There are several important things you can do to reduce the impacts of employee theft to your business:
- Conduct thorough background checks prior to hiring any employee. Consider hiring a professional investigative firm to assist your efforts.
- Speak with your accountant about business processes that minimize risk. Areas to discuss include cash receipts, accounts payable, bank and investment deposits and transactions, credits, returns and refunds and inventory accounting procedures.
- Spend time on the sales floor and outside your office. Be visible and interact with employees. This will help your business in many ways, including employee theft reduction.
- Restrict access to select areas. Access control systems are practical and affordable solutions to employee theft reduction.
- Install security camera surveillance systems, especially in sensitive areas: cash receipts, shipping and receiving, stockroom and warehouse, and employee time-clock/check in areas.
If you have any more questions about reducing your exposure to employee theft, contact one of the security specialists at Knight Security Systems of Texas.