Question

What approaches can a retailer take to reduce employee theft?

Answer 1

The approaches a retailer can take ti redube employee theft are :

• Set up a Camera Surveillance System :

A camera can easily affect the place. The web cam gives you the opportunity to show employees that you are watching. In fact, the appearance of security camera is already a very big deterrent to most. Just the thought that they’re being videotaped will help discreetly remind the employees of from time-to-time.

• Track Daily Cash Drawer to Prevent Employee Theft of Cash :

Random cash counts throughout the day would probably be best way to prevent employee cash register theft.If the employees know that at any time throughout the day you will come over and count the cash drawer, then there is a better chance of deterring any theft of cash.

• Know your employees :

It’s much easier to steal from someone you don’t know very well, but it is much harder to steal from someone with whom you have a relationship. Connecting with your employees and being aware if they are going through financial difficulties or experiencing high levels of stress, which can increase the impulse to steal.

• Reward good employees :

Wages can increase, benefits can be more generous and so on. Telling them they get to keep their job if they stay on the right track is not enough. This will encourages employee to do work effeciently and not to do any theft or other bad works related with store.

• Encourage Credit Card Payment Instead of Cash :

Employee from stealing cash is an important issue.Encouraging credit cards is a good way for employee theft prevention. Perhaps not anyone wants to encourage Credit Card use at 3% charge, but this day many people will use it, if it is an option.

Also, use a cash register instead of a locked drawer can greatly reduce the stealing rate since every sale will be record and can be traced.