Protect Your Business From Employee Theft
Theft among the staff is a real problem for all business owners and managers, especially in the retail and restaurant industries. From robbery and shoplifting, to internal causes such as shipping and accounting errors - the opportunities for loss sometimes outweigh a retailer’s resources for managing it. One of the most prevalent and growing crimes is employee theft. Out of all theft related incidents, over 33% is due to employee theft up from 19% in 2008, according to Retail Council of Canada and PricewaterhouseCoopers LLP. Retailers are turning to more sophisticated ways to monitor inventory and prevent internal loss. We’ve come up with a list of tips you can follow to reduce the risk and instance of employee theft. Screen Potential Employees When hiring new employees, be sure to take the necessary steps to screen them properly. Background and criminal checks, drug screening, and references are important to making sure you have...