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+ - IT Monitoring Effective in Deterring Fraud by Restaurant Employees->

Submitted by cold fjord
cold fjord (826450) writes "Science Daily reports, "For many firms, losing significant revenue and profit to employee theft has been a cost of doing business. But a new study from Washington University in St. Louis finds that information technology monitoring is strikingly effective in reducing theft and fraud, especially in the restaurant industry. "Cleaning House: The Impact of Information Technology Monitoring on Employee Theft and Productivity," (.pdf) by Lamar Pierce, PhD, associate professor of strategy at Olin Business School, finds that mining sales data of employees increased restaurant revenue about 7 percent. The paper is co-written with Daniel Snow, associate professor at the Marriott School at Brigham Young University, and Andrew McAfee, research scientist at the Sloan School of Management at the Massachusetts Institute of Technology. ... Pierce and his team found that after installing the monitoring software, revenue per restaurant increased an average of $2,982 per week, about 7 percent. Restaurants also experienced a 22 percent drop in theft." More at The New York Times."
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IT Monitoring Effective in Deterring Fraud by Restaurant Employees

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