How Small Businesses Can Stop Employee Theft

Employee theft is one of the most pervasive problems faced by businesses today, and it continues to escalate at an estimated rate of 15 percent per year. This volume presents the first full-length guide to the alternatives available to companies seeking to reduce both the actual theft of tangible property and the profits lost through cheating on time cards and expense accounts. Theft is increasing due to the economy deteriorating. People are even stealing gas from gas stations and even parked cars due to skyrocketing gas prices!

Employee theft victims were less apt than non-victims to trust the police or have faith that the police could help. Businesses that experience employee theft are more apt to experience other types of victimization as well. Employee theft accounted for over 41% of inventory shrinkage, while only 35% was attributed to shoplifting (Mullen 1). A reason for this is because companies started to direct their attention to and have successfully reduced shoplifting.

Security experts say that as many as 30 percent of the average company’s employees do steal, and another 60 percent will steal if given a motive and opportunity. Some estimates indicate that more than $600 billion is stolen annually, or, roughly $4,500 per employee. Security control depends on what emphasis the security department places on theft, such as preventive measures. Security concerns also extend very specifically to our workplace and potential employees. Changes in today’s business, social, and political climates are creating a greater emphasis on the need for effective background checks of job candidates and current employees.

Employees can steal easily in many ways, with some examples being: not giving the customer a receipt and the correct change, giving back fictitious refunds, and pretending to ring up merchandise for friends. Prevention is key, but if employee theft is suspected make sure you have a good surveillance camera system, the the evidence and call the police.

Employment screening can go a long way in avoiding employment of thieves. A clearly stated policy on both theft and on the disposition of rejected or scrap product should reduce theft within your company.

Employing the services of an outside firm that specializes in Forensic Accounting is the only way to guarantee a swift and thorough resolution to a very difficult problem. Employee and Customer hotlines bring important issues to your attention in a timely manner that allows you to address problems and resolve them quickly and legally .

Employees handle your money. Employees handle your products. Employee dishonesty coverage provides protection against employee theft. Employee dishonesty coverage provides for losses of money, securities, and other property caused by theft or forgery of an employee of the insured, acting alone or in collusion with others. Employees can steal easily .

Employees define what is right and wrong regarding their behavior, and they can rationalize stealing from their employer in their own minds. Thieves normally view themselves as average people in a dishonest world where everyone is just trying to get ahead or to maintain what they have. Employers can identify theft patterns, workplace violence issues or previous sexual harassment problems and react accordingly. Addressing these issues before employment begins is much easier than attempting to correct a problem uncovered after the start of employment.

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Surveillance cameras are a must for all existing and new businesses today to catch employee theft. He we will show some of the best surveillance camera systems for various size businesses.

Looker DAY/NIGHT Surveillance camera plus DVR MOTION ACTIVATED WITH AUDIO For very small storefronts the Looker GV 6200 Security DVR is a perfect solution. It records DAY/NIGHT SECURITY DVR MOTION ACTIVATED WITH AUDIO and offers Real Time 30fps Recording, 640 X 480 High Resolution. It an affordable and easy-to-use digital video recorder with motion detector and color CMOS camera to record real time videos on a removable SD flash memory card for security purpose. With infrared LEDs for night vision, Looker GV6200 supports to record day and night. The resolution of recording videos is up to 640×480@30fps in MPEG-4 compression and you will not miss a sound or voice with its audio support function. It also builds in digit display indicator to show working status and error messages to let you operate it easily.

ClearView 4 Cam DVR with LCD complete surveillance camera system For larger business business owners can feel secure with the DVR that does it all. The ClearView 4 Cam DVR with LCD is a complete security package that comes with everything a business needs to set up an effective surveillance and recording system. The DVR has an integrated hi-res LCD screen, which includes an LCD on/off switch for power saving. It also comes equipped with a 160 gigabyte Seagate hard drive, which allows you to store up to 40 days of footage. The Seagate HDD has been optimized for the DVR, allowing for faster speed and cooler operation.

This DVR is Internet Ready, which means you can view your cameras live from anywhere in the world! You can also play back recorded footage and adjust your DVR’s settings over the web, which will give you peace of mind when you are away from your home or business. The web software is easy to install and is password protected, ensuring that only you can access your DVR. This system comes with 4 indoor/outdoor CCD cameras. The high quality CCD image sensors in these cameras provide a clear, crisp and consistent picture. They also allow you to distinguish facial features, which can help in the positive identification of thieving employees.

Four Camera Indoor Video Surveillance Kit w/Free Remote Viewing Business that need up to six cameras will find the Four Camera Indoor Video Surveillance Kit w/Free Remote Viewing the best and easiest solution and owners can actually install them with ease and get the most professional and advance surveillance features available today.

This set is a Four(expandable to 6) indoor surveillance cameras system, expandable to 6 cameras with FREE Internet Viewing. Plug-in 4 or 6 cameras in minutes no wires needed! Your PC instantly becomes a command center with live monitoring, motion-based recording, Internet remote viewing and security alerts.

The quality, detail and ease of installation cannot be matched in any indoor surveillance system. You can do it yourself. Cameras transmit video through your house wiring.

16 Channel Wireless DVR Complete System This 16 Channel Wireless DVR Complete Professional Surveillance System System for medium size businesses or homes allows you to install up to 16 cameras (12 wired and 4 wireless cameras) to digitally record all activity. This DVR has full networking capability and uses a GeoVision DVR card which allows you to view live video on the Internet. This mega video recording system is perfect for operations that need to keep an eye on a large number of locations. Great for large warehouses or homes.

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