Protect Your Business Against Staff Theft

 

Is your profit walking out of the door?  There’s no easy way to put this but you, as an employer, run the risk of your staff stealing from you.

Employees are in a perfect position to steal from your business; they are aware of the weaknesses in your systems and know who the supervisors and security staff are.  Smaller businesses may also be seen as being more vulnerable to staff theft than larger companies because of the lack of security measures.

Staff theft can come in a number of guises.  The most common include:

• Unauthorised personal use of the telephone/Internet, resulting in increased costs for your business
• Giving discounts or free goods/services to people who are not entitled to them
• Stealing stationery such as pens, paper and envelopes
• Stealing equipment from staplers to cameras to computer hardware
• Copying information files for personal use or for selling to third parties
• Copying computer software for personal use or for selling to third parties
• Producing false orders and taking the goods

 

While it's impossible to protect your business completely from theft by employees, make sure that you have in place a system of checks, references and supervision.  Ensure that you have a good disciplinary policy to deal with theft: making staff aware of the consequences should make them think twice about committing a crime.

You may also wish to consider arranging fidelity insurance, which can cover loss of your business money and stock as a result of dishonesty by your employees, including theft.

To find out more, contact your chosen Cherrypicked broker.

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To talk to an expert in your area and get a quote, contact your Cherrypicker.