Jeremy Julian
Jeremy Julian
The cost of employees who steal goes far beyond a comped meal or a few dollars from the cash register. These costs appear in many ways, including a smaller product inventory, increased security within the restaurant, distracted or unhappy staff, and the price of hiring and training new employees to replace the thieves once they have been caught. The National Restaurant Association estimates that employee theft costs restaurants between 3% and 7% of gross sales every year. To protect your restaurant, the Restaurant Technology Guys have put together a few things to look out for among your staff, and some ways to stop employee theft in its tracks. 3 Warning Signs That Employees Are Stealing The first step to stopping your employees from stealing isContinue Reading …
Anyone who has been in the restaurant industry has undoubtedly heard horror stories of employees stealing from restaurant owners. These stories are often viewed as fables warning against lackluster management or lazy managers. Despite this belief, however, these matters are very real and any restaurant owner or manager should be aware of what some of the most common tricks are and what to look out for. The National Federation of Independent Business estimates that as many as 30% of the average company’s employees do steal and the National Restaurant Association estimates that these thefts account for roughly 4% of annual sales. This is a huge number! Say, for example, your restaurant does $1,000,000 in sales this year. At 4%, your business would be losing $40,000 dueContinue Reading …
