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27 8 The Most Effective Retail Employee Theft Reduction Strategies English Edition. Security mirrors also are helpful in ensuring employees dont decide to steal from you either. Employee theft accounts for about 30 percent of losses.
Public Employment Services In The Frontline For Employees Jobseekers And Employers from www.oecd.org
In 2014 organizations lost over 11 billion in tangible and intangible assets as the result of employee turnover. To that point employee theft is the largest source of inventory shrinkage in the American retail industry and third largest in the UK. If your POS system is out of date it can be nearly impossible to detect theft unless you physically see an employee stealing cash or purposefully overcharging a customer.
Losses from employee theft are 30 higher than losses from shoplifting.
Security mirrors ensure that employees can have their eyes on shoppers at all times and from all angles. A cashier can ring up a reduced price on a product to hide theft from the till. The most common way a theft occurs is through shoplifting. Participants were purposefully selected because of their experience implementing effective employee turnover reduction strategies.
