Employee theft: Helping themselves to your profits – Atlanta Georgia

Some retail studies show that one third of all theft that a business may experience is caused by employee theft .  When a business owner looks to hire an employee, he hopes that the employee will be trustworthy and able to perform their job in a manner that helps in the function and profitability of the business.  No business owner hopes to have employees contribute to their shrink percentages.

Internal theft can be prevented or reduced in a variety of ways.  Managers and owners should maintain a good relationship with employees.  Those that are disgruntled are less likely to care about stealing from their employer than those that are happy with their jobs.  Businesses with low turnover rates have been shown to have reduced rates of internal theft in some cases.

Policies and procedures need to be in place for a business’s vital areas, and these need to be followed by everyone.  Business owners and managers need to realize that all employees could potentially choose to create a loss for their business, regardless of the fact that they have previously been a trusted employee.  Circumstances may change in an employee’s life to where he or she may be able to justify a theft from his employer.  Policies have to be enforced for every employee in order to prevent the opportunity to steal.

Another best practice is to have a background check conducted on all prospective employees.  This will weed out the candidates that may have been caught and prosecuted at another business for internal theft or other illegal activities.

When there is an employee theft investigation that needs to be conducted, businesses are wise to consult a corporate fraud investigator in order to complete an accurate and thorough investigation.

When something raises a red flag that makes a business owner suspect employee theft, there is probably much more that went unnoticed before that red flag was raised. In this case do not wait to order an employee theft investigation .

For more information about employee theft or internal theft or employee theft investigation or corporate fraud investigator or corporate fraud investigation contact us at corporate fraud investigator or call 1.770.426.256 – Atlanta Georgia