Blake & Associates
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LOSS PREVENTION
Whether your business is retail, wholesale, manufacturing, service, hospitality or
high-tech you are more than likely experiencing some form of employee theft.
The list of items employees steal from their employers is endless. It includes
items such as cash, inventory, parts, components, supplies, customers, and
information. Studies from the Department of Commerce indicate that employees
steal over a billion dollars a week from their unsuspecting employers. Other
studies estimate that nearly one third of all business bankruptcies are due to
employee theft as it takes approximately $20.00 in sales to offset each dollar
stolen.
When you couple the impact of employee theft in the retail industry with
shoplifting the resulting inventory shrinkage is staggering.
Source of Inventory Shrinkage % of Loss* $ Lost
Employee Theft 48.5% $15.1 billion
Shoplifting 31.7% $9.7 billion
Administrative Error 15.3% $4.8 billion
Vendor Fraud 5.4% $1.7 billion
Total Inventory Shrinkage $31.3 Billion
Common management misconceptions which are prevalent amongst senior
business managers are:
1) Most theft is caused by non-employees
2) Well paid and/or senior employees are trustworthy and don't steal
3) Honest employees can be counted on to report employee theft
4) There is no need to formally inform employees that any form of theft will not be
tolerated.
There are as many signs of employee theft as there are ways to steal. Some of
the more common signs include inventory or product found near employee exits
or dumpsters, sensitive documents found in copy machines, employees in key
positions who refuse to take time off, photocopied documents used in lieu of
originals, employees who appear nervous when you try to talk with them or who
insist on cashing out their own drawers.
As a business owner you can not tolerate employee theft. It may very well send
the company you have worked so hard to build into bankruptcy. If you suspect
you may be experiencing this problem Blake & Associates can help. With years
of law enforcement experience we understand proper evidence collection
procedures, interview and interrogation techniques and your employees civil
rights. We can gather the evidence you need to either terminate the employee or
build a case for criminal prosecution. We also coordinate our efforts with your
local law enforcement agency so that if and when the time comes to make an
arrest it will be done legally and with the full liability protection you need to
protect your company.
If you suspect you may be experiencing this problem or others, such as
workplace drug use you more than likely are and it has probably been going on
for some time.
Whether your business is retail, wholesale, manufacturing, service, hospitality or
high-tech you are more than likely experiencing some form of employee theft.
The list of items employees steal from their employers is endless. It includes
items such as cash, inventory, parts, components, supplies, customers, and
information. Studies from the Department of Commerce indicate that employees
steal over a billion dollars a week from their unsuspecting employers. Other
studies estimate that nearly one third of all business bankruptcies are due to
employee theft as it takes approximately $20.00 in sales to offset each dollar
stolen.
When you couple the impact of employee theft in the retail industry with
shoplifting the resulting inventory shrinkage is staggering.
Source of Inventory Shrinkage % of Loss* $ Lost
Employee Theft 48.5% $15.1 billion
Shoplifting 31.7% $9.7 billion
Administrative Error 15.3% $4.8 billion
Vendor Fraud 5.4% $1.7 billion
Total Inventory Shrinkage $31.3 Billion
Common management misconceptions which are prevalent amongst senior
business managers are:
1) Most theft is caused by non-employees
2) Well paid and/or senior employees are trustworthy and don't steal
3) Honest employees can be counted on to report employee theft
4) There is no need to formally inform employees that any form of theft will not be
tolerated.
There are as many signs of employee theft as there are ways to steal. Some of
the more common signs include inventory or product found near employee exits
or dumpsters, sensitive documents found in copy machines, employees in key
positions who refuse to take time off, photocopied documents used in lieu of
originals, employees who appear nervous when you try to talk with them or who
insist on cashing out their own drawers.
As a business owner you can not tolerate employee theft. It may very well send
the company you have worked so hard to build into bankruptcy. If you suspect
you may be experiencing this problem Blake & Associates can help. With years
of law enforcement experience we understand proper evidence collection
procedures, interview and interrogation techniques and your employees civil
rights. We can gather the evidence you need to either terminate the employee or
build a case for criminal prosecution. We also coordinate our efforts with your
local law enforcement agency so that if and when the time comes to make an
arrest it will be done legally and with the full liability protection you need to
protect your company.
If you suspect you may be experiencing this problem or others, such as
workplace drug use you more than likely are and it has probably been going on
for some time.
| Don't wait until your inventory shrinkage problem forces you into bankruptcy, call us today for your free consultation. (423) 436-0210 |