According to the U.S. Department of Commerce, about a third of all business failures each year can be traced to employee theft and other employee crime.
Here are some tips for preventing employee theft when you hire employees:
- Always perform background checks on employees. This should include contacting previous employers, references, and any schools that the applicant claims to have attended. Most importantly, you should get a police report on the applicant.
- Consider using dishonesty tests to weed out the people more likely to steal.
- Interview prospective employees more than once. This will help you get rid of the less serious applicants, who may be more likely to steal. This will also give you the time needed to pry further and ask the more serious and personal questions about their background.
Click here to see what steps you should take after you've hired someone.