Holiday Employee Theft - The Grinch That Stole Christmas
Listen to the most recent podcast episode as Dan Cosgrove talks about the increase in employee theft during the holidays, and what restaurants and other service-dependent businesses can do to make sure it doesn’t rob their profits.
A licensed Private Investigator, Dan has conducted Integrity Surveys over the past two decades across a range of business categories to uncover employee theft. That intelligence is then used to help those businesses develop effective loss prevention programs. In the restaurant industry alone, employee theft is estimated to be as high as 4% of sales.
Dan estimates that he has personally observed over 3,000 instances of employee theft! These observations have helped him to come up with tips that every restaurant/bar, retail, or service-dependent business can and should use to protect their profits.
Dan discusses why workplace theft increases during the holidays, and what owners can do to minimize it. This is what you will learn:
- Why employee theft is a fact of life throughout the year.
- How poor hiring and training practices can contribute to a rise in holiday employee theft.
- Why relying on honest employees to report theft is a bad idea.
- How to easily spot the most frequent forms of employee theft.
- What actions owners should take to minimize theft—and why.
- How a professional mystery shopping/integrity survey firm can help pinpoint problems and develop effective theft prevention practices.
Holiday Employee Theft - The Grinch That Stole Christmas [8:17m]: Play Now | Play in Popup | Download
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