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  • Identification Badges And Reduction In Employee Theft
    816 words
    The following memorandum written by a director of a security and safety consulting service discusses a critical issue effecting business in our economy today, that of employee theft. "Our research indicated that, over past six years, no incident of employee theft have been reported within ten of the companies that have been our clients. In analyzing the security practices of these ten companies, we have further learned that each of them requires its employees to wear photo identification badges ...
  • Losses From Employee Theft
    1,948 words
    OUTLINE I. Overview II. Myths & Misconceptions. Facts & Reality IV. Why Employees Steal V. Signs of Theft VI. Preventing Losses VII. Loss Prevention Programs V. Summary Overview Employee theft is clearly one of the most costly, misunderstood and underestimated business problems facing today's management. Studies conducted by the Department of Commerce, American Management Association, Joint Economic Committee of Congress, Universities and trade associations all decided that losses from employee ...
  • Electronic Monitoring In The Work Place
    559 words
    Electronic Monitoring vs. Health Concerns Is privacy and electronic monitoring in the work place an issue that is becoming a problem? More and more employees are being monitored today then ever before and the companies that do it aren't letting off. While electronic monitoring in the work place may be the cause of increased stress levels and tension, the benefits far exceed the harm that it may cause. Employees don't realize how often electronic monitoring happens in their work place. An estimat...
  • Used To Combat Employee Theft
    1,553 words
    In an industry where a 1% change in gross margin can mean millions of dollars, retailers have begun focusing greater energy on mitigating losses caused by employee theft. Employee theft has become a problem of increasing significance for retail organizations over the past few decades. In 2004, the European Theft Barometer report showed an increasing prevalence of employee theft in retail organizations, up 1% from 2003 (Technology Tackles Employee Theft, 2005). It's been estimated that "the outco...
  • Businesses Experience Employee Theft
    707 words
    It has been estimated that about $52 billion a year is lost due to employee theft and that approximately 95% of all businesses experience employee theft. Employee theft amounts to 4 percent of food sales at a cost in excess of $8.5 billion annually, according to the National Restaurant Association (Neighbors 2004.) The small Business Administration indicates that 60 percent of business failures are a result of employee theft. There are several reasons why the restaurant industry is extremely sus...
  • Types Of Internal Theft
    841 words
    Loss Prevention In today's economic condition, there has become an increasing need for small and large businesses to become conscious of ways and reasons that they might lose money. Companies need quality employees, effective management, and cost efficient loss prevention plan to decrease the total losses endured by a company. Losses in the workplace can come from many different areas, such as: internal theft (employee theft), external theft (shoplifting), and administrative (system) error. The ...

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