3 ways of protecting your stock from internal theft
Unfortunately, when it comes to theft, it isn't only external shrinkage that businesses need to worry about. Business owners and managers also need to be concerned with theft carried out by employees and others who are connected with the company.
With employee theft accounting for 6% of all theft in the retail industries, and many businesses dealing with theft internally rather than involving the police, it is essential that all industries reduce stock loss by putting measures in place that reduce the risk of staff stealing.
Control access to high risk areas Restrict different areas to specific job roles
Restricting who can go where within your premises is a simple way to reduce stock loss through internal theft. Using controls that prevent unauthorised employees from accessing warehouses, high value stock rooms, counting rooms, and any other secure areas of your premises can minimise theft.
Using digital keypad entry systems, or card or fob entry systems rather than keys allows you to track who enters rooms by issuing individual codes and linking cards and fobs to employees.
Install and manage surveillance cameras Monitor your workarea to ensure the utmost protection
Installation of CCTV throughout your premises, including high risk areas such as loading bays, areas in stock rooms with low lighting, and point of sale areas, will deter theft and capture proof should anyone steal.
Signposting CCTV and informing all staff that they are being recorded will act as a deterrent as it shows employees that if they steal, it is highly likely that they will be caught. Using high definition recording equipment provides footage that employees and thieves can be easily be identified from, which can then be used to prosecute.
Effective training Restrict different areas to specific job roles
Carrying out training during employee inductions and throughout the year, where you educate on how internal shrinkage is dealt with will also help reduce internal theft. Outlining the disciplinary and legal procedures your company will take should a staff member steal and the ways in which you protect your stock can be an effective deterrent.
During training, you may wish to also outline the procedure any staff member should take if they discover that a colleague is stealing from the company.
Protect your stock today
If you would like to know more about how you can help protect your stock from employee theft,
contact our specialists today and discover more about securing your premises