Tag: employee theft
Loss Prevention StatisticsWhen you view loss prevention statistics, it is clear theft poses a major issue for all companies, regardless of size. Armed with knowledge and modern...
Profit Loss: The Tip of the IcebergProfitability is the key to success for any business. When you consider 82% of all businesses fail due to poor or negative cash flow, profit loss...
Constructing a Restaurant Loss Prevention ChecklistCreating a restaurant loss prevention checklist is critical for the success of your company. Every year businesses lose millions due to customer and employee theft....
DIGIOP Reveals Improper Inventory ManagementInventory loss (also known as inventory shrinkage) costs the American retail industry over $45 billion annually*. Improper inventory management is a key component of inventory...
Red Flags: Employee Theft at the Cash RegisterShockingly, 33 percent of all businesses go bankrupt due to employee theft*. Laziness and dishonesty can put a significant dent in your cash register’s profitability....
Excuses, Excuses: Rationalizing Employee TheftWhether skimming cash from a register or falsifying records to cover theft, dishonest employees almost always have what they feel is a valid rationalization for...
Refunds for Cash Scheme ExposedA casual restaurant recently employed the DIGIOP Loss Prevention team to conduct an audit and review their exception reports. DIGIOP experts were able to expose...
Time is Money: How to Stop Time TheftWhile there are many types of employee theft in the workplace, time fraud can be expensive for your business especially with 43% of workers admitting...
Prevent Employee Theft with Cash ProtocolsEstablishing detailed and thorough cash protocols is key to keeping retail profits and preventing employee theft. Cash management may seem like a basic skill in...
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