Employee Theft Employee Theft Jeff Cady Jeff Cady Tim Allen Tim Allen Sam Maurmann Sam Maurmann
Where Inventory Shrinkage Where Inventory Shrinkage HappensHappens
Employee theft (44.5%)Employee theft (44.5%) Shoplifting (32.7%)Shoplifting (32.7%) Administrative error (17.5%)Administrative error (17.5%) Vendor fraud (5.1%)Vendor fraud (5.1%)
Employee TheftEmployee Theft
University of Florida studyUniversity of Florida study Up 2% from the previous yearUp 2% from the previous year Accounts for more than 44% of all retail Accounts for more than 44% of all retail
losses in the USlosses in the US Shortage of employees leads to Shortage of employees leads to
dishonest employeesdishonest employees
Employee Theft Employee Theft ContinuedContinued
Average annual loss per dishonest Average annual loss per dishonest employee= $1,023employee= $1,023
Dishonest employees work for the Dishonest employees work for the employer on an average of nine employer on an average of nine monthsmonths
Average value of stolen Average value of stolen merchandise= $128merchandise= $128
Identifying Dishonest Identifying Dishonest EmployeesEmployees
Nervous employeeNervous employee Employee Employee
purchasespurchases Merchandise Merchandise
around registeraround register Shoplifter catchesShoplifter catches Emptying of trashEmptying of trash
Auto tripsAuto trips LotteryLottery Lay-a-waysLay-a-ways Catalog storesCatalog stores Angry employeeAngry employee
Preventing TheftPreventing Theft
Background checksBackground checks New-hiresNew-hires Temporary workersTemporary workers Thieves know who Thieves know who
thieves arethieves are Cash incentives for Cash incentives for
reporting internal reporting internal thefttheft
Employee shoppingEmployee shopping Receipt checkersReceipt checkers
Merchandise Merchandise around registeraround register
Employee exitsEmployee exits Employee bagsEmployee bags Employee lockersEmployee lockers Pawn shops, yard Pawn shops, yard
sales, flea market, sales, flea market, newspaper newspaper classified adsclassified ads