What are the ways to reduce high theft rate in business?

[Cherry123]

The truth is that a lot of times business faces quick failure because of the level of theft confronted by it. To help a business stay almost theft free you can do the following;

Be security conscious. Let there be security personnels to guard the business premises

Have surveillance equipment like the CCTV installed to view what customers are doing

Have good sale's rep that would help keep an eye on what the customers are doing.

Add your thoughts.

 

[cooldude]

Most times this theft happens from someone close to you. So make sure you have employees that you can trust and won't mishandle and mismanage your funds.

 

[jonaville]

Nice advice but what about the smaller businesses that cannot afford all these you mentioned? The sad truth is that these ones are bearing the majority of theft, as they don't have the means to implement anti-theft measures.

 

[Inemesit]

Nice advice but what about the smaller businesses that cannot afford all these you mentioned? The sad truth is that these ones are bearing the majority of theft, as they don't have the means to implement anti-theft measures.

These things have become essential for all businesses. If one can't afford them at a particular time for his business, one should work on getting them no matter how small your business is. Any business that has stock without having a CCTV camera is not ready to do business in the modern times.

 

[Shavkat]

Aside from the technical things mentioned, it can also be best to require the applicants to secure a certificate that they have not had any violations or criminal acts incurred before. They can acquire this from police precincts and other agencies that should be required by the companies. Some companies also ask their previous employers if they never committed this kind of crime while working with them.

 

[eLdavis]

One way to reduce this is to pay your workers well and treat them well. In some cases, some ot these workers steal not cause they want to but simply because they do are not being paid enough and they do not have the discipline to control themselves in terms of doing the right thing. Hence they end up stealing.

 

[Johnson Victory]

There are a few things you can do to reduce tgeft in business. First, it's important to have security measures in place, like security cameras and alarms. You should also train your employees on how to spot and report suspicious behaviors.
Additionally, you can reduce theft by keeping an accurate inventor, so you can quickly identity any missing items.
Finally, you should make sure your employees are well compasated and feel valued, as this can reduce temptations to steal.

 

[DeLight]

At the beginning of a new business, the owner must be ready to perform so many functions outside of being the MD/CEO. He should be the security, sales rep, customer service and more regardless of if he has employees in place for such roles. It is easier to incur losses especially at the beginning when any aspect of the business is taken for granted.

 

[olagold1]

First thing is to make sure you are paying your workers a pod salary, the salary must be worth it. Then certain things need to be put in place, things like CCTV camera, a well computerized sales record system, and also you need to regularly audit your sales.