How to Avoid Employee Theft

Most theft in the workplace is done by employees. Eighty percent of employees will steal only if they are positive they can get away with it. Ten percent of employees will never steal. And ten percent will always steal. Focus on reducing employee theft by 80 percent with a few easy steps.

Difficulty: Moderately Easy

Instructions

1. Pay your employees a fair wage. Employees who feel they are getting fair compensation are less likely to steal. Ensure that the job they perform is appropriate for the pay they receive.

2. Install security cameras. It is impossible for you to monitor all employees at all times. Security cameras can be reviewed quickly and at any point in time. The camera does not have to be operational as long as your employees believe it to be.

3. Install a time clock. One major form of employee theft is stealing time. Set up a system in which the employee cannot manipulate their attendance record.

4. Require proof of purchase. Be sure all employees can provide proof of purchase for any new item in their possession.

5. Reconcile sales transactions. Make sure that employees' sales transactions balance with your records of the transactions.

Tips & Warnings

• Let your employees know what security measures are in place.