August 13, 2012
Cost Retention and Safety Enhancement: Protecting Your Assets
While construction activities are fluctuating due to the current economic situation, general, heavy/highway and specialty contractors continue to face increasing consumer and regulatory demands and requirements to provide a safe, healthy and secure work environment for their employees.
However, the consequences of theft and lack of security in the workplace are not always understood. Several states have contractor-based trade associations who partner with law enforcement, e.g. the Construction Industry Crime Prevention Program (CICP), which monitors, participates and assists contractors in protecting your assets.
To test your knowledge, Take the Crime Quiz
True or False:
1. Substance abuse is an important factor contributing to crime.
Unfortunately, True. The Construction Industry Crime Prevention Program has been notified that some construction firms have relaxed their hiring standards, including substance abuse polices, because of the severe labor shortage. Employee theft accounts for around 85% of a firm's theft problem. One employee with a substance abuse problem can be a firm's entire theft problem in addition to creating a safety problem on the jobsite.
2. Attitude has nothing to do with theft on a jobsite.
False. Rationalization and opportunity are two of the leading factors in employee theft. The common rationalization from some employees is "The contractor leaves all these tools, generators and equipment unprotected, because they are so rich. Obviously they don't care. Besides, I need a drill at home." Congratulations, you have just had a theft.
Most construction firms provide the opportunity for theft if there is poor or no inventory control at a jobsite, lack of inventory accountability, no one is watching payroll checks, or the firm is willingly handing out replacement tools and materials.