Preventing internal theft
Internal theft is an important part of your business crime prevention program. Below are steps to take seriously to lower your company’s risk for internal theft.
- Before hiring, thoroughly investigate the background of prospective employees. Be sure to check personal and credit references.
- Diplomatically inform new employees of your company’s internal theft policy, what constitutes “internal theft” and provide this information in writing in your new employee handbook.
- Ensure that employees who are hired to handle accounting and funds are adequately bonded.
- If possible, never give one employee sole responsibility for the company’s accounting.
- Number and log all keys before issuing them to new employees.
- Conduct “exit interviews” with employees who are leaving. Significant information may be revealed at this time regarding internal theft.
- Most importantly, as an employer, provide a consistent example of honesty, fairness and accountability.