Fraud Busting Episode 14: Body Language Expert Traci Brown Interviews Top Economist Mary Kelly
The world has changed. What can you do NOW to prevent fraud in your business? You might be surprised at what it is. Keep watching to find out.
Hi I’m Traci Brown the Fraud-Busting Body Language Expert. We’re in uncharted territory with the economic uncertainty due to the COVID virus. When the economy goes down, fraud goes up. It’s just how it works.
So I reached out to top economist Mary Kelly to get her take on how to protect yourself and your business during a crisis. And I was a little surprised at what she said.
She said good people can think different behaviors are ok during a crisis. We’ve got enough problems with the economy as a whole, you don’t need internal fraud on top of it.
If you have a business, there’s one big thing you can do to keep your people on the high road. Understand people are worried about their income. So your job to protect yourself is to create an environment of certainty. Sounds simple, right?
She said no matter what you say, If you’re worried about money and layoffs are on your mind, your team will feel it.
Fortunately relief is out there in the form of small business loans and grants. Congress just passed it. And there’s probably more to come. Talk to your banker or your small business development center to figure out where to go to apply. I’m hearing checks are coming really fast.
Having a little breathing room will let you pay your people and do these things:
And that loyalty will go a long way not only in productivity but fraud won’t even enter their mind.
Good luck. Stay healthy and I’ll see you next time.