Any mistake made by an employee can cost the company money, which is why they are strongly avoided when possible. While you can’t stop an employee from making a mistake in hopes that it will save the company some money, a significant drop or negative effect on company costs needs to be investigated. You have an obligation to the company to protect its finances and assets, therefore when this type of behavior is noticed or even expected, it is important to intercede. Offer coaching and support for the employee to help them reach a solution and correct the negative behavior. Then explain why it was necessary that you stepped in when you did.
Tips:
- Review proper procedures and policies on company finances
- Explain why you had to step in – ensure that you are here to help
- Follow up frequently for a period of time afterwards