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Showing posts from January, 2018

Retailers losing Millions do due Theft

How much do stores lose from theft? Peter Baskerville, Managed 30 retail stores of my own + 10 years in a retail department store. Author has 1.7k answers and 10.9m answer views It just goes to show that there is someone somewhere conducting a study into something the makes the world tick when "The Barometer" conducts a comprehensive global study into the cost of merchandise theft for the retail industry in 2013-2014 right here - The Barometer

That particular report puts the global shrinkage rate (loss from shoplifting, staff theft, supplier fraud) at 1.29% of sales turnover which is lower than what I experienced in the 10 years I worked in an Australian department store in the 80s where the figure was generally around the 2% mark. The report does say that if you add the cost of theft prevention to the cost of actual theft, you get rate of 1.81% of sales.

Some interesting statistics that come out of the report include:
While shoplifting is the biggest reason for theft at 39% of al…

The Importance of Background Screens for Staffing Firms

The Importance of Background Screening for Staffing FirmsMay 18, 2017Mary Lorenz

According to a 2016 CareerBuilder study, 75 percent of employers have hired the wrong person, and 37 percent blame the fact that the employee lied about his or her qualifications. For staffing firms, these findings underscore the need to dig deeper when vetting candidates for placement and conduct thorough background checks before sending them out on assignments.
If you’re familiar with background check services, you know that conducting them can help minimize hiring mistakes, keep the workplace safe and keep employers compliant. While background checks can be extensive -- employment verification, criminal background checks, drug screenings, credit reports, Form I-9 and E-Verify are just a few of the services that may be involved -- they are a worthwhile service to provide.
As a staffing firm, you have an obligation to the clients who trust you with their recruiting needs. Conducting comprehensive employmen…