Welcome To Our Loss Prevention Community Blog

Our Community represents many different views and opinions facing the numerous issues in this industry.
Please feel free to comment and post on various topics facing the Loss Prevention Community today.
Diversity of opinions and views are always encouraged.

Thursday, September 4, 2014

To Apprehend or Not to Apprehend Shoplifters...

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One of the oldest discussions in the LP World over the years is whether it pays to apprehend shoplifters or not.  As with most decisions made by retailers, is there a sufficient ROI to the program to make it a part of the business?

Recently, I was talking to a friend who works for a major department store.  He mentioned they were backing off apprehensions and moving to more auditing and increased focus on internal theft.

ROI can be a difficult standard to show here to justify the program.  In most cases, the value of the product will not equal the cost of LP Detective's payroll and benefits.  In addition, you have additional costs for worker's compensation claims, general liability claims and litigation for non productive stops.  Lastly, poor apprehension decisions can impact a company's brand.  Videos on YouTube can be posted before the police get there.

Here is the magical unknown to the cost that is hard to quantify.  Some studies show that a shoplifter steals from a store and gets caught after 35 times.  If you apprehend that shoplifter on the 5th time, have you prevented 30 other incidents of theft?  There is some value to this argument, it is just whether your CFO buys into it.

What about civil demand dollars?  Yes, every company should participate in this program and use the dollars to help off-set the cost of apprehending shoplifters. "Normally" these civil demand dollars and recovery of product does not equal the cost of payroll etc.

Will diverting the LP Detective's efforts to auditing and internal theft reduce the overall shrink number?  Hard to say....that can only be determined with a few year's shortage numbers to evaluate.

Most of the time, retailers than eliminate shoplift apprehensions  move back to the program at some time. Why?  The word gets out on the street that ABC stores is not apprehending shoplifters and the activity gets out of control.  In addition, store management teams feels the company does not care by avoiding the issue.  Often, managers get involved in apprehensions which can cause many issues by the untrained.  They take theft from their store personal.

Lastly, shoplifting is a form of cancer.  If you do nothing about it, it just tends to grow in time.

Steve




LPDT, LLC offers the only E-Learning training for Retail Loss Prevention at www.LossPreventionAcademy.com.  Check out our awareness posters for shortage and safety at www.LPPosters.com. You can follow us on Twitter under LPACADEMYcom and Facebook under Loss Prevention Academy.

Tuesday, August 19, 2014

Single Job Boards........ Really?

Well, the Loss Prevention Academy has a new site.  It has been up a week.  Thank you for all the positive comments.



I have never really understood the continuing existence of job boards where people pay a large amount of money to post a job.  Linkedin has impacted this area and recruiters are using their search function to identify quality candidates.  In addition, sites like Indeed.com make job searching easy by showing all jobs our there, including from company websites, with one easy search.

Hard to make the change?  Guess so...

Think about the person searching job boards for an opportunity.  Are they the best talent out there for the position?  Not really...The best talent is often the person not looking for a job.  Linkedin breaks down this issue by allowing recruiters/hiring managers to search for talent based on their criteria which includes people who are employed and not actively looking for a job.

As part of the Loss Prevention Academy, we want to help people find a job.  We have partnered with Indeed.com to offer their search capabilities to allow people to search all job boards with one search. You can find it on the Academy's site or just type in www.LPjobsFREE.com.

Sorry single job boards....you better change your business model, your death is just a matter of time.

Steve



LPDT, LLC offers the only E-Learning training for Retail Loss Prevention at www.LossPreventionAcademy.com. Check out our awareness posters for shortage and safety at www.LPPosters.com. You can follow us on Twitter under LPACADEMYcom and Facebook under Loss Prevention Academy.

Tuesday, August 12, 2014

Loss Prevention Academy has a new website...

Thank you for the 56K visits to date.  We appreciate you stopping by.

We are pleased to let everyone know we have a new website for the Loss Prevention Academy.  You can see it at www.LossPreventionAcademy.com.

The new site is cleaner looking, easy to navigate and the checkout process is easier.  In addition, we have added 3 training partners to expand our training options.  You can receive 15% off of all McAfee Institute courses with our discount code.  Also, 10% off of all Retail Training Services courses.  For these, visit our site for discount codes.  Lastly, we offer LP Soft Skills via 360 degree training.  All of this makes the Loss Prevention Academy more of a 'Total Training Solutions Provider" for the Loss Prevention Community.

Coming soon....WZ Investigative Interviewing for HR/ER.  We are working on this course to help this industry be more successful in their investigations.

In the future...Hmmmm  maybe WZ Investigative Interviewing in Spanish ???

Thank you,

Steve

LPDT, LLC offers the only E-Learning training for Retail Loss Prevention at www.LossPreventionAcademy.com.  Check out our awareness posters for shortage and safety at www.LPPosters.com. You can follow us on Twitter under LPACADEMYcom and Facebook under Loss Prevention Academy.

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