Question

4. (The last two questions are linked as a part 1 and 2, and they are each worth 4 points). You work in the HR department of a large corporation. Productivity is going down and the corporation is losing money, and everyone knows that a major reason for this is: many workers are showing up late or not at all while their colleagues are swiping their employee cards for them. For part 1, use the Fraud Triangle to identify why employees are doing this (you can be a little creative and invent some more details for the case) and propose a short-term solution that will solve this problem quickly.

5. For part 2 of the same situation, use the Fraud Triangle to deal with the issue in a ‘deeper’ way and propose a long-term solution that will solve the problem and create even more benefits for the corporation going into the future.

Answer 1

Explanation:-

Fraud Triangle mainly consist of:

Opportunity
pressure (incentive/ motivation)
Rationalisation (attitude)
So, in the case study provided, we are given that the employyes are not showing up to work or coming late due to which the productivity is going down and hence profits are declining.

The reason for the same can be that:

Employees are not motivated enough.
Employees are not paid enough for their work and they are not provided with any extra benefits, i.e. allowances.
The environment of the company may be unhealthy
Their can be inadequate accounting policies
The top management does not treat its employees in a good way.
Employees are not provided with basic rights, etc.
Short Term Solution- In the short term, the company (HR department) can :

Take counselling sessions
Create informal groups
Respecting the employees
Rewards- Recognition for good work
Encouraging the employees, etc.

LONG TERM SOLUTIONS

Feedback from employees should be considered
Examining the culture and environment of the company
Increasing the compensation, perks and benefit analysis
Making changes in the company and sharing them with the employees
Creating sense of belonging
salaries and benefits must be competetive.

If you have any dought about thus answer dont give dislike ,tell us your dought in the comment then i can explain, Please rate me by giving me a like or thumb because it motivates me to do more work,Thank you.