Minimizing Theft, Absenteeism, and Obsolescence in Your Organization
Money seeps out of your organization in many ways. Theft, absenteeism, and obsolescence (TAO) are three of those ways. You will notice that one way to reduce all three is by empowering employees and making them feel a part of the organization. Treat them as owners of the organization. However, let us look at how to tackle each of the ways individually.
Theft
Although you may not think theft as a problem, it is. It can be called shrinkage or loss prevention or many other names, but it is a problem. It is such a big problem that most organizations actually budget for it, as yours may do. Just think about that for a minute. You budget for the fact that 5 to 10 percent ...
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