Statistics show that workplace theft is a serious issue and the impact of theft on small businesses in particular can be devastating.
According to “Employee Theft Solutions” a division of the Shulman Center which specializes in employee theft:
- The FBI calls employee theft “the fastest growing crime in America!”
- The U.S. Chamber of Commerce estimates that 75% of employees steal from the workplace and that most do so repeatedly.
- One third of all U.S. corporate bankruptcies are directly caused by employee theft.
- The Boston Globe and Denver Post newspapers recently reported that U.S. companies lose nearly $400 billion per year in lost productivity due to “time theft”
or loafing. - The American Society of Employers estimates that 20% of every dollar earned by a U.S. company is lost to employee theft.
As you can see, employee theft is a very serious and widespread issue that can cripple an organization.
In an upcoming blog post, I’ll share with you several helpful resources that focus on tips for preventing workplace theft.
Dianne Shaddock is the Founder of Easy Small Business HR, Employee Hiring and Managing Tips. Through the Employee Hiring and Managing Tips podcast, blog, and weekly ‘quick tips’ e-newsletters, Dianne offers expert advice on how to make better hiring decisions, manage difficult employees, develop employee policies, motivate staff, and so much more. No stuffy, corporate HR policy lingo; but straight forward, easy to understand and implement advice for businesses just like yours. Stay ahead of the curve and go to Easy Small Business HR for more tips on how to hire and manage your staff effectively.
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