Controlling Employee Theft
Don't just assume your employees are honest.
You probably feel you can trust your employees. But thatdoesn't mean you shouldn't routinely take steps to makesure you can trust them. Putting systems in place to control lossdue to employee theft isn't a matter of mistrust-it's justgood business.
Screening applicants, including doing background checks, is astarting point for controlling employee theft. You should alsoclosely track valuables, including cash and inventory. For example,know what your average sales are by shift and watch for variancesthat could indicate theft. You can also use surveillance camerasand even undercover investigators if you suspect theft isoccurring.
Excerpted from Grow Your Business
Entrepreneur Editors' Picks
-
This Co-Founder Was Kicked Out of Retailers for Pitching a 'Taboo' Beauty Product. Now, Her Multi-Million-Dollar Company Sells It for More Than $20 an Ounce.
-
Have You Ever Obsessed Over 'What If'? According to Scientists, You Don't Actually Know What Would Have Fixed Everything.
-
After He Was Fired From the UFC, This Former Fighter Turned His Passion Into a Thriving Business
-
Most People Don't Know These 2 Things Are Resume Red Flags. A Career Expert Reveals How to Work Around Them.
-
How One Woman Turned Pandemic-Induced Boredom and a Makeshift Garage Art Studio Into a Thriving Franchise
-
Use These 4 Self-Care Rituals for More Resilience and Less Depletion
-
Shark Tank's Barbara Corcoran Wants to Invest in 'Someone Who Probably Needs a Good Shrink Instead of a Business'
