Employee theft accounted for over 41% of inventory shrinkage, while only 35% was attributed to shoplifting. A reason for this is because companies started to direct their attention to and have successfully reduced shoplifting.
Employee theft can occur in any company, despite measures taken to prevent it. The only control an employer has over theft is to lessen the likelihood of it occurring and therefore decreasing the amount of revenue lost. Employee theft situations are occurring quite frequently in the corporate world. The situation has left many organizations in a state of shock.
Business proprietors should be encouraged to report all crime. Proprietors claim the main reasons for not reporting include reporting the crime would not achieve anything (42 per cent); the police could not do anything (42 per cent); the incident was not serious enough to report (38 per cent); and the chance of success was slight (37 per cent).
Small Business owners must be aware of these facts in order to detect employee theft. It is a common fact that most employers do not suspect their employees of theft.
Employee theft can take many forms, from stealing office supplies or merchandise, to stealing time by improperly reporting sick leave and vacation to stealing intellectual property and confidential information. When employee theft is discovered, the employer/owner feels violated and often reacts out of emotion.
Individuals who are saddled with debt are more likely to succumb to financial pressure and steals from the company they work for.
Cash register theft balance control for management never before possible.
Cash register theft usually occur through failure to record a sale on the register, shortchanging customers as well as fake robbery. Cash accountability must be the basis of any retail loss prevention program, although training is also important in loss prevention.
Cash register theft is not complex. The No Sale is the most common; accepting the customer’s cash, pressing the No Sale button, when the customer leaves, the cash from the sale is taken.
Companies can mitigate this risk by adding hidden cameras to where the thefts are happening (i.e. Cash Register). After all, small businesses can’t be reimbursed for unexplained inventory losses or pilfered cash accounts without a suspect.
Hi-Res Soda Can Spy Cam & Covert DVR w/ Remote Control & 4GB Memory is the ideal tool for portable, inconspicuous surveillance especially when employee theft is suspected.
Power is no issue with the huge 2600mAh battery which can power the unit for up to 24 hours of recording and up to a week in standby mode!
With the included RF remote control operation is simple, and the business owner doesn’t even have to be in the same room to activate the Hi-Res Soda Can Spy Cam & Covert DVR! Recordings can be later downloaded by plugging the unit into your computer via high-speed USB 2.0. With a full 640×480, 30FPS resolution you will have the latest video recording technology available to catch employee theft.
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