Controlling Employee Theft

Don't just assume your employees are honest.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read
Opinions expressed by Entrepreneur contributors are their own.

You probably feel you can trust your employees. But that doesn't mean you shouldn't routinely take steps to make sure you can trust them. Putting systems in place to control loss due to employee theft isn't a matter of mistrust-it's just good business.

Screening applicants, including doing background checks, is a starting point for controlling employee theft. You should also closely track valuables, including cash and inventory. For example, know what your average sales are by shift and watch for variances that could indicate theft. You can also use surveillance cameras and even undercover investigators if you suspect theft is occurring.

Excerpted from Grow Your Business

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur