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Pre-screening potential employees may save you millions later
Consider this: When shrinkage occurs, the average case value (value of the goods stolen) for an employee is $902.53, while a shoplifter averages $114.02. Which of the two should you be most concerned about?
Both, certainly, but as the above illustrates, employees are stealing far more from you than your customers are.
Although a certain amount of employee theft is unavoidable, according to Kelly Evely Ansboury, a director of Beachwood, Ohio-based IntelliCorp Records, there are ways to reduce the probability and percentage of employee-caused shrinkage. The answer lies not only in conducting the proper background checks, but doing it before the employee is hired.
"I can't emphasize that enough," said Ansboury. "While most of our retailer clients will do employment screening on a pre-hire basis, one of our largest routinely screens post-hire-and that's not something I would recommend." The reason, explained Ansboury, has as much to do with morale as with the potential for theft.
"If I have accepted a job, my...