Greeting everyone, dealing with any items, alarms, and everything in-between. We all cared about our job too, we wanted to do well since we were happy and we liked it. And it showed we had good numbers all the time, yes at times things did get too relaxed and then management did step in to put some pressure. Workers whose voices are not heard or who feel they have nowhere to go in their careers become inattentive to their job responsibilities, feel less of a personal connection with the company, and care less about customers. To detect errors we ran operational audits of our stores. The gift is already made, so the assets are safe, right? Summary of Asset Protection Associate job A Best Buy Asset Protection Associate coaches and leads employees in asset protection best practices to ensure a safe, secure and profitable environment throughout the store.
The people are fantastic, and usually willing to help out if you need a shift covered. They must demonstrate honesty and integrity at all times and are often trained on-the-job, though some employers prefer applicants who have relevant prior experience. Let me just say I became Asset Protection to explore what i can do. For example, the making of gifts to children and other prospective heirs is common in estate planning but anathema in asset protection planning since gifts are often easy to set aside as fraudulent transfers. Working at Best Buy was always fun. Plus, bankruptcy judges have some of the strongest powers to make debtors cough up assets.
What we found is that if we have a clear set of expectations and goals, we need to allow and trust our people to go after those goals, and they will find a way to achieve those goals, while managing their own capacity and balance. Ironically, physical devices and countermeasures installed to reduce theft can aid in creating an overall feeling of distrust, even among honest employees. Best Buy loss prevention took ownership of the inventory discipline and merchandising took ownership of the media area. A high school diploma is often a minimum requirement for this position, and they must be able to work well with minimal or no supervision as well as in a team environment. I learned how to handle cash in a fast paced environment, stay up to date on current deals and offers. I am the author of books on asset protection, captive insurance, charging orders, and others. GoCompare does - as ever - encourage you to shop around and read the terms and conditions before deciding on the insurance policy to suit your needs.
We checked for receipts for the large and un bagged merchandise. Like, obviously I wanted to catch shoplifters but at the end of the day, no product in there was worth the life of myself or my coworkers, so we didn't put ourselves into danger. The more brainpower you add to a situation, the more fresh perspectives, the better the solution. They may occasionally need to testify in criminal or civil courts and must always report unsafe conditions to management and follow strict guidelines to minimizes the risk of injury to themselves, other employees, vendors, and customers. I also think it was one of the more difficult positions, having to prevent potential theft and actual theft where the police get involved.
We did have a customer punch out another customer though, right up front. Now, initially when this job was explained to me, they left out a large chunk of details. They work with the Asset Protection Lead to resolve any hazards or compliance issues and investigate any accidents. Traditional Methods Were Not Enough Best Buy Co. The more senior people get to choose their days and we got everything that was left which meant working nights on the weekdays and mornings on the weekends. Yeah, thieves are going to pick up on that, and you'll be seen as a threat.
I called it out on the headset when I saw him go in with some games, so my manager pushed the door open full force and the guy was standing on the other side of it and it hit him right in the face. Many people ask me to cut to the chase, especially those that are self-employed, wishing to safeguard their assets from bankruptcy, lawsuits, long-term care costs as well as many other financial pitfalls. I learned how to work with my peers and what I was really capable of doing. Often these business people look to what is easy and on the surface. Are you up for the challenge? We have spent very little time using vehicles such as civil recovery, data mining outsourcing, and loss prevention outsourcing.
But average folks often get caught up in difficult situations, and thus if you have something to protect then the topic of asset protection should at least cross your mind. For us at Best Buy, the first ninety days was a period of definition and learning for the new teams and the product process discipline. The revelations of 1995 started us on a long road of significant changes that have brought positive results not only to Best Buy loss prevention and our shrinkage, but also to other disciplines within the company. Certainly nothing is more discouraging to a team than to gain hard-earned points through offense, only to lose the game by giving away points that should have been protected by a solid defense. While creditors are concerned about the strategies and techniques of collection, debtors are interested in the strategies and techniques for protecting their most valuable assets from potential creditors. Job Description: What does a Best Buy Asset Protection Associate do? I really enjoy the roll of being in management.
This not only helped them identify potential efficiencies, but also helped them understand the company from a bigger picture perspective, freeing them to see new ways to improve performance. When personal assets are placed into a business entity, the potential for the entity to be pierced by a creditor on some theory or another, such as alter ego, increases exponentially. Basically, the trust is flexible enough that a grantor could set up goals, objectives, or incentives just like if they were alive to see it. We have always challenged our loss prevention teams to truly add value to the company in nontraditional ways. Many children are not quite as responsible as one might hope. Management was okay but routinely rebuffed my attempts to fix security issues I saw which left me with the feeling that I was essentially a door greeter with no say in what my job title was.
The author is a Forbes contributor. The biggest problem I had was a work-life balance. I have worked here for about 8 months now and have felt that the management team lacks leadership skills. In addition, we have employees who have more options. Meanwhile, a few local police show up at our store for a completely unrelated thing, so guy puts down product and heads towards the door.