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How To Prevent Employee Theft

How To Prevent Employee Theft

Your employees couldn’t possibly be stealing from you, or could they? As much as you might want to think that you’d trust each and every one of your employees come what may, it might shock you to learn that theft costs larger organisations almost 55% of their total revenue every year. In fact Statistics Brain, an online survey site, goes as far as to suggest that 70% of all business fraud is carried out by current and previous employees.

Clearly this is a worry for Australian businesses of all sizes but there are steps that you can take to make sure that your company doesn’t go down the pan because the people you trusted clearly let you down big-style.

Find out just who you’re employing

The thing is that with so many companies turning to agencies to supply them with people when they’re short staffed during busy period,s or to cover if a person is away on maternity or paternal leave, then it can be hard to keep tabs on just who’s in the office. As a result trust has become a major headache for many employers. To deal with this problem you may want to consider carrying out some back ground checks just to put your mind at ease that they haven’t had problems in the past with theft or fraud. This is really important if you’re hiring a person who is in a position of trust, either handling money or with access to confidential files. There are many reputable companies who you can call upon to carry out back ground checks, especially if you have an uneasy feeling about a particular employee.

CCTV

Just the very presence of CCTV might deter anyone intent on stealing from you to think again. CCTV systems are easy to set up and can be used to monitor areas such as locker rooms where a thief may be storing items to leave the building with, the shop floor, offices, and warehouses.

Entrance key pads

If your business is located over several floors then you may want to consider installing security key pads at each entrance point to the floor. This means that anyone moving between different floors will need to have access to the code to gain entry or give proof of who they are before being allowed in.

On-site security

Finally you may want to consider hiring on-site security personnel or a security guard. These often play a dual role in as much as they act in the role of a receptionist but are also trained in all manner of security practices. They know the ropes when it comes down to spotting people who are acting suspiciously and since they’re sat at reception they’ll also come to recognise people who they see entering and leaving the building on a regular basis.

Hopefully this has given you some food for thought with regards to lessening the threat of theft or fraud in your business. If you want to find out more about protecting your business then why not get in touch with MA Services Group. We’ve got a wealth of experience in the industry and are only to please to offer you sound advice. Call us today on 03 9994 4107 and speak to a member of our friendly team.

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