Preventing Employee Theft In Your Business

September 10th, 2020



As a business owner, you would never want to think badly about your employees. However, 75% of employees are reported to have stolen from their employers at least once. To make things worse, employee theft costs businesses $50 billion annually.

 For a business owner, those are alarming statistics as such actions may put legal, financial, and emotional strain on them as an employer.

 Here are some ways you can prevent your employees from committing fraud:

 

  1. What Can Cause Theft

 

The reasons for employee theft will vary. However, some circumstances can affect your employee’s decision to steal from your business. You need to understand those motivations and circumstances so you can properly address them.

 

  • Compensation - An employee who feels like they are not being properly compensated for their time and effort will most likely steal to make up for what they think they deserve.
  • Revenge - An employee who feels that they’ve been shamed, embarrassed, or ridiculed in front of customers or coworkers may steal as an act of revenge. Similarly, employees who have been dismissed or laid off may also commit theft.
  • Financial Pressures - An employee experiencing a financial crisis may commit fraud out of need or desperation.
  • Trauma - Traumatic life experiences such as marital status change, death in the family, or other events that may trigger a deep emotional reaction may drive your employee to steal as a way to channel their emotions.
  • Outside Pressure - An employee may be pressured to steal due to their peers or even their coworkers.
  • Opportunity - An employee may be tempted to steal all because they have the merchandise right in front of them. They may also be motivated to commit fraud due to weak financial control and cash management processes.

 

Having an understanding of those circumstances can help you identify the problem that needs to be tackled. Simply having a conversation with your employee may prevent theft.

 

  1. Establish A Work Culture Built On Trust

 

One proactive way to prevent employee theft is to create a work culture that puts honesty above all. A few ways to do this is to award honesty and punish dishonesty whenever applicable. You may also try extending a certain amount of trust to those who deserve it by giving them responsibilities to show that trustworthiness is rewarded in your business.

 Furthermore, get to know your employees outside of work. Trust can’t be built without having a solid relationship with them. Show that you genuinely care about them and their well-being.

 

  1. Set Up A Whistleblowing Policy

 

It’s more than likely that one of your employees knows whether or not someone is stealing. Getting tips from other employees is the number one way employers are alerted about theft in the workplace.

Your employees may feel guilty about snitching, so it’s best to set up an anonymous tip line wherein they wouldn’t have to disclose their identities.

 

  1. Install A Surveillance System

 

Video camera surveillance systems are an effective deterrent to employees who are planning on committing theft in the workplace. With cameras in place, your staff will know that they have a high chance of getting caught should they decide to steal. With this technology, you’ll also be able to monitor your business remotely.

Protecting your business is easy if you have the right tools available to you. Get professional security solutions today and safeguard your business with our top-notch security system. Contact us today for more information.

What Our Customers Say

"I had the Alibi system installed several years ago. It has functioned flawlessly. The image quality is exellent both night and day and in all weather conditions. I particularly like the replay (which can be set at various speeds) and zoom functions of the system. Tech support from Crimefreeliving has been excellent. I have received quick responses to questions, and timely home visits — as when I changed IP carriers and my Alibi system needed to be reset. I have recommended Crimefreeliving to several friends."

Rich

"As a small business owner here in Chico we definitely saw the need for video surveillance. After expressing our needs and concerns Tim did an excellent job getting us set up with the set up with the appropriate equipment. He really took the time to address our concerns in a very friendly, professional and knowledgeable manner. I highly recommend Tim for all of your business and residential video surveillance needs."

Ron H., Owner/Auto Doctor

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Gloria

"Tim Truby designed and installed a 32 camera system for us here at the Butte County Mosquito and Vector Control District. We had received several other quotes from security system vendors, but Tim’s quote was the least expensive. Tim also installed the system quickly and has always been available when we needed him. We are very happy with our security camera system and we can highly recommend Tim Truby for all of your surveillance system needs."

D. Weseman, Butte County Mosquito and Vector Control District

Crime Free Living updated our old video system with a new 16 Channel HD Alibi Video Security System. The old system had been added onto by different installers which resulted in a cabling mess. There were cables that worked and cables that went nowhere. It was a mess. Tim sorted it all out and installed cameras that are very clear. He also installed a monitor for our cashiers to watch hidden areas, a monitor to watch the entry door, and a monitor that allows employees to watch the outside parking and gas pump area. All work was done on time and very professional! Will always recommend Tim and Crime Free Living.

S. AM PM Chico Arco Station

"I had Tim install an Alibi Video Security System at my residence and a couple business locations. The remote view option is invaluable to absentee owners or anyone who travels a lot. The clarity and quality of the cameras have allowed for viewing employee theft. The evidence provided from the HD video cameras was fantastic! Tim was professional and provided extra value from his law enforcement background."

J. Folsom Arco Station

"Tim, I want to thank you again for doing such a fantastic job on installing a wireless IP security camera system at our dream home. The extra time that you took to hide wires, and install a clean, professional system is much appreciated. I still can’t believe the clarity, quality, and ease of use of this new system. I wished that I would have met you before our original inferior system was installed by another company. Now, whether I am at home, or monitoring the system from around the world, I know that my home and family are safe and sound."

John M.

"In April of 2017, my husband and I made a phone call to Crime Free Living that turned out to be a smart and wise decision. Amazingly, in just a few hours, Tim installed four Dome Security Cameras, weatherproof enclosures, and hooked up into our home a 23" Full HD Widescreen Security Monitor. Even more than his professional expertise was the time spent with us in making sure that this system was working correctly and properly installed on our phones so that anywhere in our travels we can monitor our new home in Magalia."

Tieka and Don S.

"I have been using Crime Free Living for the last couple years ar work and at home and I really recommend this product. Tim is a very good service provider. If he can't figure it out, he's got good tech support with the system that he offers."

Gary D.

"I have known Tim for over 10 years. To date, Time with Crime Free Living has installed two separate surveillance systems for my company. With each system, Tim has listened to my needs and custom dsigned surveillance systems for my specific needs and within my budget. The equipment used is always state of the art, the workmanship is top notch, and Tim is the example of trustworthy. I would recommend him for any job."

Steve D., Down Range Indoor Training Center

images Certifications & Training

With 16 years of experience in law enforcement, Tim Truby, CEO, is fully certified in video surveillance and training.

  • Certified Advanced Crime Prevention Specialist
  • Academy Instructor Certification
  • California POST Certification in Specialized Surveillance Equipment
  • California POST Certification in Basic Crime Prevention
    • Advanced Crime Prevention through Environmental Design
    • Certified Alibi Security Dealer
    • Enhanced Risk and Threat Assessment (FEMA)
    • Incident Command System (100 & 200)
    • Certified Cognitech Video Forensic Investigator
    • Neighborhood Watch Toolkit Trainer
    • Computer Crimes/Investigations
    • Domestic Crisis for Crisis Negotiators