Ways to Reduce Employee Theft

Unfortunately, during a recession, employee theft increases in various small businesses.  Employees become desperate and make the wrong decisions.   Therefore, as a small business owner you need to be prepared and prevent employee theft from occurring in your store.  Here are a few things to look out for ensuring you do not lose money due to criminal activity.

Watch Your Receipts

Have you noticed more sale voids with specific employees who are not in training mode?  Do their average voids exceed the norm of other employee shifts?  You need to pay attention for employees may be using voids as a way to keep your money.  For instance, if a customer pays $10.00 for a specific item and the sale is void.  Then the same customer is charged $8.00 for the exact purchase, your employee may be pocketing the difference.   Just be aware of the receipt situation and make sure no one is using receipts as a method to steal money from you.

Count the Register

Some employees that attempt theft will pocket petty cash or change.  They may choose to do so a little at a time thinking it will not be a noticeable amount.  However, every penny makes a difference.  It takes away from your financing and operating costs.  Hence, you need to accurately count register cash prior and after shifts.

The most important thing is to remember not to jump to any conclusions.  The majority of employees are honest, dependable, and trustworthy people.  Otherwise, you would not have hired them in the first place.  It is solely smart to take notice of what is occurring during daily business activities.  It will save you money and provide you with peace of mind in the end.

Share This:

Related posts:

1. Top 4 Ways to Reduce Employee Theft
2. How to Improve Employee Relations during a Recession
3. Return to the Basics and Watch Your Business Flourish
4. Save Money and Hire a Professional
5. 4 Ways to Protect Your Online Business Bank Account