Higher in the United States employee theft
According to The Global Retail Theft Barometer, an annual research study retail reduce and theft through several countries, American retailers are theft of employees more than any other country or region in the world. Take into account the enormous difference in the number of retailers in the United States to Canada, and one can conclude that employees in the United States they steal more than...
Read MoreGift cards: the perfect gift for some, the perfect theft for others
Not sure if the gift card fraud is still a problem in the business environment. Take a look at these recent headlines. Framingham man accused of stealing $20 K Natick Nordstrom. New scam: Clone gift cards, spy software, which keeps track of recharge. The first is a cashier who stole more than $18 K in its total dishonesty through a scheme of gift card which includes return false merchandise in...
Read MoreEmployee theft: when his greatest asset is a responsibility
Greatest asset of the retailer is the employee of the store. Store employees are requested to take into inventory, shelves, help customers, ring sales and maintain the profitability of the store. As it is so dependent on this unique resource, do you think would happen to the same asset works against the same company that uses? Although the economy appears to be better than it was a year ago still...
Read MoreEmployee discount abuse – theft of employee or inadequate training?
Employee discount programs are a major constraint for recruitment, provide employees with an incentive to “buy the brand” and create an opportunity for increased sales. The problem is that when abused, it may erode profits of the business. Erosion occurs when customers buy goods at employee prices. In our experience to investigate and deter abuse of discount, we discovered three...
Read MoreHow much should you spend in detection of Fund?
Recruitment of a new associate costs each company monetarily from the moment they accept a request. Most companies have a process in several steps when it comes to interviews and generally the higher the position within the company, the steps involved in both the interview and recruitment process. The same can be said of many companies when it comes to a background screening. Managers, directors...
Read MoreSpeaking to employees of theft it cause more employee theft?
During one of our recent meetings with a perspective, an Executive asked why should talk with employees about employee theft. Was its raison d ‘ être if it spoke with them about how you steal employees, wasn’t he giving them ideas on how to steal from your company? Now putting this conversation in the right perspective, our meeting was a mid-size retailer without a function’s...
Read More