April 30, 2007
Employee Theft and Safes
A news article from the University of Florida shows that employee theft tops the list of what businesses call “inventory shrinkage.” Employee theft beat out shoplifting as the primary reason for business inventory losses. It goes on to state that businesses lose nearly $26 billion each year due to inventory shrinkage.Yikes!
What does inventory shrinkage have to do with safes? Well, not many safes are large enough to store inventory, with the exception of businesses such as jewelers, coin collectors, etc.
What safes CAN do is protect business cash. This is one of the reasons a depository safe is valuable. These safes make it possible for employees to deposit cash without needing to know the combination to the safe. These safes have a small slot in the front or top of the safe where employees can deposit cash and coin. These safes help protect cash not only from the burglar outside the business, but they also help protect cash from internal employee related theft. Click for more information on depository safes.
