- Creating a co-operative and positive workplace – encourage a work/life balance, encourage staff involvement in the some parts of the running of the business. If you have happy staff, you‟re less likely to be a target of employee theft and they‟ll act in the best interests of the company.
- Determine internal controls – this is basically suggesting that your business should have a detailed policy and procedures manual incorporating the operations, compliance with laws and regulations, safeguarding of assets and reporting controls and the specific duties and responsibilities of each employee.
- Recruit honest personnel – this is easier said than done, but if your style of auditing is weak and needs developing or even starting then it is even more important to have honest personnel around your business. One way to help to recruit honest people is to conduct background checks on them through a previous employer reference check, requesting a criminal history check for the individual, traffic convictions history check or educational verification checks on degrees.
If you find this interesting and would like to know more on how you can implement this into your business, call 9301 0077 and sign up with our Business Theft Prevention Program.
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