The Department of Justice reports that nearly one third of all employees commit some degree of employee theft and that number is on the rise in the United States. According to the US Chamber of Commerce employee theft can cost businesses up to $40 billion dollars each year and is considered a main cause for the failure of new businesses.
With statistics like that employee theft is something all business owners need to be concerned with and start a line of defense to prevent it. You may want to implement security measures that include surveillance cameras, door alarms and locks but what do you do about company property like office equipment or laptops? How can you deter theft of those items? Implement a Property ID labeling system.
Property ID labels or Asset ID labels help businesses track inventory, identify assets and recover equipment. Label anything you want to keep track of with your company name, number sequence or barcode. For businesses property id labels are the smart economical choice for securing valuable company property.
Employee theft is a serious criminal offense and may be punishable by prison time, heavy fines or restitution. Make sure that employees know that the company is taking steps to protect their assets. Employees who think they might get caught stealing will be less likely to attempt it.
Rely on Emedco for all your property id labels, safeguard your valuables today and protect your business from employee theft.
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