Know your Employee

Retailers lose between 1% and 3% of annual sales to employee theft. The amount depends on the nature of retail business.

Stop employee theft starts with early detection and that starts with awareness of the indicators that employee theft can be prevented.

Some workers of stealing a few dollars a day, while others focus on much larger amounts.

Here are five signs that employees can steal your retail business:

A change in spending. If an employee cash out of their normal environment, beware. It can be a holiday, a new car, home or personal expenses. Be aware of changes in spending and put them on a watch list for consideration unwritten.

Address your concerns by paying more attention to his work, working and sales processes are when it comes to money.

Gambling. If you find that an employee regularly devote time to any form of gambling, to try to determine if they are gambling beyond their reach. Put them on its watch list for consideration.

Try to find out if the level of play is a problem.

Taking on too much. Take care of people with additional services, particularly when traveling to work alone. This is where your company is more vulnerable to employee theft.

Counter to share these additional services around making the job even people who do not want to work.

Spot check cash. Make an unannounced audit of cash. Employees may accumulate a cash reserve in a tie and have “money” to steal at a time. For a cash account might get unexpected company and this extra money could mean rob the company.

You should be careful to do so. Save it for when least expected. Perhaps one reason for trying to do, you have a customer who complained that help the wrong change.

Routine. We take care of the routine, because it is the predictability of the routine in the management of a retail business opportunity. You want as many opportunities as possible to eliminate.

Alter routines in terms of sales to the plow, clearing trash, end of shift of counting money, banking, stock price – something in the work related to valuables.

Cut employee theft starts very well, with the eyes in the back of the head and your instincts. Remember, it’s your money.