data theft, workplace theft, sensitive information protection

Dos and Don’ts to Prevent and Deal with Workplace Theft

Believe it or not, even small thefts at your workplace can have a large negative impact on your business. In fact, according to ARS, the median loss for companies with 500 or less employees is $280,000 per year! To add insult to injury, small companies usually have far less anti-theft measurements in place and are even more susceptible to theft than large organizations, according to Tim Dimoff.   As a business owner, it is important to have specific guidelines in place when you suspect or have been told an employee is stealing from your organization. This is a very serious allegation and, unless you have definitive proof, it requires a very thorough process before dismissing or reprimanding said employee.   For example, earlier this year, an ambulance company employee was charged with taking three water bottles and a container of germicidal wipes out of the ambulance and placing them into his personal vehicle. The value of the items was under $50, yet this is still considered workplace theft.   Below are the dos and don’ts of preventing and/or dealing with theft at your place of business. Follow These Dos and Don’ts DO establish workplace theft policies and procedures. Make...

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