Choose debt advice over fraud

The recession has caused many people to defraud their employers as financial hardship bites, rather than seek professional debt solutions.

New figures from CIFAS, the UK's Fraud Prevention Service show that workplace crimes rose by 45 per cent last year, compared to 2008 levels.

CIFAS puts this down to workers suffering from financial problems, but not wishing to seek a professional solutions, such as an Individual Voluntary Arrangement (IVA) or Debt Management Plan (DMP).

The report recommends that employers encourage their staff to talk about personal debt issues, with the hope that they would then be more willing to accept debt advice to help with their problems.

Atlantic Financial Management's director, Kevin Still, says: "Employees need to feel confident that they will get a sympathetic ear when discussing debt problems and not the HR department wheeling out their contract and pointing to a clause about personal insolvency or adverse credit history impacting their employment status.

Pro-active leadership by the Employer can reduce their risk and probably improve employee performance where their financial stress may be reduced."

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