Are you a small business owner dealing with the security of your store? Are you tired of not knowing where the losses are coming from? Employee theft and shoplifting are two of the major losses retail stores across the United States face every day. The millions of dollars the retail industry loses every day are due to employee theft and shoplifting, so how do you prepare yourself from employee theft? Employee background checks can be a first step in dealing with employee theft. Paying for background checks for your employees is investing in the future of your store. Training them and going through the hiring process takes time and money. By hiring the right people the first time, you save time and money that can be spent elsewhere.
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5 Smart Ways to Prevent Employee Theft
Do you know how much money you lose every year to employee theft? Read our article to find out how to prevent or reduce those losses.
As a retail business owner, you understand the risks you take by hiring a staff you don’t know. It’s difficult to build a whole lot of trust in a small amount of time, but you must. Still, employee theft is a more prevalent reality than you may realize.
Research conducted by four different agencies – the Association of Certified Fraud Examiners, Easy Small Business HR, the Institute for Corporate Productivity and Jack L. Hayes International Inc. – show that workers are daring with their pilfering. Shoplifting is a big enough risk for retail shops, being 35.6 percent of the source of inventory shrinkage, but employee theft comes in at 42.7 percent.
Annually, businesses in the United States are losing about $50 billion to employee theft. Also, 75 percent of employees admit having stolen at least once from their employers. Those are sobering statistics. However, there are a few precautions and actions you can take to reduce the chance of being ripped off by those you’re paying to work for you.
Convenience store manager fires gun after shoplifting incident
INDIANAPOLIS (WTHR) – An E. Washington St. convenience store manager is under investigation for firing his gun at a shoplifter.
It happened Monday night at Sam’s Food Mart & Tobacco Store.
Eyewitness News spoke with one of the store clerks about why the manager decided to fire his weapon.
The clerk said the shooting happened after his co-worker chased a customer through the front door and into the parking lot. The shoplifter left with a couple of items without paying for them.
Someone flagged down an IMPD officer to report the incident.
Eyewitness News has learned the shoplifter stole a bag of Planters peanuts and a package of Hostess Zingers.
Shoplifters of TVs Held in Death of 81-Year-Old Sears Worker
Authorities say an 81-year-old Sears sales associate was killed by two men who shoved him down while stealing television sets.
COLUMBIA, S.C. (AP) — An 81-year-old Sears sales associate was killed by two men who shoved him down while stealing television sets from a South Carolina store, authorities said Wednesday.
Sheriff Leon Lott said he charged “two punks” with murder as well as strong-arm robbery when Duaine Hamilton died, four days after his head hit the store’s concrete floor.
“It wasn’t a struggle. They just struck him. He’s 81 years old. He attempted to stop them by standing in front of them and they just attacked and knocked him down. And they still stole the TVs,” Lott said at a news conference.
Jeffrey Simmons, 58, was arrested Friday, and Jason Randolph, 40, was taken into custody Wednesday after a traffic stop, deputies said.