When it comes to just about any of life’s problems, it seems that knowing is at least half of the battle. The remainder usually consists of planning, implementing, and following up. Protecting your business from employee theft or shoplifting is no exception. The more you know, the better you can prevent incurring preventable loss. When it comes to running a business, time is arguably the most valuable and scarce resource; even more than financial assets. If you do the math, investing a relatively small amount of time to obtain loss prevention training from a workshop or loss prevention seminar can save not only cash profits, but enormous amounts of time down the road.
When confronted with the reality of shoplifting in your store, it is easy to assume that the best option would be to hire an expensive security guard to monitor the store 24/7, or buy the latest and most advanced surveillance system. While these options may yield some effective results, spending a fraction of that cost and time on a quality loss prevention workshop can potentially yield far more effective results, giving you more bang for your buck. Quality loss prevention training will teach you how to effectively collect information that may indicate organized retail crime in your store, allow you to identify different patterns of theft, and create an effective, tailor-fit plan for your business.
But quality loss prevention seminars don’t only provide the knowledge and training necessary to prevent shoplifters from stealing stock. They provide you with the coaching to identify, investigate, and resolve employee theft—theft that can have a far worse impact on your bottom line. When it comes to deciding who should be a part of your business, fewer decisions can be more important. Hiring the right people to work for you is essential to remaining profitable. This is not only because you need employees who can do the job well, but also because you need honest people who will not take advantage of their position. Loss prevention seminars can teach you how to properly screen employees before hiring them, key indications that an employee might be stealing from you, various methods by which employees frequently take advantage of their employers, and how to resolve these issues as they arise. For example, many seminars will teach techniques like till salting to uncover cash theft, how to investigate stock discrepancies, and other essential skills to protect your assets.
Receiving training from loss prevention professionals, who make asset protection their business and living, can be invaluable. They can share a wealth of experience and information that they learned first-hand that can save you from having to do so. When I worked for a retailer in the loss prevention department, I discovered graffiti in the stockroom that spoke unfavorably about the company. It was obvious that there was a disgruntled employee in the store. After launching an investigation and monitoring the area, we discovered the disgruntled employee who, when confronted, admitted to hundreds of dollars in theft. Restitution was recovered not long thereafter.
Asset protection workshops offer a wealth of information from hundreds to thousands of hours of experience so that you don’t have to waste hundreds of your own. The knowledge you can obtain by spending a small fraction of time will continue to save you time and money well into the future. And, unlike other quick-fix methods, the knowledge will not break, quit, or cease to work.
For more information contact us at Loss Prevention Seminar or call 1.770.426.0547