Kevin Ian Schmidt

Category Archives: Loss Prevention

Accident Investigation Training- Intermediate

As you advance your team in a quality accident investigation program, it is imperative to continue their training to improve their skills. This accident investigation training is for intermediate level, so it is best recommended to start with the beginner’s training. 5 Step Investigative Process Response Fact Finding Analysis Corrective Action Follow-up The investigation process […]

5 Myths about Employee Theft

The statistics of internal theft are staggering:  The latest National Retail Security Survey states that 33.2% of losses to retailers are attributed to theft by employees. The Association of Certified Fraud Examiners (ACFE) reports that 5% of revenues of a typical organization are stolen by company workers. The average internal fraud scheme goes undetected for […]

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 Investigation Interview Process When you’re conducting employee investigation interviews, the interview process should be carefully planned, followed, and documented to help mitigate exposure to litigation. The sequence of interviews […]

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 […]