One of the biggest threats to a company is employee theft. Employee theft, also called internal theft, is generally proven to be the number one shortage category in retail. In addition, internal theft affects employee morale, benefits, and wages. Employee theft also affects the ability of you, the business owner, to enjoy time away from work when you don’t know what is happening when you aren’t there. For this reason I suggest using LP professionals to conduct a routine employee theft investigation to see what’s really going on in your store.
An employee theft investigation can take many shapes. One way is you may know that you are losing a certain product or cash. At that point the LP Agent can conduct an employee theft investigation to solve that particular problem. Sometimes you may know who is stealing, but you either can’t prove it or you don’t know to what extent the theft is occurring. Again, an LP Agent is trained to get these answers. Finally, it is sometimes good to just shake the preverbal tree and see what falls out.
I have had a lot of success conducting integrity shops. To do this the LP Agent will get someone unknown to the employees and set up a situation to test their integrity. This can come in a variety of ways. A common tactic is to turn in a live gift card and say it was found in the parking lot. A good employee should turn the gift card into management. What the LP Agent might find is that the employee keeps the card and uses it themselves. The same basic tactic can be used to do several different situations, but the bottom line is it lets you know the caliber of the associates in the building and allows you to opportunity to “weed out” the bad apples in the bunch.
For more information on, employee theft investigation, employee theft or internal theft contact us or call 1.770.426.0547 – Atlanta Georgia
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