Are your employees stealing from you? - AuthenticForum
 
AuthenticForum
  Register FAQ Members List Arcade Search Chat Mark Forums Read  
Register

 
 
Rules, Suggestions, Helpful Reference Threads Please note the rules! Have a suggestion or concern? Helpful reference threads (authentic and fake stores and sellers, eBay/Paypal info & more)

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 06-08-2013, 02:17 PM
Denim Fan
 
Join Date: Jun 2013
Posts: 13
Feedback: (0)
Are your employees stealing from you?

Are Your Employees Stealing From You? | Inc.com


Are Your Employees Stealing From You?

The average business loses 6 percent of revenue from employee theft. How to make sure it doesn't happen at your company.



Your employees wouldn't steal, would they? How can you be sure?

One morning, a manager at a ServiceMaster in Wichita, Kansas, was checking the inventory for a recent cleaning job. He did a double-take when he noticed a DVD/VCR was missing. The company checks items brought in for cleaning and must reimburse clients for any missing items.

Sam Lazarus, a partner in the company, says he trusts his employees. This time, though, he suspected foul play, so he called an all-hands meeting and reported the stolen item. When he mentioned the missing gear, he purposefully said it was a CD player and not a DVD player. One of the employees spoke up and corrected him. Coincidentally, this same employee had been confronted about a prior incident.

At the time, Lazarus says he could not prove the employee had stolen the items. When another item went missing, they confronted him and he fessed up to the thefts. While the technique may sound unusual, it worked as a deterrent–word spread about the stolen items, the employee was fired, and there have been no incidents since.

Many small companies have a hard time dealing with employee theft, but a few have found novel ways of confronting with the issue.

That’s true of Janice Walters-Taylor, the owner of BSASS, a company that does background screening for employees. Walters-Taylor says she marks every office supply, pen, and even printers and computers with the words “STOLEN FROM BSASS LLC” in bold letters. (She etches the words on more expensive items.) So far, she has viewed the inscription as a coy marketing tactic.

“When your pen is found out in the marketplace, it is invaluable,” she says. “But this has really cut down on the speedy attrition of office supplies. Luckily, I have not had to address larger stolen items.”

Professional advice
Timothy Dimoff, a security consultant, speaker and author who addresses workplace theft issues, says small companies need to perform more detailed background checks of employees. Not hiring employees with a history of delinquent behavior is the best deterrent. He says another good deterrent is a clear and well-communicated policy about employee theft and the repercussions. Managers should be trained on how to look for behavior that is contrary to the company policies.

“Investigate all negative, suspicious, potential, and real actions in the workplace,” he says. “Treat your employees equally and try not to show favoritism. Disgruntled employees can justify stealing in their minds because they feel entitled or wish to retaliate due to the way they are treated.”

Emily Frost, an employment law attorney at Emily Frost Law, says one of the best tips for any small company is to develop a reward system for good behavior and whistleblowing. Altruistic employees often will be the first to report stolen items.

Steven Wolf, the Executive Director at Capstone Advisory Group, says employee theft can involve more than just stolen physical equipment. He has dealt with cases of misappropriated funds, duplicate payments, kickbacks, and re-selling inventory owned by the company.

“The Association of Certified Fraud Examiners (ACFE) estimates that the typical business will lose an average of six percent of revenues from employee theft,” says Wolf, who advises companies to devote more funds to combatting theft in the workplace and developing policies. Employee theft, he says, accounts for one-third of all bankruptcies, according to the US Chamber of Commerce.
Reply With Quote
Sponsored Links
Advertisement
 
  #2 (permalink)  
Old 06-08-2013, 03:26 PM
marka666's Avatar
Denim God
 
Join Date: Sep 2007
Location: BK
Posts: 5,689
Feedback: (21)
Great article. We need a guide on how to tell authentic employees from fake ones.
__________________
my blog
http://www.etsy.com/shop/juliasfit
^ Get 15% off with code AF2012
"Like" us on FB
https://www.facebook.com/JuliasFit
Reply With Quote
  #3 (permalink)  
Old 06-08-2013, 05:33 PM
lilcram's Avatar
Denim God
 
Join Date: Jul 2008
Location: NEW YAWK
Posts: 9,035
Feedback: (55)
Thank you
__________________
RIP AF
Reply With Quote
 
  #4 (permalink)  
Old 06-10-2013, 01:04 AM
maureenmarie's Avatar
Denim God
 
Join Date: May 2008
Posts: 10,455
Feedback: (104)
very informative
__________________
buy my Stuff
please PM me if you find:
(23/24) WR savoys in sugar & spice, Aquarius or Barcelona and
(24) Sweden edie and NWL crystal kate / (24/25) Rockers with flap A pkts and MLA HW bootcuts
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -6. The time now is 06:59 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.0
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.
 
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70