Business Security
Security is a primary concern on the forefront of many businesses, particularly given the recent events of September 11, 2001. Security and its relationship to employee theft is yet another concern. Today, businesses are more focused on security tactics to target and thwart internal theft. This fact is particularly evident in retail operations. The latest National Retail Security Survey reports that losses from employee theft have reached record levels and that total inventory shrinkage cost the nations retailers $32.3 billion last year, up from $29 billion the year before. Employee theft accounts for 46% of the total retail theft reported in the United States.
In general, employee theft is more a question of integrity and that must be communicated from the highest levels of the organization. While businesses should be managed with good strategic vision and tactical execution, employee-related problems inevitably arise. The question of employee integrity yields serious consequences for a business. Unless isolated and dealt with swiftly, these problems may have serious long-term crippling effects. Mysterious disappearances, misapplication of funds, embezzlement: the descriptions may differ, but stealing from your employer in any form is theft. The issue is extremely sensitive
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