Retail stores often ask me how they can protect their stores from a range of risks without spending a large amount of money. These are usually owner operators with all their invested assets into running the business well and providing some form of retirement options later in life.
The simple methods recommended here can apply to any business with a little variation and application to suit the size of your business buildings and investments.
Your employees will cost you more than criminals will
When you decide to employ staff to work in your business you need to treat this with importance and not just hire the first applicant who you like. Get an experienced recruitment person to do the interviews and provide you with a group of suitable applicants that you can select from.
Hiring the wrong employee will cost your business at least 30% of their annual wage in loss to your business. Especially if the employee steals from you as well.
Employee documents are necessary
Make sure that you get the employee to sign an employment agreement that states clearly the conduct and behaviour required from them while working. Make sure it states what they will be terminated for if they do any serious misconduct or criminal actions. This prevents you paying out for unfair/unlawful termination compensations. This can cost you up to 26 weeks wages in payout.
Safe work training
Employees will injure themselves at some point and you need to make sure that you have completed the safety and OH&S responsibilities to your employees. Give the employees a safety induction where you explain all the dangers at work and what to do if injured. Get them to sign the training form.
© Copyright 2008 by Paul Baker
Information supplied by Paul Baker
Over twenty years security & risk management experience across Australia to protect corporate clients from critical incidents and security risks.
Previously served in the Military and expert in explosives, weapons, and information gathering techniques.
Achieved formal qualifications in a wide range of security risk management skills and commendations for crisis response operations
03 9642 0599