In this guest article, Greg Ogle from Safecall, which provides a range of whistleblowing services to businesses across the UK, discusses the impact of recessions on employee theft, the role of whistleblowing and provides practical tips on how organisations can safeguard themselves against employee fraud.

As UK inflation rises above 10% and global market economic turmoil continues, the reality of a recession becomes ever closer. The Office for National Statistics (ONS) reported a reduction in GDP growth of 0.3% in August and production fell by 1.8%. Economic forecasters are bracing themselves for a significant downturn – it’s simply a matter of time.

As trading conditions within a turbulent economy become ever more challenging, organisations across the world are looking at how a recession will impact them not just from an output perspective but the wider effect it will have on workforces and their unique situation.

Often, recessions or economic instability are linked to an increase in employee theft and fraud within businesses. But is it really a case of desperate times means desperate measures?

Employee fraud during recessions – impact on whistleblowing services

With ever-rising prices, stagnant wages and a slowing economy, the cost-of-living crisis is real. It’s plausible to understand why businesses are mindful of a rise in employee fraud and theft.

If we look back at previous recessions, it’s clear that three key factors are required for fraud to increase. These are...

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