Employee theft costs businesses billions of dollars every year.
What is the top source of financial loss for your business? Although a lot of managers are tempted to zero in on things such as shrink and returned products, employee theft costs businesses billions of dollars every year. Fortunately, you may be able to ward off any issues by making a few security changes now. Read on for a few handy ways to reduce employee theft in your business!
Keep Neat and Organized Records
From cashiers who decide to steal from tips to the employees who are casual about time theft, close record keeping can help squash any thoughts of criminal activities. If you wish to get serious about mitigating any employee theft in your workplace, carefully evaluate your record-keeping and make changes to help improve your procedures. For example, cash drawers should always be counted in and out at the very end of shifts to spot shortages, and inventory should be tallied and audited carefully at the end of each quarter to look for any missing merchandise and inflated numbers. Managers and security guards should also compare timesheets to actual shifts worked and job tasks to any assigned activities.
Although it may seem hard to keep track of all these different aspects of record-keeping, a lot of modern technologies have made things much easier for workplace managers. Inventory systems can tally up sold items compared to ordered quantities, and time clocks make screening for time theft quite easy. A few systems could be programmed to safeguard against these losses. For example, a few time clocks are designed to only allow people to check-in and out during their assigned shifts, and a few time clocks send out automated messages to managers when employees are late or breaks run too long.
Limit Access
When employees have free reign to your building and all of its assets, you never know who will want to get creative with their own pay. Sometimes employees with access to things such as petty cash drawers or company credit cards decide to treat themselves, all while ignoring the restraints or the company’s bottom line. To prevent this, always limit access to certain buildings, credit cards, online accounts, or cash. Security officers can help with this, along with security technology too.
Hire Security Help
No matter how polished your workflow might be and how many safeguards you put in place, any business owner will tell you that some employees are dedicated to breaking the rules and finding many loopholes. Luckily, professional security services can help by staffing your business with teams of certified security officers to manage threats and prevent any losses. A company like ICS Security Services has everything you need security-wise, so give us a call today!
FOR ALL YOUR SECURITY GUARDS AND PROTECTION SERVICES, CONTACT ICS SECURITY SERVICES TODAY
ICS Security Services is a trusted and reliable security company dedicated to protecting you and your business. Our fully trained staff serves Maryland all throughout Baltimore, Catonsville, Columbia, Bethesda, White Marsh, Gaithersburg, Annapolis, Towson, and Hunt Valley. We are here to provide you with the best services and products when you need them.
For a bit more information on how we can assist you, visit our website or give a call at 410-719-8796.