Steps to Reduce Employee Theft
by Natalie Beck
Bet you can’t guess what this article states as the number one way to reduce employee theft!
On second thought, if you are reading our blog, maybe you can.
Steps to Reduce Employee Theft
By Keith Mcrae, Southtown Star - June 11, 2008
That’s a large number, and it’s on the rise. The present economy increases the chances of internal theft because more people are in desperate need of extra cash. Internal theft dwarfs the losses of external theft.
What can businesses do to protect themselves?
No. 1 is to perform thorough background checks, which should include criminal and credit history, education verification and reference checks. Too often the hiring process is hastily conducted. Sometimes you are in desperate need of someone and take shortcuts in hiring.
It is critical when bringing a new person into your organization that you are proactive and not reactive. Forecast your hiring needs, and give yourself time to hire the right person. Not offering someone a job is much easier then hiring a person and then having to get rid of them. If possible, drug testing should be done on all new employees.
Tags: best practices, loss prevention
Subscribe to our podcast!