08 Feb 2018

Learn how you can reduce your risk of employee theft.

Even if you are the kindest, most honest business owner in the world, this isn’t enough to eliminate the risk of employee theft.  Luckily, there are security measures that you can take to reduce your business’s risk for employee theft.  Here are some tips that you should consider.

  • Have Strict Standards When Hiring

One of the best ways to be proactive about preventing employee fraud is by hiring good employees.  When it comes time to hire an employee, make sure that you conduct extensive research about the candidate that you are considering.  Follow up on all their references and try to track down all previous employers.  Oftentimes, doing a little detective work can uncover previously undisclosed instances of fraud.

  • Monitor Your Employees

While you might hate the idea of watching over your employees’ shoulders, it’s important to keep in mind that you are doing so for the sake of your business.  Install security cameras and review your employees’ work regularly.  By staying vigilant, you can often catch a bad employee before they rob your business dry.

  • Encourage Employees to Speak Up

Finally, you can prevent employee theft by encouraging your other employees to speak up if they notice anything that seems out of the ordinary.  Consider setting up a system that allows for anonymous reporting for those employees that don’t want to be recognized.  This way you will have more than just your eyes watching out for bad behavior.

Try out these tips to prevent employee theft in your business.  Want another way to help you protect your business?  Then make sure you have the proper commercial insurance in place.  To find the right policies to meet your needs, contact the experts at Patterson & Associates Insurance.  Our dedicated team is ready to get your covered today.