Gästebuch » Theft Prevention Equipment

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Every company must take proactive steps when it comes to reducing employee theft. My husband works for a privately owned business where the company president has taken the time to hire top notch sales people.

One day, my husband noticed an account that wasn't producing sales, but had been given the best pricing discount. While he questioned this Camiseta Jan Oblak Atletico Madrid , the sales VP consistently waved it off. After looking into the account further, he found out what was going on. The VP and another executive had set up the account to source product for their own resale in the gray market. The company quickly went into a downward spiral.

Financial resources were directed to prosecuting these two executives and every employee felt the impact. New product development slowed which gave the company's competition an advantage. As marketing efforts were scaled back, sales couldn't deliver on their projections. The sales pipeline shrunk Camiseta Saul Niguez Atletico Madrid , manufacturing dropped below capacity, profit sharing plummeted and employees were laid off.

Today, the company has recovered Camiseta Antoine Griezmann Atletico Madrid , but it was a slow process. The executives were prosecuted and the company was lucky. They learned an important lesson about employee theft the hard way.

How is your business? What steps are you taking to avoid employee theft?

The Real Consequence of Employee Theft

The Association of Certified Fraud Examiners has reported a typical business will lose 6% of revenues from employee theft. The report mentions that small businesses are especially vulnerable since they don't have the resources in place for theft detection and avoidance. It is estimated that 13 of business bankruptcies could be avoided if companies had better theft prevention practices.

You work hard for every dollar in today's economy. Each dollar needs to stretch further than ever before. Take some proactive steps today to help reduce employee theft. Here are a few ideas:

1. Screen potential workers to see if there is past history of criminal activity. You can also check credit histories and other information that may not surface through a normal employment check.

2. Have a good system in place for bookkeeping. Don't let the same person that processes checks also process receipts.

3. Review bank statements each month prior to passing them to the bookkeeper.

4. Have a strict policy for expense reports and be sure to audit them prior to payment.

5. Conduct physical inventories and reconcile this inventory to company sales.

6. Control check & document signers by limiting the number of signatories to a limited number of trusted employees.

7. Keep tight control on petty cash. Develop a system that requires a receipt and signed vouchers for all petty cash distribution.

Theft Prevention Equipment

Another step in reducing employee theft is to invest in security and fraud resistant products. A simple locking cash drawer is perfect for small businesses. Be sure to purchase a drawer with an internal locking safe so that large denomination bills and documents are secured from pilfering hands. In many cases, a locking cash drawer can . Cheap Jerseys Wholesale Cheap Jerseys Wholesale Cheap Jerseys Wholesale Cheap NCAA Jerseys From China Cheap New NBA Jerseys Cheap Soccer Jerseys Free Shipping Cheap NCAA College Jerseys Wholesale Jerseys Free Shipping Wholesale Jerseys Free Shipping Wholesale Jerseys Free Shipping