How do you manage theft in the workplace?

10 steps to help prevent employee theft

1. Practice proper bookkeeping.
2. Monitor retail transactions.
3. Track inventory closely.
4. Count-in, count-out cash.
5. Review all petty cash.
6. Actively participate in the business.
7. Offer meals and discounts to deter theft and boost morale.
8. Watch and listen.

How can we solve the problem of stealing?

Try the following:

1. Stop. Instead of acting on impulse, stop yourself immediately.
2. Take a breath. Stand still and give yourself breathing space.
3. Observe. Think about what is going on.
4. Pull back. Attempt to look at the situation objectively.
5. Practice what works.

How will you protect your company from theft?

Protect your business from theft

• Provide excellent customer service.
• Make sure that you can easily see all parts of the store.
• Keep track of your inventory and investigate any discrepancies.
• Keep security in mind when making bank deposits.
• Install a security system and always respond to security alarms.

  How can we prevent theft?

  Find a buddy.

  1. Find a buddy. Whenever possible, don’t walk alone.
  2. When walking alone, skip using headphones or taking phone calls. Robbers often target people they notice are distracted or unaware of their surroundings.
  3. Don’t walk alone at night.
  4. Stay aware of your surroundings.
  5. Avoid unlit or deserted areas.

  What’s the best way to deal with employee theft?

  Because there’s so much variation in severity of possible workplace theft, there’s almost never a hard and fast rule for how to deal with it when it happens. The following guidelines can help you make wiser and more informed decisions about how to handle employee theft:

  How is employee theft affecting small business owners?

  Employee theft is one of the most serious problems facing small business owners in the U.S. According to the National Federation of Independent Business (NFIB), an employee is 15 times more likely than a non-employee to steal from an employer, and employees account for an estimated 44 percent of theft losses at stores.

  Can a company suspend an employee for theft?

  If you believe there’s a genuine risk in having the employee continue working, you can suspend him or her while the investigation is taking place. In doing this, however, you need to ensure that the employee is still being paid while they’re suspended as the allegations have not yet been proven.

  What to do if you suspect an employee of stealing?

  Your request is processing. One of the most difficult situations to navigate in employee relations is how to appropriately handle an employee whom you suspect has been stealing.