How to Prevent Internal Theft At Your Work Place

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By MaryKBrennan
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Prevent Internal Theft At Your Work Place

While thousands of dollars are lost every year from shoplifting, business owners realize that even more is lost internally. From big box stores to individually owned operations; everyone is vulnerable to some extent. Learn how to be proactive and save your companies assets before its too late.

Difficulty: Moderately Easy

Instructions

Step 1

Be a presence. Always give the impression that someone is in charge and watching. Allow yourself to be friendly with employees, but not a friend. This simply means keep work and pleasure separate.
Step 2

Conduct audits quarterly. Even in the best run companies, mistakes happen. Regular audits help control the checks and balances.
Step 3

Routinely review returns, financial statements, journals, etc. Ensure all the proper information is filled in completely. Never be afraid to ask questions. Demand answers.
Step 4

Know every facet of the business. Know it better than your best employee. Never act like your too good for any job. Take time to work side by side with your employees every now and again. You will learn a lot from this experience.
Step 5

Make it practice to always be the one to sign checks. Never, I repeat, never hand any employee a blank check (even someone you trust). Understand that everyone goes through hard times. Don't provoke opportunity.
Step 6

Follow your gut. If you believe something is wrong, you're probably right. Don't wait too long to investigate. You may loose more than just an opportunity.

Tips & Warnings

Provide background checks for all employees.
Install cameras before a problem takes place.
Review tapes regularly, not just when you suspect a problem.
Never accuse anyone on a hunch. Make sure you have solid evidence of theft.
Never question anyone alone. If a crime has been committed, make sure proper law enforcement is involved.

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