Stop Your Business From Bleeding Profits

Employee theft is unfortunately part of the reality of operating a small or large business.  Employee theft is measured at being responsible for over half of all retail industry shortage.  Any business owner should be aware of this activity and take the appropriate measure to address it.   Employee theft can manifest itself through internal collusion or assisting in the theft by an external party.  Most often though internal theft is the primary form of employee theft that impacts businesses.

Internal theft happens in many different ways.  Most retail businesses have cashiers.  These cashiers have access to many assets.  Retail cashiers have access to the register funds.  Their access to this and the level of direct supervision often create and environment that is conducive to internal theft.  It is just not a business’s cashiers that can cause a loss.  Any employee in your organization has access to assets.  The stock workers have access to your inventory, the facilities staff often work unsupervised and afterhours, and the management staff has direct access to the safe and reserve funds.  As demonstrated, every employee could potentially cause a loss.

If a business is experiencing employee theft, the next step should be to begin employee theft investigations.  An employee theft investigation should begin when an owner or leader notices that a loss has occurred or as a routine measure.   The employee theft investigation’s goal should be to uncover and resolve internal theft issues.  The employee theft investigation can employ the use of loss prevention personnel, interviewers, CCTV systems, personnel surveillance, and controlled auditing.  Whatever the leaders choice, the end goal should not only be removing the guilty party, but also identify any control or supervision issues.   The employee theft investigation can also support an course correction that might be needed.

For more information on employee theft , employee theft investigation or internal contact us or call 1.770.426.0547 – Atlanta Georgia