Safety In Numbers
|Posted on 24 October, 2016 at 10:20|
Darrell Smith CFE, ARM, CIM, FCSI
Whether you are in manufacturing, retail or a service industry. Your employees steal from you for all the same reasons. Criminologists state that three elements must be present in order for employee theft to occur,
1. Motive: Employees may have financial, gambling, substance abuse problems, or may just feel they are unappreciated or under paid at work.
2. Opportunity: The lack of security control systems and clear cut policies and procedures. Make it easier to steal from you.
3. Justification: Is simply the employee justifying his actions by saying I will put it back, it's not really stealing or they want me to take it.
Once all three elements are in place you have employee theft. The 10-10-80 rule states that;
- 10% of your employees will steal from you at each and every opportunity.
- 10% of your employees will never steal from you at any opportunity.
- 80% of your employees may or may not steal from you based on motive, opportunity, and justification.
As employers we have no control of an employee's motive or justification, but we can do something about opportunity. Being pro-active to prevent employee theft is more effective, and costs a lot less than being reactive. An effective employee theft prevention program should include the following preventative measures.
In conclusion a proactive approach to employee theft will be more cost effective, providing a greater Return on Investment.
Categories: General Topics