Employees and Business Longevity- Loss Prevention Training

July 2, 2014 by
For the companies being sold to investment firms, many will not be around in five to ten years. They will be sold, or may go under completely after all of the assets have been striped of any redeeming value. As far as an investment firm is concerned, the longevity of the company is not important, the short-term profits are.
To fulfill these profit goals, the investment firms will make massive staffing and payroll reductions. They reduce the employee hours to about as minimum as what they can get away with. Employee benefits are next to go. What you are left with are employees who are viewed as disposable assets, instead of valuable ones. Needless to say, employee training and development whether it is in the form of computer based learning, seminars, workshops, or one on one development is non existent.
Depending upon which side of the coin you are on, this is either a completely brilliant or completely inane business strategy. The deciding factor falls within what you want the longevity of your business to be.
For companies who are looking for longevity, treating employees as assets to be nurtured and developed is essential.
The more training employees have, they more they will feel in control, and valued. They are more willing to go the extra mile for the business, and want to further their own growth and development as an employee. This makes your business profitable for the long haul.
For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia
Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

For the companies being sold to investment firms, many will not be around in five to ten years. They will be sold, or may go under completely after all of the assets have been striped of any redeeming value. As far as an investment firm is concerned, the longevity of the company is not important, the short-term profits are.

To fulfill these profit goals, the investment firms will make massive staffing and payroll reductions. They reduce the employee hours to about as minimum as what they can get away with. Employee benefits are next to go. What you are left with are employees who are viewed as disposable assets, instead of valuable ones. Needless to say, employee training and development whether it is in the form of computer based learning, seminars, workshops, or one on one development is non existent.

Depending upon which side of the coin you are on, this is either a completely brilliant or completely inane business strategy. The deciding factor falls within what you want the longevity of your business to be.
For companies who are looking for longevity, treating employees as assets to be nurtured and developed is essential.

The more training employees have, they more they will feel in control, and valued. They are more willing to go the extra mile for the business, and want to further their own growth and development as an employee. This makes your business profitable for the long haul.

For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia

Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Filed Under: Seminar Tagged With: , , , , ,

Omni Channel Retailing

July 1, 2014 by Leave a Comment

theft (11)Omni Channel Retailing is the current long-term direction that retailers are going forth with. It basically is the process of integrating all aspects of a retailer into one accessible unit for customers to shop. This is the current way to combine a brick and mortar location with online sales, social media, distribution, and mobile phone apps. By cohesively allowing customers to shop any location, by any means available, sales are maximized exponentially.

Simply put, a customer can purchase merchandise online, or from their phone by searching your company website. The products available come from your distribution channels, and in stock inventory within any of your stores. A customer has the ability to see what your on hand inventory is, make the appropriate purchase, and then decide how they will get the product. The options are usually pick up in store, deliver to home, or deliver (from the distribution center) to a store of their choice.

Omni Channel Retailing is a viable option, not just for the larger companies with hundreds of selling locations. It is actually a great way for smaller businesses to compete with these big box stores as customers have better access to a wider range of your merchandise, when and where the customer needs it.

Having worked with larger companies just beginning these selling processes, I was able to experience their growing pains first hand. The hardest obstacle to overcome was ensuring the proper on hand inventory, so when a customer placed the order we could quickly fulfill it.

I saw too many unhappy customers place an in store pick up order, show up thirty minutes later, only to find out we didn’t actually have their product in stock. Not only were they put out by the inconvenience of needlessly driving to the store, but also they still had to figure out how to get the merchandise they wanted to buy.

As we progressed with the process, we started taking a better approach to our on hand accuracies. As a result, our sales increased, as did our customer satisfaction. Through Omni Channel Retailing, we were able to reach a whole new customer base and increase our sales in ways we never dreamed we could.

Filed Under: Featured Tagged With: , , , , , , , , , ,

A Victimless Crime?

July 1, 2014 by Leave a Comment

theft (1)Shoplifting has always been viewed as a victimless crime. It is one of the reasons why shoplifters justify what they are doing. They view their theft as a crime against a faceless company where no one specifically gets hurt. The majority of these shoplifters would never steal from a friend, or commit another kind of home invasion or burglary. That would be violating a specific person, and much harder to morally justify.

When you work retail, you understand just how far from the truth it really is. Shoplifting is not a victimless crime. Its victims are actually frequent and plentiful, starting with the store owners and employees. These are the ones who have to bear the majority of the effects shoplifting has.

To start with, small business owners often do not have the inventory turns needed to effectively diminish the financial impact of stolen merchandise. Unlike companies with thousands of locations that collectively absorb the financial impact of higher cost of goods and lost sales, small businesses rely on their slim profits from maximizing every dollar spent in their stores.

Employees are the next to feel the pains of shoplifting. Hours can be cut, reducing their personal paychecks. Store maintenance, heating and cooling can also be reduced as finances are moved back into inventory replenishment. The overall morale of a store can be reduced, making for an unpleasant place to work.

Customers are the last to feel the brunt of shoplifting, but they still feel it. They are the ones whose time and patience are wasted looking for items the store should have, but doesn’t. They frequently unload their displeasure onto the employees who already have a reduced morale. Customers start taking their sales elsewhere; shopping at stores they can rely on.

Even though a shoplifting crime does not target a specific person, it is by far not a victimless crime.

Filed Under: Featured Tagged With: , , , , , , , ,

A Deeper Understanding- Loss Prevention Seminars

June 30, 2014 by
Loss prevention Seminars can take many forms. Some of them are self-monitored, such as computer based learning programs, or handbook reviews. Any way you go about conducting this loss prevention training, the end result is the same- to train your employees so they have a more through understanding of how certain actions affect a store’s shrink and profit lines.
The supervisors in the store directly give the most common kind of loss prevention training. These kinds of trainings or mini loss prevention seminars center around store specific policies and procedures designed to minimize risk and exposure. Others are aimed toward store operations and how to handle day-to-day tasks and assignments. These are processes like in store recovery efforts, cash handling and close out procedures. It is also the way a company handles the receipt of products and goods.
Loss prevention seminars are a way for employees to understand what to look for and why thieves act the way they do. All of this loss prevention training is done because employees who are knowledgeable are also more comfortable with how to handle situations as they come up. Some times employees need to handle situations swiftly and still professionally. The more training they have, the more they will feel comfortable in handling the situation appropriately. If an employee is not comfortable, they will not act for fear of mishandling a situation and loosing their job.
For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia
Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Loss prevention Seminars can take many forms. Some of them are self-monitored, such as computer based learning programs, or handbook reviews. Any way you go about conducting this loss prevention training, the end result is the same- to train your employees so they have a more through understanding of how certain actions affect a store’s shrink and profit lines.

The supervisors in the store directly give the most common kind of loss prevention training. These kinds of trainings or mini loss prevention seminars center around store specific policies and procedures designed to minimize risk and exposure. Others are aimed toward store operations and how to handle day-to-day tasks and assignments. These are processes like in store recovery efforts, cash handling and close out procedures. It is also the way a company handles the receipt of products and goods.

Loss prevention seminars are a way for employees to understand what to look for and why thieves act the way they do. All of this loss prevention training is done because employees who are knowledgeable are also more comfortable with how to handle situations as they come up. Some times employees need to handle situations swiftly and still professionally. The more training they have, the more they will feel comfortable in handling the situation appropriately. If an employee is not comfortable, they will not act for fear of mishandling a situation and loosing their job.

For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia

Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Filed Under: Seminar Tagged With: , , , , ,

A Tried And True Prevention- Loss Prevention Seminars

June 23, 2014 by
If an employee is thinking about stealing, they know that the more people who are aware of methods and red flags will make it more likely to be caught. The less of an emphasis on security, operational controls and checks, and internal audits means it is easier for employee theft to occur.
One tried and true way of preventing employee theft in your stores is to send your entire team of employees through a loss prevention workshop. When you take your team of employees to these loss prevention seminars, you are actually showing them why they should not steal.
These seminars are designed to create more eyes and ears in an otherwise oblivious location that will now be aware of what is going on at the store level. By sending your employees to loss prevention training sends a message that you are raising awareness of all facets of your business. Employee theft adamantly will not be tolerated.
The businesses that are most prone to employee theft and embezzlement are the ones who have minimal employee awareness and lackadaisical operational controls. Any actions you can take to improve on these substandard business practices will reduce the risk you have of an employee knowingly taking advantage of you and your company’s assets.
For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia
Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

If an employee is thinking about stealing, they know that the more people who are aware of methods and red flags will make it more likely to be caught. The less of an emphasis on security, operational controls and checks, and internal audits means it is easier for employee theft to occur.

One tried and true way of preventing employee theft in your stores is to send your entire team of employees through a loss prevention workshop. When you take your team of employees to these loss prevention seminars, you are actually showing them why they should not steal.

These seminars are designed to create more eyes and ears in an otherwise oblivious location that will now be aware of what is going on at the store level. By sending your employees to loss prevention training sends a message that you are raising awareness of all facets of your business. Employee theft adamantly will not be tolerated.

The businesses that are most prone to employee theft and embezzlement are the ones who have minimal employee awareness and lackadaisical operational controls. Any actions you can take to improve on these substandard business practices will reduce the risk you have of an employee knowingly taking advantage of you and your company’s assets.

For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia

Visit the Loss Prevention Systems for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Filed Under: Seminar Tagged With: , , , , ,

The Typical Characteristics of Embezzlers

June 23, 2014 by Leave a Comment

theft (8)The crime of embezzlement is on the rise. There are many reasons for why it’s on the increase. One of the reasons is that business owners and managers don’t envision the embezzler as a potential criminal. The average embezzler doesn’t fit the idea of a stereotypical offender, therefore, supervision becomes lax. This leaves people and situations not monitored as well as they should be.

Embezzlers share more characteristics with the general populace than with other criminals. As a result, it’s important for managers and business owners to understand the profile of the average embezzler. Here are their most typical characteristics.

Age –They’re usually older than other criminals, past 30, and they begin their criminal activity at a much later age. Those who’re classified as major embezzlers often begin in their early 40s. (2011 Marquet Report on Embezzlement).

Family situation – Most are married with traditional family situations. They usually come from intact and stable families of origin.

Education – As a rule, they have higher levels of education than the average criminal.

Race – The majority of perpetrators are white.

Employment/Criminal History – Nearly all of them are first-time offenders with clean employment histories. Over 80% have never been charged with a crime or terminated from a job. (2012 Association of Certified Fraud Examiners Report)

Job Responsibility – It’s estimated that professional and managerial staff commit 40%, clerical, bookkeepers and other employees commit 40% and senior officers and owners commit 20% of embezzlements.

The size of the loss is frequently related to the position the perpetrator holds. The median loss committed by owners/executives is $573,000, by managers $180,000 and by employees $60,000. (2012 Association of Certified Fraud Examiners Report)

Gender – Until recently 70% of embezzlers were older males who’d attained a position of trust and authority, which provided the chance to commit the crime. But, with more women reaching positions of authority and responsibility, the percentage of female embezzlers has increased to 64% in the last several years. However, men on average steal significantly more than women. (2011 Marquet Report on Embezzlement).

Psychological Issues – Embezzlers usually don’t have an antisocial personality, which is much more common in other criminals. However, they do have mental health issues, most notably gambling problems (30%) and depression and/or anxiety, which may be as high as 80%.

It’s human nature to trust those who we perceive as being like us. Unfortunately, there’ll always be people who’ll take advantage of human nature. Managers can better protect their businesses by educating themselves about the typical characteristics of embezzlers.

Nicole Abbott – writer, educator and psycho-therapist

 

 

Filed Under: Featured Tagged With: , , , , , , , , , ,

New Shoplifting Videos

June 18, 2014 by Leave a Comment

theft (2)Preventing shoplifting against the amateur shoplifter and the professional shoplifter should be taken into account when purchasing a shop prevention system for your store. Can one system be as beneficial to guard against amateurs shoplifters as one for a professional? Should you install video camera equipment among other electronic devices for your store? At Loss Prevention Systems we have what you need to make shrinkage in your store something you can prevent. Call us, we will be happy to talk to you.

‘House of Lies’ Hot Chick Ayelet Ben-Shahar — Arrested for Grocery Shoplifting

1:24 A stunning Hollywood actress just got a starring role in a crime drama … she was arrested for shoplifting, but we’re not talking jewelry … we’re talking avocados.

Video catches court employee stealing cash

Police say a video showed a former Cobb County court employee pocketing money from the drug court.

That worker will soon find herself spending time behind bars and ironically reporting to the same drug-testing office where she once worked

For a decade, Tomasita Reavis worked in the drug court office. The 57-year-old woman was a trusted employee, married to a corrections officer.

But when the county’s drug unit planted cameras in the office to investigate missing cash, they almost immediately spotted Reavis sliding some of the cash that was supposed to be deposited in taxpayers’ accounts into her own purse and wallet.

Over just a few days on six occasions, Reavis would count up the cash, sending most to the bank, but keeping a wad for herself.

Reavis refused to tell the judge Wednesday why she did it or what she did with the money. She pleaded guilty to six theft counts.

Her attorney said Reavis was an honest person who simply succumbed to temptation.

Police: Shoplifting ring strikes again

PEABODY — Peabody police arrested one person of a suspected shoplifting ring from Boston yesterday afternoon, but two others managed to escape.

Jadea Duntin, 26, of 79 Rosseter St., Dorchester, was arrested at 2:50 p.m. on charges of shoplifting more than $250 worth of items from J.C. Penney at Northshore Mall, driving with a suspended license, and possession of instruments used for burgling.

Police said Duntin is part of a group of shoplifters known to the store’s loss prevention unit. The unit called police after recognizing three women who were shoplifting more than $1,000 at the time. The report stated that the women recently stole $5,000 worth of items.

Duntin was in possession of wire cutters, police said, which they believe she used to cut tags off items.

The two remaining women fled the scene at high speed with a child in a black Nissan Altima in the direction of the Cheesecake Factory. As of press time, they were still at large.

Filed Under: Shoplifting Prevention Tagged With: , , , , , , ,

Getting What You Really Wanted- Shoplifting

June 16, 2014 by
One of the most commonly sought after loss prevention training programs are ones that focus on recognizing and prevention of shoplifting as opposed to other kinds of inventory losses. Shoplifting can happen to your store regardless of your location, client base and product assortment.
Because of this commonality, these loss prevention seminars are equally well suited for a wide majority of retailers. Since most shoplifters exhibit the same basic strategies and methods, the prevention tactics taught within these classes are therefore equally as universal as the crimes they are deterring and eliminating.
When you understand what your store specific concerns are, it is easier to find a loss prevention training program or class that will fit your needs.
Why would you and your employees want to waste your time in an ineffective loss prevention workshop that is too generalized or do not focus enough on your particular problems or worries? Why spend hours listening to ways employee theft hurts you when you have bigger losses from shoplifting?
The smart decision is to work with the training facilitators to make sure they understand exactly what your expectations are.
There is no point in spending your time and your hard earned money on programs that will not produce a return on your investment later on.
For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia
Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

One of the most commonly sought after loss prevention training programs are ones that focus on recognizing and prevention of shoplifting as opposed to other kinds of inventory losses. Shoplifting can happen to your store regardless of your location, client base and product assortment. Because of this commonality, these loss prevention seminars are equally well suited for a wide majority of retailers.

Since most shoplifters exhibit the same basic strategies and methods, the prevention tactics taught within these classes are therefore equally as universal as the crimes they are deterring and eliminating. When you understand what your store specific concerns are, it is easier to find a loss prevention training program or class that will fit your needs.

Why would you and your employees want to waste your time in an ineffective loss prevention workshop that is too generalized or does not focus enough on your particular problems or worries? Why spend hours listening to ways employee theft hurts you when you have bigger losses from shoplifting?

The smart decision is to work with the training facilitators to make sure they understand exactly what your expectations are. There is no point in spending your time and your hard earned money on programs that will not produce a return on your investment later on.

For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia

Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Filed Under: Seminar Tagged With: , , , , ,

Tips and Tricks That Might Be Free- Loss Prevention Seminars

June 9, 2014 by
Sometimes the best solution is the most obvious solution. Loss prevention seminars can give you tips and tricks to mitigate some of your inventory losses for free or for a minor expense to your bottom line. Even though EAS systems are proven deterrents to shoplifting, they are not an immediate fix. You have to decide which system you want, have it installed and then EAS tag or label your inventory.
In the mean time, you need to have alternative methods to mitigate shoplifting (and employee theft) losses in your stores. Taking a loss prevention workshop can help you with some industry proven tips and tricks to reducing your losses in lieu of an EAS system.
One of the tips is to remerchandise some of the more desirable products within your store.
Do you have small, high theft items on a shelf location in the middle of your store? Shoplifters seek out those items and then look for unwatched corners to conceal these items.
Why not move these high theft items closer to the POS system? They will have a better chance of being continually monitored, and anyone who picks one up can easily and immediately pay for it. Making these kinds of minor merchandising changes to your high theft inventory products can reduce shoplifting.
For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia
Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Sometimes the best solution is the most obvious solution. Loss prevention seminars can give you tips and tricks to mitigate some of your inventory losses for free or for a minor expense to your bottom line. Even though EAS systems are proven deterrents to shoplifting, they are not an immediate fix. You have to decide which system you want, have it installed and then EAS tag or label your inventory.

In the mean time, you need to have alternative methods to mitigate shoplifting (and employee theft) losses in your stores. Taking a loss prevention workshop can help you with some industry proven tips and tricks to reducing your losses in lieu of an EAS system.

One of the tips is to remerchandise some of the more desirable products within your store.

Do you have small, high theft items on a shelf location in the middle of your store? Shoplifters seek out those items and then look for unwatched corners to conceal these items.

Why not move these high theft items closer to the POS system? They will have a better chance of being continually monitored, and anyone who picks one up can easily and immediately pay for it. Making these kinds of minor merchandising changes to your high theft inventory products can reduce shoplifting.

For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia

Visit the Loss Prevention Systems for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Filed Under: Seminar Tagged With: , , , , ,

What are your Loss Prevention Priorities for this year?

June 4, 2014 by Leave a Comment

theft (11)The workforce in any retail store has to be aware of the policies and procedures that a company or retail store has to deterred shoplifting, and the steps to take when encountering a shoplifting incident. Your management team has to be the most knowledgeable about what to do and how to proceed during such incidents and the steps necessary to take to make certain the safety of the employees are not jeopardized. Shrinkage due to employee theft is very prevalent in retail and the amount they shoplift surpasses that of the amateur shoplifter, being aware of what is going on in your store can lead to less shrinkage and more profits for your store.

Read more news about shoplifting by following the links below.

Retail loss prevention team priorities for 2014

The challenges facing today’s retail loss prevention teams are increasingly complex and serious, from cyber security to active shooter to workforce training, compliance issues and – unfortunately – even armed gunmen inside stores or shopping malls. And with NRF’s annual Loss Prevention Conference and EXPO coming up in June, we wanted to know what’s top of mind for retail LP professionals. We asked a few of our LP Advisory Council members to weigh in on what their top priorities are for 2014. Three different retailers, three different answers. But in our unofficial small survey, we found one common theme — people.

Retailer Keeps Loss Prevention Low and Customer Satisfaction High with DigitalPersona Fingerprint Solution

DigitalPersona, Inc., a trusted partner for biometric identity verification solutions, today announced that  New Look, a leading China fashion retailer, has selected a Point-of-Sale (POS) system enabled with DigitalPersona® fingerprint technology. After a successful trial at six of the retailer’s stores in February 2014, New Look is set to expand their use of biometrics in 16 of its stores by the end of 2014 — with longer-range plans to equip 100 stores by 2017. The retailer initially selected biometric technology as an alternative to passwords for improving time and attendance accuracy, but found it also enhances loss prevention and customer service.

Stupid Criminal: Doomed robbery

Today’s Stupid Criminals were doomed from the beginning.

You would think if you are going to rob a store, you might want to first look into what that store sells.

Well these Stupid Criminals thought it would be a good idea to rob this store in Dallas, Texas but you see that wasn’t the smartest idea.

Why?

Because what does the store sell? Surveillance cameras of course.

The owner of the security business supply store caught both the criminals on no less than 17 cameras.

Now the robbers did have plenty of warning before they tried to rob the store. There were at least four signs outside the store that told them they were being recorded.

They were able to get away with $10,000 worth of equipment.

No word yet if they’ve been caught.

Filed Under: Shoplifting Prevention Tagged With: , , , , , , , ,
« Previous Page
Next Page »