Theft Awareness Program
– a critical leap to a bigger bottom line.
Spread the word — to employees, customers and the general
public — to show that you’re taking action against
theft and loss. By introducing an awareness program and supporting
it with physical evidence that you’re keeping an eye on
your assets, you can move the needle on both your losses and
employees’ attitudes. Here’s how:
5 Small Steps to a Theft Awareness Program and 5 Big Reasons
to start now.
|1. Educate your employees. Few employers
– let alone their staff – realize that 85% of
all industrial theft is internal…losses exceeding
$50 Billion annually.*
||Awareness of the overall severity of inside theft helps
employees realize that “one little tool out of hundreds”
really does make a big difference.
|2. Give them a 2nd chance. Dedicating
a one- or two-week amnesty period for employees to return
“borrowed” tools promotes integrity while saving
on costs related to more punitive processes.
||Giving employees a sense of responsibility and trust can
happen automatically and with little cost — you’d
be surprised how many tools come back on their own under
a safe umbrella.
|3. Set up an Equipment Loan Program.
With a little administrative effort and input from your
staff, empower your employees and let them borrow tools
for home use.
||By offering them an alternative to stealing, you not only
reduce your losses but also enhance your employee loyalty
by providing a ‘soft’ benefit.
|4. Show and tell. Post ToolWatch warning
labels at project sites and on trucks and gang boxes, and
distribute progress reports on your Theft Awareness Program.
You can also take your tool tracking one step further with
I.D.Ology™, our forensic marking solution.
||Frequent reminders of your program create a “passive
deterrence” effect among your employees. And nothing
pleases customers and shareholders more than visible signs
of cost controls and efficient management.
|5. Reward their efforts. Kick-off your
Theft Awareness Program with a launch party and celebrate
the company’s achievements on the back-end, and use
the ToolWatch Tool Billing module to help create incentives
plus track and measure performance.
||Putting a positive spin on a potentially negative subject
will engage your staff and jump-start results, leading to
loyalty and enhanced company culture, and the automated
incentive system that encourages tool returns cuts administrative
How can ToolWatch help?
In addition to providing systems that simplify your tool and
equipment tracking and identifying opportunities related to
theft and loss, we now offer products such as Warning Labels
and I.D.Ology to help you gain even more control of your assets.
Call a ToolWatch specialist today to learn how you can get the
maximum benefits from a ToolWatch system.