The 2010 National Retail Security Summary (NRSS) is out. I had a chance to read it the other day. It shows some interesting data sent in by 140 retailers nationally. Employee theft remained at about 45% of retail inventory losses reported. This was about the same proportion as last year, according to the NRSS.
The two biggest causes? Sales associate turnover and a heavy reliance on a part time work force.
Retailers are bombarded by the constant flux of open positions and payroll cuts. Combined, they leave little to the employee to hold on to. Often feeling overworked by having to compensate for being short handed. They then are on hourly restrictions, that often decrease their hours to compensate for the payroll reduction.
This creates a breeding ground for inconsistent paychecks and ill will toward their company. Hmm. That explains why so many associates jump ship for other jobs as soon as they can find one. It also explains why the two biggest reasons I hear for employee theft are:
“I felt like they [the company] owed it to me” and “I couldn’t afford it”
Well, now that we have gotten ourselves into this predicament, how do we get ourselves out?
Not just any old background checks either. I am talking about ones conducted by a real background check company with background check experts compiling data and analyzing risk factors.
I personally don’t have time to interview every application that comes across my desk, for every open position. I need someone with an expertise in background checks to give me the cliff notes version of the resume in front of me. I need a Background check company to be a watchdog for me.
My time is limited on who and how many applicants I can interview. If I am armed with information from pre employment screening that saves me from wasting my time, background checks are well worth the investment!
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