Stealing In The Workplace– Statistics and Impact For Small Businesses

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Stealing in the Workplace

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.

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