Summer Employment And Theft

Billions of dollars are lost every year due to theft. Research shows that employee theft is one of the most costly thefts for an employer. A policy that clearly states your position for employee theft, and is clearly communicated to an employee when hired can make this costly issue more preventable. Making employee theft prevention a priority in your business will not only decreased shrinkage but will be a great deterrent against employee theft.

Read more about this issue by following the links below.

How to prevent summertime employee theft

With the summer season getting into full swing, many businesses are readying for one of the busiest times of year. Amidst the paperwork and new inventory, it is equally important to be mindful of the employee theft risk associated with this big business boost.

According to the U.S. Chamber of Commerce, 75 percent of employees steal from their workplace and many do so repeatedly. For both summer businesses as well as traditional businesses with a high summer season, the use of seasonal employees is part of the business culture. Studies suggest seasonal employees have increased theft rates creating a dual challenge for business owners and managers – dealing with a large volume of business in a short period of time and managing risk to the business.

While there is no way to eliminate the risk of employee theft, a business can look to ways to minimize it. A business owner or manager can minimize the risk by understanding factors that can lead to employee theft and making adjustments in their business operations. There are multiple factors to consider; but rationalization, opportunity, and the expectation of getting caught are chief amongst them.

5 Clauses to Include in Summer Employment Contracts

Summer is here, and business own should be polishing their employment contracts for seasonal hires.

Here are the five must-have clauses for any summer employment contract:

1. Length of Contract (Term of Employment).

It’s important to be as specific as possible in defining the duration of a summer employee’s contract, so that there is no ambiguity as to when the position ends. A termination clause can also be folded into this area of an employment contract, specifying how either you or the summer hire can terminate employment with or without notice.

2. Compensation.

Don’t just gloss over this step. Be very exacting in describing the kind of compensation that a summer hire will receive. Include whether the employee will be paid hourly, salaried, or per completed project, as well as any benefits included with the position. This may be a good place to include your summer hire’s vacation policy, which does not have to include paid time off.

Checkpoint Systems Launches Next Generation of EAS Solutions

THOROFARE, N.J. – May 27, 2014 –Checkpoint Systems, Inc., (NYSE:CKP) a leading global supplier of merchandise availability solutions for the retail industry, today announced the launch of the next generation of intelligent electronic article surveillance (EAS) solutions.

The EVOLVE iRange, developed alongside global retailers, comprises six different state-of-the-art EAS antennas, a broad range of EAS labels designed for visible and source-tagging application to various types of merchandise, and the Counterpoint iD deactivation unit for faster and consistent deactivation at point-of-sale (POS).

Together, the portfolio promises to deter theft from potential shoplifters, a high degree of confidence that protected merchandise has been deactivated efficiently to avoid unpleasant false alarms for honest shoppers, and security that the antenna alarms are indeed shoplifting attempts so store personnel can respond appropriately.  Initial tests have resulted in increased product availability at test stores, improved in-store efficiency at the POS and an increase in positive attitudes towards the shopping experience for consumers.

EAS Jammer detection technology is one of the latest additions to the EVOLVE iRange. Integrated into antennas within the portfolio, the system identifies if an EAS ‘jammer’ has been brought into the store and activates an alarm, which alerts staff to the potential threat. . This acts as a strong deterrent for possible shoplifters and organized retail crime members, resulting in abandoning the shoplifting attempt.