Stop Employee Theft Now

Employee theft can be a major cost for companies of all sizes. Between physical theft of merchandise and cash, under ringing, bad customer service, and employees not doing what they are supposed to, you might be losing a lot more than you think each month.

While it can never be stopped entirely, there are some business security solutions you can do to immediately stop most employee theft. They include:

Conduct thorough background checks before hiring people. Background checks may cost a little bit but when you consider how much a stealing employee can cost you later down the line, the cost is tiny.

Develop strict financial procedures. Have a plan in place for minimizing risk from cash receipts, accounts payable, bank transactions, store credit, and refunds and returns. Your accountant can be a major help in this process.

Spend time “on the floor.” Leave your office and regularly interact with and monitor your employees’ activities. Your presence will help deter theft while also allowing you to detect potential issues.

Restrict access to sensitive areas. Not all employees need access to the security sensitive areas of your business. Use access control systems to prevent unauthorized personnel from entering important locations.

Use good camera surveillance systems. Good well maintained security systems can significantly cut down on employee theft and help to prosecute those who steal anyways. Place cameras anywhere that your employees are handling money or inventory and closely monitor the recording for issues.