I’m fascinated to read that the over 65 demographic group is cashing out their 401Ks and buying into franchise opportunities in record numbers. In some cases it is natural progression after retiring, and in other cases it is a reaction to downsizing.
At first, I was concerned – for their financial security and [...]
I have been reading many articles, across many industries, stating that video surveillance systems are the key to eliminating theft. Well, let’s first say – NOTHING CAN ELIMINATE EMPLOYEE THEFT completely. You can only hope to reduce it and contain it.
Averaging 1 – 3% of sales annually, “shrinkage” as it is [...]
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 [...]
Holiday Employee Theft - The Grinch That Stole Christmas [8:17m]: Play Now | Play in Popup | DownloadThis time of year is always difficult for me. ‘Tis the season’ as they say, and I always know that it’s here when our surveying visits (structured research that observes customer-employee interactions) for our restaurant and retail clients reveal spikes in obvious employee stealing.
Recently, I personally witnessed theft in five out of six establishments I [...]
I recently read that theft is rising at Wal-Mart stores. Not only by shoppers, but from employees “helping themselves to goods they haven’t paid for.” This contributes to what many companies call “shrinkage” which is inventory losses related to everything from supplier issues to shoplifting. What Sam Walton, as the article states, used to call [...]
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