According to reports issued by the National Retail Security Survey within the past two years, retailers in the United States lose more inventory to their own employees than they do shoplifters! As a business owner, it’s a sad reality to swallow; employee theft accounted for about 45% of retail losses in 2010.
While many retailers and businesses may have advanced technology and/or tactics to detect theft in the workplace, gaining control of the situation may not be as easy as you’d think. Fortunately, for businesses engaged in a co-employment arrangement or employee leasing solution, a PEO can help when it comes to employee theft. How?
- PEOs offer recruiting assistance, to make sure the right employee is hired and stays put. This assistance will most often include criminal background checks and the use of electronic database information that helps connect the dots if there are multiple aliases out there.
- Employee drug testing will ensure that your existing employees are responsible and clean, which limits security and/or safety risks within your place of employment.
- Best practices: A trusted and knowledgeable PEO will offer guidance on employment regulations, compliance and termination requirements. When you work with a PEO, you have access to HR experts!
- Even if you have proof that an employee has stolen from you, there are numerous ways a termination could go wrong. By partnering with a PEO, the termination process becomes a bit easier. Through a co-employment arrangement, PEOs take care of any legal issues, and through best practices, a PEO can save you the stress of a possible lawsuit.
For more information on the many benefits of PEOs, call PEO Advantage at 877-636-9525 or contact us today.