nakia
First Post
In my understanding, shrinkage doesn't get covered by insurance. At least, none of the stores I've worked at (Barnes and Noble and FLGS) have used insurance to offset shrinkage. At the FLGS, we could write off up to X amount of dollars per year as loss due to shrinkage. It was a very small operation, with no real inventory control, so he always just wrote off the maximum amount.
At the Barnes and Noble I worked at shrinkage directly affected the stores bottom line, which affected the pay rates of employees as well as amount and type of product we carried. The formula was something like gross sales -- shrinkage = net sales. Those net sales numbers were what the company looked at when determining staffing needs, product ordering, etc. So if shrinkage was high, our net sales were lower, which meant the odds of me getting a raise were lower AND it was more difficult to hire new people. Fewer employees meant my job got harder.
The moral is even theft from the "big bad bookstore" makes the lives of the poor saps who work there more difficult. And it makes it harder to get the product.
Working in retail makes you hate people.
At the Barnes and Noble I worked at shrinkage directly affected the stores bottom line, which affected the pay rates of employees as well as amount and type of product we carried. The formula was something like gross sales -- shrinkage = net sales. Those net sales numbers were what the company looked at when determining staffing needs, product ordering, etc. So if shrinkage was high, our net sales were lower, which meant the odds of me getting a raise were lower AND it was more difficult to hire new people. Fewer employees meant my job got harder.
The moral is even theft from the "big bad bookstore" makes the lives of the poor saps who work there more difficult. And it makes it harder to get the product.
Working in retail makes you hate people.