Suggestions to Protect Against Employee Theft

Learn how you can prevent employee theft at your business.Suggestions to Protect Against Employee Theft

Unfortunately, employee theft is a threat that all small businesses face.  It doesn’t matter how kind you are to your employees or how well you pay them; there’s nothing you can do to completely remove this threat.  Luckily, there are things that you can do to reduce your business’s risk.  Try out these tips to protect against employee theft.

1) Be Smart About Hiring New Employees

When it’s time to hire a new employee, make sure that you do the necessary research.  Even if a candidate seems genuinely honest, you can’t always tell.  That’s why you should conduct a thorough background check on any candidate that you are seriously considering.  Additionally, follow up with their references and try to track down all their previous employers.  Oftentimes, a little detective work can save you from hiring a bad apple.

2) Monitor Your Employees

While you might dislike the idea of watching your employees, it is still one of the best ways to ensure that they do not steal your business’s profit or inventory.  By installing surveillance cameras inside your business, you can keep a virtual eye on your staff.  Usually, just knowing that the cameras are there is enough to prevent an employee from stealing.

3) Allow for Anonymous Reporting

Finally, it’s a good idea to have an anonymous reporting system in place.  While many employees are honest and would like to warn you about wrongdoing, many avoid reporting criminal activity because they do not want be called out or labeled as a snitch.  By setting up a system that allows employees to report suspicious activity without giving their identities, you will be more likely to hear about instances of employee theft.

Try out these suggestions to reduce your business’s risk for employee theft.  Want another way to protect your business?  Make sure you have the right commercial insurance coverage to address your needs.  To find the best policies for you, contact us at VGW Walker Insurance in Texas.  Our dedicated professionals are ready to assist you today.