Shoplifting is the number one threats in your views to your retail business in Dubai, whenever you think about threats to your retail store. But there is another big and horrifying threat that will hurt your retail business in Dubai mall more than another threat and that is; Employee Theft!
According to some global research employees steal more from retailers than the average of shoplifters.
There is also another big threat to retail business in Dubai that is just co-related to employee and it is many of your good employees may accidentally hurting your store revenue by misunderstanding store discounts and policies and making error during your asset counts.
There are many ways your employee are treating your retail business in Dubai like stealing products by hiding them into the trash and retrieve from dumpster later. Gift card theft is also the popular way to threats your store. Your employees can also hurt your store by falsely gives discounts to his family and friends.
Ways to prevent Retail Business in Dubai from Employee Theft
There are many ways to prevent you’re your store from employee theft, few of them are;
Happy Employees: Happy employees are energetic and productive. They are more important for you and less likely to make threat to your business. You should provide fair pay to your employee and whatever you can do to make them happy do it.
Count Your Cash: You should count your drawer cash on daily basis to keep your cash safe from theft.
Two for Trash: Make a system that two employee (more than two are better) should take store trash out together. Having two or more employees take store trash out is better than one to take it out.
Use Latest POS & Inventory Systems: Having a latest technology implemented POS Software and inventory management system can help you to audit your daily, weekly or monthly receipt and allow you to find the loss in your retail.
Teach Policies to Employees: You should train your employees to learn every single policy of your store to prevent them accidentally loss by giving discounts to your customer at wrong time. Have a short conversion with them and correct their mistake if they do any mistake in discounts.
Security & Surveillance System: Having CCTV Camera that must include important security & surveillance software to detect any bad activity and report it to you.
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