Comments on: Identity Resolution for When Shrinkage is Up and Employee Morale is Down http://identityresolutiondaily.com/87/identity-resolution-for-when-shrinkage-is-up-and-employee-morale-is-down/ All About Identity and Entity Resolution Sun, 12 Feb 2012 14:17:30 +0000 http://wordpress.org/?v=2.2 By: Jeff Stein http://identityresolutiondaily.com/87/identity-resolution-for-when-shrinkage-is-up-and-employee-morale-is-down/#comment-81 Jeff Stein Tue, 17 Jul 2007 02:26:57 +0000 http://identityresolutiondaily.com/87/identity-resolution-for-when-shrinkage-is-up-and-employee-morale-is-down/#comment-81 I agree with Pat Murphy. Although, I would like to add; This issue is like a double edge sword. The more thorough the employee screening / background check process is, the more expensive. With the turnover rate so high, a company the size of Walmart has a difficult time deciding on how much to spend on the screening process because of the significant amount of turnover. What would cost more the screening process or the actual shrink? One recommendation would be to conduct training for the hiring manager on how to screen and interview potential candidates to weed out the bad apples. Of course this method is not going to be fool proof, but if the hiring manager is able to weed out bad apples, by key indicators that can be discovered on the application as well as the employee's response while being interviewed, may help them with both their turnover rate and increased shrink. Not trying to plug Infoglide, but, I have to say that integrating their technology to glide across all of Walmart's internal data bases would at no additional cost per candidate give them the opportunity to uncover internal flags that can be used to identify reasons not to hire someone. This would then save money on the background check costs, by reducing the number of candidates that would proceeded to additional screening services. This alone could produce an ROI. I agree with Pat Murphy. Although, I would like to add; This issue is like a double edge sword. The more thorough the employee screening / background check process is, the more expensive. With the turnover rate so high, a company the size of Walmart has a difficult time deciding on how much to spend on the screening process because of the significant amount of turnover. What would cost more the screening process or the actual shrink?

One recommendation would be to conduct training for the hiring manager on how to screen and interview potential candidates to weed out the bad apples. Of course this method is not going to be fool proof, but if the hiring manager is able to weed out bad apples, by key indicators that can be discovered on the application as well as the employee’s response while being interviewed, may help them with both their turnover rate and increased shrink. Not trying to plug Infoglide, but, I have to say that integrating their technology to glide across all of Walmart’s internal data bases would at no additional cost per candidate give them the opportunity to uncover internal flags that can be used to identify reasons not to hire someone. This would then save money on the background check costs, by reducing the number of candidates that would proceeded to additional screening services. This alone could produce an ROI.

]]> By: Pat Murphy http://identityresolutiondaily.com/87/identity-resolution-for-when-shrinkage-is-up-and-employee-morale-is-down/#comment-75 Pat Murphy Sun, 15 Jul 2007 17:23:24 +0000 http://identityresolutiondaily.com/87/identity-resolution-for-when-shrinkage-is-up-and-employee-morale-is-down/#comment-75 This amount of money is mind blowing but it is below the national average as a percent to sales. Employee screening is and should be a priority in any company but turnover in retail is around 150% for cashiers and other non management. Given that thought, the ones who are stealing are the "best" hires that are made based on what ever screening is done and the thefts happen within about 6 months. A very slippery target. This amount of money is mind blowing but it is below the national average as a percent to sales. Employee screening is and should be a priority in any company but turnover in retail is around 150% for cashiers and other non management. Given that thought, the ones who are stealing are the “best” hires that are made based on what ever screening is done and the thefts happen within about 6 months. A very slippery target.

]]>