Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
Get HideMyAss! VPN, PC Mag's Top 10 VPNs of 2016 for 55% off for a Limited Time ×

Submission + - IT Monitoring Effective in Deterring Fraud by Restaurant Employees (sciencedaily.com)

cold fjord 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.
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

IT Monitoring Effective in Deterring Fraud by Restaurant Employees

Comments Filter:

Professional wrestling: ballet for the common man.

Working...