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Employee Theft / Loss Prevention

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Employees steal crores of rupees per month from unknowing employers. Honest employees often know theft is occurring but hesitate to inform management of the problem.

Most of the time, there are warning signs that theft is occurring through declining profits, unexplained inventory losses, rumors and other discrepancies.

Management usually doesn’t know how to deal with the problem until they face a crippling loss. There are ways to detect and prevent theft related losses within your business.

Employee Theft / Loss Prevention


You have to know what to do. We can suggest methods of controlling theft and conduct covert surveillance of employees that are under suspicion of actively committing theft.
 

Signs of Theft

All irregularities or deviations must be evaluated with an open mind. Inventory or product found near employee exits or dumpsters, discrepancies in invoices and shipping receipts, sensitive documents discovered in copy machines or trash, photo-copied documents used in lieu of originals have been signs of past theft and may be indications of existing dishonesty.

Amazingly, employees questioned as to why they stole often rationalize their action and state the opportunity of theft presented itself through lenient policies, controls and management indifference or stupidity.

Moreover, many employees cite opportunities created by management, not their financial need, as their primary impulse to steal. Another significant reason employees give for stealing is their constant belief that the management was stealing so it was okay for them also to do so.

This condition proves the point that, if management wants a theft free work environment, it must set the example of honesty and adherence to policies.

Hiring a private detective will give the company solid proof of theft. Criminal prosecution will send a message to other employees that the culprit will be prosecuted.

This policy will have a definite influence on the employee who is actively stealing or contemplating theft from your company. Until management gains an accurate understanding regarding employee theft and initiates sound loss prevention measures, it will remain a major drain of profits productivity and employee morale.

 

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