Sadly, employee theft is a huge problem for many businesses. In fact, around 75% of employees admit to stealing from their workplace in the United States. This theft has cost United States businesses around $50 billion. Thankfully, there are some solutions you can use to stop employee theft, so let’s look at some of them.
One of the biggest things you can do is set-up video cameras around cash registers and storerooms. This will make these areas more secure and it will help you recognize when people are stealing from your business or making false entries into the system. It will also help you detect thefts earlier. In addition, when you confront the employee about their behavior, you can back up your claims with video evidence. This evidence can be used if they lodge a wrongful dismal lawsuit, which can cost your business thousands if they can prove their claims.
Another great way of protecting your business is by using wireless asset protection devices. These will attach to valuable items. These devices monitor the product’s location, so you will know if someone tries to move them without your permission. This will help you combat inventory shrinkage, 42.7% of which is caused by employees in the United States. In addition, by tracking valuable items you will reduce the chances that they are mishandled and damaged.
Thirdly, you should consider using access control, to determine who can enter certain areas of the business. For example, you might want to restrict access to the storeroom to qualified staff. This can make those areas more secure. If items do get stolen from those zones you will have fewer people to investigate. In addition, you can use access control to keep your business safe. For example, if an area contains potentially dangerous equipment, you can limit access to that area to people who have been trained to handle that equipment.
Finally, one of the most effective ways of reducing theft is to stay vigilant. You should look for signs that the employee might be stealing from you. For example, you might notice that they are purchasing luxury items, even though they can’t afford them. You should pay particularly close attention to people who have lied on previous occasions. Generally, if your employees are made aware of the rules and they understand that you take theft seriously, they will be less likely to steal from the business. In addition, by implementing these security ideas, your staff will recognize that if they do attempt to steal products, there is a good chance that they will be caught. So, simply having some of these devices can be an effective deterrent for would-be criminals.
Theft by employees can be a difficult issue for many business owners to deal with. To help you, we’ve discussed some effective security measures you can incorporate into your business to stop employees stealing from you. So, install these systems in your business today and protect your stock.