How is employee theft a problem in the workplace?
The repercussions of employee theft on businesses are severe – with 30% forced to close because of internal stealing. The problem that businesses face in trying to prevent employee theft in the workplace is that the stealing takes many forms including:
How many employees have stolen from their employers?
According to research, 75% of employees have stolen from their employers. The same study found that employee theft accounts for 42.7% of shrinkage while shoplifting only accounts for 35.6%. This is especially crucial for small businesses because they are more likely to be the victims of internal theft (64%).
Why is prevention better than cure for employee theft?
The saying that ‘prevention is better than cure’ is applicable when preventing employee theft in the workplace. It’s obviously best for your business if you could weed out employees who are likely to steal from you before they even get access to your business.
How many employees are arrested for internal theft?
More than a third (37.1%) of total thefts was committed by a manager. One in three retail employees were arrested for internal theft. The repercussions of employee theft on businesses are severe – with 30% forced to close because of internal stealing.
The repercussions of employee theft on businesses are severe – with 30% forced to close because of internal stealing. The problem that businesses face in trying to prevent employee theft in the workplace is that the stealing takes many forms including:
Can a employer sue an employee for theft?
AN EMPLOYER MAY SUE AN EMPLOYEE FOR… Of course, if an employee has stolen a computer, printer, or other tangible equipment, an employer is able to sue an employee for theft. An employer may also file suit against an employee who destroyed property or equipment.
Is it necessary to do an employee theft investigation?
However, more often than not, an employee theft is suspected based upon indirect or circumstantial evidence, such as another employee report or in the results of an audit. In such cases, an investigation is necessary.
According to research, 75% of employees have stolen from their employers. The same study found that employee theft accounts for 42.7% of shrinkage while shoplifting only accounts for 35.6%. This is especially crucial for small businesses because they are more likely to be the victims of internal theft (64%).