm’s rather average financial performance, Alex*, a manager there was supposed to sensitize his team about the probability of increments for the year being lower than the expected ratio. Considering that the top performer from his team, Alan* would not take well to the proposition, Alex advised him, in confidence, that he … More The dark side of recruitment – a deceptive proposition
Would you randomly hand out the key to your home? Or maybe the user ID to your personal laptop or bank account? The answer is a definitive no. Then why do individuals not pay heed to maintaining the confidentiality of access credentials at their workplace? It is a well-known fact in this digital era that … More ‘Fraud buster’ series – Divulging the golden code
One of the key aspects discussed in the earlier blogpost, ‘Fraud buster’ series – Dealing with employee frauds, was that organizations can address employee frauds through job rotation and mandatory vacation policies, along with other internal controls. Taking a cue from that, it may be practical to consider the tenure of an individual in a certain … More ‘Fraud buster’ series – Can job rotation help diminish fraud risks?
Our last post on ‘Fraud buster series – Dealing with employee frauds’ covered some of the reasons for employees to be involved in fraudulent activities. In continuation with the same theme, the focus will now be on how companies are increasingly getting exposed to such fraud risks. If you think that an employee is a … More ‘Fraud buster’ series – Managing the complexities of employee frauds