In business, you will confront a variety of risks, including employee theft and a rival utilizing your intellectual property. Protecting your business from theft entails protecting it from little losses that accumulate over time. Prevention is key in business; preparing ahead of time can save significant financial losses later.
This guide by experts from Ranger Security Agency, the best provider of armed and unarmed security guards in Houston, TX, entails more information regarding tips on preventing theft from your business in Houston. Continue reading for more information. You can also contact us today for expert security guard services in Houston, TX.
7 Tips on Preventing Theft From Your Business In Houston
- Conduct Background Screening
While it may sound contradictory, persons who engage in workplace fraud are frequently the ones regarded as trustworthy by others. This is why it is vital to do background screening for incoming employees and contractors, especially if they will be handling transactions or sensitive financial information about your customers or business. A background check might assist you in making better hiring decisions while also serving as a barrier against employee theft.
- Conduct Theft Prevention Policy Training
Ensure that all of your employees realize that you have a policy of no tolerance for theft or fraud. Make them consent to a code of behavior that explicitly states how violators will be penalized. Businesses can also come up with anonymous channels for employees to alert management of suspicious. If everyone is aware that their coworkers are on the lookout, thieves will be deterred by the higher possibility of being caught.
- Establish Regular Audit Cycles
Regular audits can assist in detecting disparities and other issues in your business dealings. Unannounced audits can be especially successful since staff are less inclined to steal if they know an audit could come at any time. Consider engaging an external auditor to guarantee the audit is impartial and accurate. The audit should concentrate on payroll administration, compliance with regulations, supplies, and operational efficiency.
- Deploy Surveillance Cameras.
Closed-circuit television (CCTV) cameras enable video monitoring for businesses, capturing images or recordings of what happens when you are not present. Surveillance cameras can deter potential burglars and thieves, securing your business during and after work hours and boosting staff productivity. Position cameras in key areas and store footage.
- Create a Healthy Work Environment
A healthy work atmosphere in which workers feel appreciated and recognized for their efforts helps minimize job unsatisfaction, which is a significant cause of employee theft. Regular feedback sessions, employee appreciation initiatives, and fair remuneration can all help to create a healthy workplace atmosphere.
- Conduct Appropriate Recordkeeping.
Proper accounting is vital for avoiding and identifying theft. Account reconciliations and audits should be performed regularly. Closely monitoring financial activities lets you spot inconsistencies and take necessary action rapidly.
For example, controlled inventory inspections can disclose that things are missing. You can then analyze the evidence to determine what happened and who is to blame. The sooner you detect disparities, the easier it will be to track out the offender.
- Manage Cash.
The majority of thefts involve cash. It is vital to have a minimal cash policy. Keeping small quantities of cash on hand is an effective technique to prevent theft.
Contact Ranger Security Agency for Expert Security Guard Services in Houston, TX.
Engaging the Ranger Security Agency to guide you through the complexities associated with operating a business is vital to its success. Your actions today can have long-term consequences, either positive or negative. Contacting Ranger Security Agency can help guarantee you make the proper decision while safeguarding you from costly mistakes. Contact us today to learn more about the services we provide. We look forward to protecting and serving you.