What have you put in place to guard against incurring losses from dishonesty by staff in your business?

[Min George]

Staff can be so dishonest that they can cause the business so much losses with their dishonesty. What measures can a business put in place to prevent losses that dishonest staff can cause to the business?

 

[Trush Jodie]

A CCTV camera would do very well to prevent your staff from stealing products and raw materials that would cause the business to lose money.

 

[Augusta]

Reconcile bank statements, inventory records, and other financial data on a regular basis to identify discrepancies.

 

[eLdavis]

Though i do not have staffs yet, but when the time comes, the use of CCTV and proper recording would definitely help.

 

[Springtime]

Check your bank statements, inventory records and other office supplies regularly.

 

[Kross]

As much as possible, automate financial processes in the business and be sure you can monitor from where you are.

 

[Fire&Rain]

I’ve noticed the biggest help is a mix of clear policies and simple checks. In my experience, tracking sales, inventory, and cash flow regularly, and sometimes rotating duties, makes staff less tempted to bend rules. It’s like building a safety net, honest people aren’t bothered, and dishonest actions are much harder to pull off.