Employee theft- 4 WC blog 635
Manager Training To Stop Employee Theft-3
Don’t Be Surprised By Who May Be Guilty Of Employee Theft
If you are anything like me you hate theft and you especially abhor employee theft. For many of you small store owners you may not have more than three to five people working for you so employees stealing from you isn’t much of a concern, right? You might even be in a position where the only people working for your business are relatives and friends. They would never be a concern for you after all they are close to you. You may be surprised to learn that hiring friends and relatives may not be the best idea in the world after all. Not only can it lead to damaged relationships you could also find your business is not as secure from theft as you thought it was.
Below are some examples of stories that may grab your attention:
• From the eagletribune.com, Dec 27, 2017, by Breanna Bedlestein: “Plaistow woman accused of embezzling $400,000 from family business”
• bizjournals.com, June 27, 2018 by James Dornbrook: “Local woman gets 2 years for embezzling $466,000 from her family’s company”
• fredricksburg.com, Jun28, 2018, by Allison Brophy Champion: “Former Culpeper brewery partner pleads guilty in embezzlement case”
• hartfordbusiness.com, June 13, 2018, by Gregory Seay: “Former Middletown mayor arrested again on embezzlement charges”
In each of these cases a relative or friend who became a business partner was charged with or pled guilty to embezzlement from the business. Now if you are insistent on hiring family or friends to work for you it may not be comfortable to run employee background checks. Let’s face it, that isn’t going to be a pleasant discussion. That makes it even more critical that you go through manager training to stop employee theft.
In three of the cases listed above the embezzlement reached $400,000 or more before the accused party was caught. As a business owner you have to know the various methods employees (even family members) will use to steal from your company. Catching the theft only after this much has been taken could cause a business failure. Regardless of what the court orders for restitution chances are you will never recoup the full amount lost from the theft. It is also important to remember we have only looked at embezzlement cases. Employee theft may include merchandise, property, credit cards and outright cash theft. Manager training to stop employee theft will provide you with the information you need to know the ways employees steal and the indicators that will point to the activity.
The question becomes how do you get the training you need? Self-help videos won’t have sufficient information. Websites may offer it but then how do you know which ones are reliable? There are books on Loss Prevention but book reading and having a live trainer are not equivalent. The best source of training comes from people who have actual Retail Loss Prevention experience and have investigated numerous employee theft cases. There is no substitute for experience and that is why a company like Loss Prevention Systems Inc. (LPSI) is a logical choice to provide Manager training to stop employee theft. Having nearly 18 years of Retail Loss Prevention experience myself I know that the training programs offered by LPSI are effective. The instruction you will receive will prepare you with the information necessary to look at your store operations with a critical eye. Any attempts at theft will be easier to pick out and act on much earlier than it would for someone with no training. Losses become far less and may actually end up being realistically recoverable.
Employee theft can happen to any retailer from any quarter, even a relative or a friend. The trust a business owner places in a relative or friend can unfortunately be misplaced trust. Being trained on theft identification and prevention can be the difference between keeping a business open and being forced to close down. Find out how LPSI can meet all you training needs.
Need information on manager training to stop employee theft? Give us a call at 1.770.426.0547 now.
If you are anything like me you hate theft and you especially abhor employee theft. For many of you small store owners you may not have more than three to five people working for you so employees stealing from you isn’t much of a concern, right? You might even be in a position where the only people working for your business are relatives and friends. They would never be a concern for you after all they are close to you. You may be surprised to learn that hiring friends and relatives may not be the best idea in the world after all. Not only can it lead to damaged relationships you could also find your business is not as secure from theft as you thought it was.
Below are some examples of stories that may grab your attention:
• From the eagletribune.com, Dec 27, 2017, by Breanna Bedlestein: “Plaistow woman accused of embezzling $400,000 from family business”
• bizjournals.com, June 27, 2018 by James Dornbrook: “Local woman gets 2 years for embezzling $466,000 from her family’s company”
• fredricksburg.com, Jun28, 2018, by Allison Brophy Champion: “Former Culpeper brewery partner pleads guilty in embezzlement case”
• hartfordbusiness.com, June 13, 2018, by Gregory Seay: “Former Middletown mayor arrested again on embezzlement charges”
In each of these cases a relative or friend who became a business partner was charged with or pled guilty to embezzlement from the business. Now if you are insistent on hiring family or friends to work for you it may not be comfortable to run employee background checks. Let’s face it, that isn’t going to be a pleasant discussion. That makes it even more critical that you go through manager training to stop employee theft.
In three of the cases listed above the embezzlement reached $400,000 or more before the accused party was caught. As a business owner you have to know the various methods employees (even family members) will use to steal from your company. Catching the theft only after this much has been taken could cause a business failure. Regardless of what the court orders for restitution chances are you will never recoup the full amount lost from the theft. It is also important to remember we have only looked at embezzlement cases. Employee theft may include merchandise, property, credit cards and outright cash theft. Manager training to stop employee theft will provide you with the information you need to know the ways employees steal and the indicators that will point to the activity.
The question becomes how do you get the training you need? Self-help videos won’t have sufficient information. Websites may offer it but then how do you know which ones are reliable? There are books on Loss Prevention but book reading and having a live trainer are not equivalent. The best source of training comes from people who have actual Retail Loss Prevention experience and have investigated numerous employee theft cases. There is no substitute for experience and that is why a company like Loss Prevention Systems Inc. (LPSI) is a logical choice to provide Manager training to stop employee theft. Having nearly 18 years of Retail Loss Prevention experience myself I know that the training programs offered by LPSI are effective. The instruction you will receive will prepare you with the information necessary to look at your store operations with a critical eye. Any attempts at theft will be easier to pick out and act on much earlier than it would for someone with no training. Losses become far less and may actually end up being realistically recoverable.
Employee theft can happen to any retailer from any quarter, even a relative or a friend. The trust a business owner places in a relative or friend can unfortunately be misplaced trust. Being trained on theft identification and prevention can be the difference between keeping a business open and being forced to close down. Find out how LPSI can meet all you training needs.
Need information on manager training to stop employee theft? Give us a call at 1.770.426.0547 now.
