Prevent Shrink, Increase Profits: the Impact of Responsible Hiring on Retail Shrink
With retail shrink sucking a whopping $31 billion dollars or more out of retail profits annually, finding effective ways to combat shrink in the retail environment is one of the best ways to increase a business’s profitability. And although shoplifting is the most recognizable form of retail shrink, it is not the most costly—not by far; individuals within an organization account for much higher levels of retail shrink.Three out of the top four sources of retail shrink come from either employees or vendors. Administrative error alone accounts for up to 15% of shrink; vendor fraud, most often committed by vendors invited into the store for purposes of restocking, constitutes the smallest percentage of shrink (within the top four), but still ranks high on the list.
Ted L Moss Interviewed on WTAM
CAN WE EXPECT PERSONAL PRIVACY IN A FREE SOCIETY
In 1787, the framers of the Constitution penned a magnificent document.
That document was intended to be a literal framework from which we could
derive the laws of our land; Laws which are essential to and ordered and
prosperous society.
Attached to this article you will find a PDF document that makes recommendations of security measures at various threat levels. It was put out by the Department of Homeland Security and is quite comprehensive. There are some really great recommendations in this document for small and large organizations alike.
Background Checks: Make Sure of What You’re Buying
If you’re getting ready to hire, consider these sobering statistics:
International Background Checks
Criminal record searches are available in many countries. Since September 11th,
many companies are offering these checks to the business community. Not all of
these checks are accurate and do not translate well to American criminal justice
standards.
Covert Video Surveillance
Questions about the legalities of installing covert video arise often. The safe and easy answer is: contact an attorney. The expedient and practical answer is…