We don’t want to believe that our employees are capable of stealing from us, but it is an unfortunate reality that employee theft happens. Internal security threats often go unnoticed by employers because they don’t want to face that reality. However, you are doing yourself a disservice if you do not take realistic steps towards preventing employee theft. Here are four ways you can prevent your employees from stealing from your business:
Eliminate theft opportunities
The best way to prevent theft is to prevent them from having the opportunity to steal. While truly devious criminals will always find a way to steal things, most people would not steal if they believed that they would get caught. There are very simple policies you can put in place that prevent more opportunistic thieves from taking advantage of you. For example, if you own a retail business, always have two employees opening and closing, and switch up who they are to prevent conspiring. In an office, do not give one employee absolute control over your finances. There should be an expectation that finances are meticulously double checked to prevent crimes of opportunity.
Always run a background check
It is essential that you perform background checks on every person you hire. Particularly if you know your new hire personally, you may feel like a background check is a waste of time. However, taking the time to run a quality background check could end up saving your business. It is not enough to simply trust an internet search. A private investigator can get in-depth information that isn’t accessible to the general public. We can help you find any red flags around new hires with our background check services.
Technology has given us amazing abilities; take advantage of them in order to protect your business. Use surveillance technology for your business, such as video surveillance, to protect your assets. Not only will this help you catch any criminals (whether they are an employee or they are an intruder), it will also deter crime. People are significantly less likely to steal when they know they are being watched.
Promote a “see something, say something” culture
Your employees are the greatest asset in your company. Not only do they keep your business running, they can also help you deter employee theft. Create a culture that promotes honesty by being forthcoming yourself. Ensure that your employees know that you are on their side, and that you want them to be on yours as well. In the event of employee theft, prosecute the thief and make it explicitly clear that it is unacceptable and won’t go unpunished. This will send the message to your honest employees that they are valuable. Additionally, set up some sort of anonymous channel for your employees to report theft and other unacceptable activities, such as a tip hotline. You might also consider offering up a reward for any tips that lead to catching the thief.
Employee theft is a concern for your business, but you can take steps to prevent it. If you need our background check services to prevent employee theft, contact McCabe Associates today.