Having reliable employees you can trust is essential for your business. Unfortunately, some workers will inevitably lie, cheat, and steal in the workplace. Here are a few effective ways to help reduce employee theft.
Track Your Product Inventory to Reduce Employee Theft
One of the most common areas of employee theft is inventory. Office supplies, consumer products, and other valuable assets can get stolen if not properly tracked.
Product theft is generally most common in retail stores and physical offices, where employees have direct access to items. To reduce employee theft, you must manage your inventory in real time. Consider using cameras or other security measures if the problem persists.
Have a Financial Review Process
Other than physical assets, employees can falsify reports or numbers to skim money from the top. Financial institutions often must deal with issues such as larceny, embezzlement, and unauthorized disbursements.
If your business is losing money, knowing the risks associated with poor security at your company will help you improve your situation. Other common issues, such as cybertheft and corporate fraud, can have lasting implications for your business.
No matter what type of theft you are dealing with, you must proactively address issues from the bottom up. Many types of theft are becoming more prevalent in the workplace, so having a process for identifying and targeting problem areas will save you time and money.
Controlling access with user privileges and strong passwords is a good place to start, but you must also have an audit process in place. Properly investing in your company’s physical and digital security will allow you to prevent theft and improve your financials.
Find the Security Measures That Fit Your Needs
Different-sized organizations will have drastically different needs when approaching security. While larger companies may need an entire department, smaller ones might need to change their schedule rotations to find out what’s going on.
Knowing some effective ways to help reduce employee theft will allow you to focus on your core business and continue to grow.
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