Did you know 20% of American employees take home supplies from work? According to a survey by Spherion, not only do they take office supplies that aren't theirs, but two thirds of them don't even feel bad about stealing. Maybe the numbers are not that high, but as a business owner you want to surround yourself with people who you can trust and respect. Trying to identify misconduct in the … [Read more...]
Survey: Median Loss for Employee Theft is $280,000
Employee theft is a top concern among U.S.-based organizations. It's not something most business owners want to think about, but employees often steal products and goods with little-to-no regard for the impact it has on the companies. When a company is faced with a high rate of shrinkage (loss of product between point of manufacture and point of sale), it's forced to raise the prices for … [Read more...]
5 Proven Ways To Reduce Employee Theft
Did you know employee theft is one of the biggest concerns for retailers in the U.S., but also worldwide? According to the Global Retail Theft Barometer for 2014, 28 percent of the total inventory shrinkage in the retail industry was due to theft by dishonest employees. Together with shoplifting, employee theft accounted for more than 65 percent of the shrinkage in 2014. This translated into … [Read more...]
Protect Your Business Against Employee Dishonesty Losses
Employee dishonesty losses can take a heavy financial toll on a business if left unchecked. The Association of Certified Fraud Examiners estimates that businesses lose $400 billion (6% of their total revenue) per year through fraud, theft and embezzlement, attesting to this ever-growing problem. According to a study published in the Journal of Economic Crime Management, payables fraud was the … [Read more...]