Kevin Ian Schmidt

Category Archives: Loss Prevention

Guidelines for Investigation Interviews

Definition Employee Investigation Interviews are set up to review claims made by employees regarding discrimination, harassment, violence, or other prohibited behaviors in the workplace.   The Interview Process When you conducting employee investigation interviews, the interview process should be carefully planned, followed, and documented to help mitigate exposure to litigation. The sequence of interviews should […]

Inventory Shrink can be a Hidden Cost

What is inventory shrink? Inventory shrink is a reduction in physical inventory caused primarily by shoplifting, employee theft, administrative/operational errors, and vendor fraud. Using the inventory shrinkage formula, you can find out your inventory shrinkage rate.   Here are the steps you would need to take: Find out the book value of your inventory. This […]

Outsourcing Loss Prevention: is it worth it?

Outsourcing is not a new concept but one that is growing by leaps and bounds across all corporate environments. Originally, only large corporations engaged in the outsourcing of business units and tasks. Now the concept is invading the mid-sized market as a viable business strategy. According to the Outsourcing Institute, in 1996 outsourcing was viewed […]

External Theft: Shoplifting

External theft is the stealing of merchandise, cash, goods, or fraud resulting in loss by shoplifters.  According to the Hayes International Theft Survey, there were 1,014,817 shoplifting apprehensions resulting in a recovery of over $111 Million from the participating 25 retailers in 2009.  This number is actually an increase of 1.0% from last year. There […]

Using Social Media in Investigations

Is your employee vacationing somewhere sunny while on sick leave? Or is she, perhaps, enjoying a jog through the park while off on disability with a broken leg? You found out about these events because of posts made on social media sites, but can you use the information as evidence in an investigation? Social Media Investigations Findings […]

Tips to Identify Employee Theft

Whether it’s downloading and sharing company confidential information (a hot topic these days), manipulating expense reports, or stealing merchandise- employee theft and fraud is a serious issue for business owners. In fact, studies show that occupational fraud now results in the loss of five percent of an organization’s annual revenue. Here are some tips for […]

5 Common Ways Employees Steal

Small-business owners aim to hire trustworthy workers, but companies must be aware that theft will occur. Understanding common ways employees steal requires that you look at the type of items thieves go after and the methods used to take them. Theft can have a significant impact on a small business and can even result in […]

5 Non-Verbal Indicators in Interviews

When setting up a room for conducting an investigation interview, there are a few basic rules the investigator should keep in mind. Aside from making the interviewee feel as comfortable as possible, the interview room should also facilitate clear communication, including non-verbal. This means that there should be no physical barriers between the interviewee and […]