Estimates indicate that nearly one third of U.S. employees steal from their place of business, which makes them nearly as big a menace as shoplifters. Setting clear policies and procedures can help protect your bottom line against employee theft, but you should also run background checks on potential employees. Don’t give anyone sole responsibility for any specific task, and maintain an open eye at all times. If you suspect employee theft is already a problem within your store, install a few well-placed surveillance cameras, perhaps even telling your employees about the cameras to keep them honest and prevent a lowering of morale.
For more on employee theft, be sure to read Eight Tips to Prevent Employee Theft and Fraud.