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I truly believe that being “psychology-informed” is the next wave of professionalism for loss prevention, asset protection, risk management and HR professionals. Start your certification journey today!” John Jones, PhD #lossprevention #assetprotection #riskmanagement #HR #NRFProtect #RILA #ASIS #SIOP

Loss prevention managers play a crucial role in safeguarding a company's assets from unauthorized losses. In the retail sector, they monitor shrinkage and implement policies to prevent inventory loss. In the hospitality industry, their focus extends to ensuring guest safety, employee security, and protecting company resources from threats like pilferage. The primary goal of a loss prevention manager is to enhance the company's profitability by mitigating losses effectively. This involves investing in staff, equipment, and technology to minimize issues such as inventory shrinkage. The department oversees various security measures, including physical security, security systems, and addressing potential threats like bomb incidents. Operating on six core principles - Prevention, Awareness, Compliance, Detection, Investigation, and Resolution - the role of a loss prevention manager emphasizes a comprehensive approach to security. Each principle is interconnected, forming a cohesive strategy to address and resolve security challenges at all organizational levels.

Leveraging the Frontline Experience: Why Police Officers Are the Unsung Heroes of Corporate Security In the world of risk and crisis management, experience is not just a teacher; it's the architect of intuition, strategy, and foresight. Malcolm Gladwell, in his illuminating work, posits the 10,000-hour rule, suggesting that mastery in any field requires at least ten thousand hours of dedicated practice. This concept, while often applied to musicians, athletes, and business leaders, holds profound implications for the realms of security and law enforcement. Every day, police officers navigate the unpredictable waters of public safety, making split-second decisions that can save lives and preserve peace. This isn't just practice; it's an intensive, real-world application of skills under the highest stakes imaginable. If we translate this into Gladwell's framework, every five years on the force equates to over 10,000 hours of risk and crisis management. This experience is unparalleled and, when recalibrated for the corporate environment, offers a depth of insight and preparedness that is hard to match. Why, then, are these veterans of public safety so uniquely equipped to lead corporate security teams? The answer lies in the breadth and depth of their experience. Police officers don't just respond to crises—they anticipate them, manage them, and learn from them. They understand the nuances of human behavior, the importance of quick decision-making, and the need for calm under pressure. They have been in the eye of the storm, making life-or-death decisions that most can hardly imagine. Incorporating this level of experience into corporate security isn't just beneficial; it's essential. As businesses face increasingly complex threats, from cyber attacks to workplace violence, the insights and instincts honed over thousands of hours on the frontline can make the difference between a threat averted and a crisis endured. As we consider the future of corporate security, let's not overlook the seasoned professionals who have already mastered the art of risk and crisis management. Their 10,000 hours on the streets equip them with a unique set of skills and perspectives that can profoundly enhance our approach to corporate safety. It's time we recognize and leverage the invaluable contribution of police officers to the corporate security domain. #CorporateSecurity #RiskManagement #CrisisManagement #LawEnforcement

Small business week is next week. With that in mind - we're sharing a helpful article from Erie's blog! "ERIE’s risk control team say the first thing they notices is management controls to determine the commitment to workplace safety. It’s an important thing consultants look at, noting that often companies that have management support tend to have better safety records and also tend to be more productive." https://lnkd.in/eZbD4HY

To effectively prevent fraud in business operations, it’s essential to integrate fraud prevention strategies across various levels of the organization. This starts with training leadership on fraud types, red flags, and company policies, and extends to incorporating anti-fraud training into employee onboarding to foster a positive, ethical company culture. Regular reinforcement of anti-fraud policies, engaging employees in identifying potential fraud, and consistent communication about these policies are key. Monitoring the effectiveness of these strategies through specific performance indicators and regular assessments, including feedback from employees, ensures the continuous improvement and effectiveness of the fraud prevention program. This is a great article with graphics and stats. #antifraud #fraudinvestigation #fraudprevention #training #fraudriskmanagement #fraudawareness

During economic downturns, security management faces significant challenges due to reduced budgets, increased economic crimes, and heightened legal risks. Economic contractions lead to a rise in theft, fraud, and embezzlement, as individuals justify unethical actions due to financial desperation. Insurance premiums also rise, leading to prolonged disputes and legal risks. As corporate budgets tighten, security departments are often asked to do more with fewer resources, cutting back on non-essential services and finding cost-effective methods to maintain safety and security. Strong security measures are necessary during economic downturns, such as background checks, employee training, workplace violence protection, environmental and regulatory compliance, and drug testing, and whistleblower follow-ups. Background checks are crucial to prevent fraud and ensure a secure hiring process. Employee training programs educate both security and non-security staff, focusing on avoiding legal pitfalls and compliance with security protocols. Workplace violence protection programs are more critical than ever, reflecting lessons learned from past incidents. Environmental and regulatory compliance investigations become more frequent as companies seek to avoid fines and sanctions that can exacerbate financial strain. Drug testing remains a critical component of maintaining workplace integrity and safety, particularly in industries where impaired ability can lead to significant risks. Strategic planning and operational agility are essential for companies to navigate economic downturns successfully, integrating strong security measures with larger corporate strategies to protect assets and personnel from increased risks. #security #securitymanagement #economicdownturns #economicviability #crime #securitydeterrents #securityvalue

How Concept of Operations Can Build Cross-Functional Partnerships Imagine trying to launch a workplace violence prevention program without talking to Human Resources. Or starting a GSOC without bringing in IT. There are some collaborations that are essential to effective security #riskmanagement . A concept of operations is a good vehicle for accomplishing that and more: https://lnkd.in/eixG88BD #securitymanagement #corporatesecurity

ConOps drive understanding for operational, RoI-capable, risk mitigation; by aggregating solution innovations for voiced customer concerns. Measured performance and value metrics plans differentiate proven practices for true business partner value.

A workplace violence prevention security assessment helps business owners proactively identify and address security risks, creating a safer work environment, reducing legal liabilities, and protecting assets. Implementing security measures based on the assessment enhances overall security, boosts employee morale, and ensures business sustainability. It's an investment in safety, risk mitigation, and long-term success. #WorkplaceSafety #SecurityAssessment #RiskMitigation #productivity #sustainability

Good read! From the article: Addressing workplace violence requires a multifaceted approach that extends beyond traditional risk mitigation strategies. #workplaceviolenceprevention #corporatesecurity #workplaceviolencepreparedness #globalsecurity