Retail
Employee Theft
Retailers Lose $36 Billion to Shrink in 2008
We can assist any retailer with
a single store or a national chain to develop
awareness to employee theft methods and how to
minimize those opportunities. Shrink reduction must
concentration on the operational integrity of the
systems in place. Call us to assist with your
employee theft issues. We can make a substantial
difference to your bottom line.
According to the 2008 National
Retail Security Survey, published annually, by Dr.
Richard C. Hollinger, retailers lost over
$36 Billion
or 1.51% of sales to loss. Employee theft
comprised $15.5 billion of that loss or nearly
43%. It is estimated that over 14% of the employee
theft involved collusion with other employees or
outsiders. Shoplifters accounted for 35.6%.
Our consulting services can assist
your company in two ways:
-
Active Investigation "Virtual"
Assistance.
Companies can not always afford to have a private investigation
performed over several days or weeks with an investigator on
the ground. It also may be premature to contact law
enforcement. Internal resources may be sufficient
to conduct the investigation but they lack an
investigative strategy. How can you proceed
successfully?
We offer to partner with management via
phone, video and web conferencing to help guide an
investigation. We offer consultation in document
examination, evidence gathering, interview strategy, and
prosecution.
Creating a
proactive theft awareness program. The best
approach to theft and fraud detection is to be vigilant
through awareness. Awareness is both a formal
process through checks and balances and internal
auditing and through education.
We can help your company after an embezzlement has
occurred by analyzing many of the bookkeeping functions
to identify causation and to strengthen related
processes.
In addition we
provide substantial corporate level experience to
review operational policies, procedures and
practices to allow creation of a more proactive
approach.
For more information about employee theft
detection and investigation click
here
to read our original articles.
Call us today at 713 899 2402 or
email us for a confidential discussion of your needs at
no charge.
