Preventing Employee Theft – Atlanta Georgia

“One cannot be betrayed if one has no people.” This is one of my favorite quotes from one of my favorite movies. However, in the real world a business needs people to survive, and for this reason employee theft will always be an issue. The trick is to identify it as quickly as possible and eliminate the culprits. Studies show that companies with fewer than 100 employees tend to suffer the worst losses due to employee theft. The reason for this is 2-fold. A smaller company usually has far less money to spend on anti-theft controls, and a smaller company is also far less able to absorb the loss than a larger, more profitable one. Therefore, if you run a smaller business this is especially important to you.

Background checks are a vital part of doing business today. Nobody want to accept the fact that someone you’ve selected to fill a trusted role in your organization may be stealing from the till or slipping merchandise out the back door, but it happens. So it is in your best interest to perform comprehensive background checks on all new hires to include criminal, credit and drug screenings. Don’t assume that you can throw money at the problem either. Well-paid employees are just as likely to commit employee theft as your minimum wage workers. A quick look at the news involving the Enron scandal and the Bernie Madoff debacle should show you that greed has no cap.

Work with your employees to develop a plan to discourage employee theft. When people feel they have a vested interest in the company they are far less likely to view you as “the man” and more likely to see you as a partner and a friend. Everyone wants to stick it to “the man”. Only a real heel robs from his friends. Create a clear, consistent and comprehensive policy regarding theft with no room for error or false interpretation and you will be one step closer to preventing employee theft.

For more information about corporate fraud investigation or corporate fraud investigator or employee theft investigation or internal theft or white collar crime contact us at Employee Theft or call 1.770.426.0547 – Atlanta Georgia