Employee Theft Statistics

Theft is rampant in today’s workplace. Employee Theft Statistics show that employee theft happens more often than shop lifting. I was in retail for 20 years and found it astounding at how many employees felt they were entitled to take whatever office supplies they needed. In essence, that’s theft, no doubt about it.

It could be something as basic as someone walking away with a stapler or taking a personal item you left in your desk, or the cleaning crew going through the office drawers after work hours. Money is exactly what the majority of people will probably consider when they are considering employee theft statistics, which experts claim adds up to the 50 billion dollars in earnings that are stolen on a yearly basis. However, work place resources may include more than just cash. Work time is yet another resource that an employee might steal, if they are paid out hours that they did not work. This would include tampering with information on time sheets, which is one of the more typical type of employee theft.

Stealing office resources or perhaps product displays is yet another means to take advantage of company materials. For some employees, the only thing that stops them from stealing from their employer is their fear of being caught.   When an employee steals, they risk losing their job and serving jail time.   In some cases, the presiding judge may request financial restitution, fines or legal fees. This can leave an employee with a criminal record and a black mark on their job history for several years.

Studies have shown that employees who choose to steal from their employers believe they can get away with the theft without getting caught. Focuses on employees theft in businesses in the United States Use of fidelity bonds in corporate insurance programs as a safety measure; Reason on why employees steal from their employers; Computer chip warehouse or distribution centers as more susceptible than other types of business; Need for. Whatever method employees use to steal, their take is more substantial than that of the average shoplifter.

While office theft by employees has been a problem since the invention of the office, it seems during times of economic uncertainty office theft rises substantially. Just how bad is it? How about 994 billion dollars being attributed to employees stealing? The infographic below clearly shows that employee theft is on the rise; and more startling is the fact that no one is immune to the lure of free pencils or getting a five-finger-discount when it come to electronics and other office equipment. All levels of education are guilty and those with bachelor’s degrees are the biggest offenders when it comes office theft. The majority of retail employees are decent people who go to work each day to serve their customers and make their living. However, there are the rotten apples that contaminate the good names of the rest.

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The reality is employee theft is part of the dynamics of any business. It is especially rampant in the retail environment because of retail employee’s immediate access to high value items and money.

Nearly one third of all employees commit some degree of employee theft. This may be something as simple as stealing a t-shirt from the store room or something as complex as forging receipts and pocketing the extra money. Retailers think about how employees are there all the time and the many opportunities that employees have to “beat” them.

What they often overlook is that the customers are also there beating them at the same time.   In addition, the volume of customers can often outweigh the number of employees by 100 to 1 or more over the course of the week.

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