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Items Tagged with 'employee theft'
New research says most small business owners don't get the police involved when they catch an employee stealing from them.
Most small businesses do not involve the police when they catch an employee stealing, new research finds. Sixty-four percent of small businesses have experienced employee theft, but only 16 percent of those reported the incident to police, the study found. Overall, 40 percent of thefts in small businesses are of money, and cash thefts reported in the study range from $5 to $2 million, with $20,000 being the average amount stolen.
Disguised as authentic utility workers, a band of copper thieves dug up and stole nearly £280,000-worth of redundant cabling from locations all around London, many of which were leaked through at least one crooked BT employee.
Labor lawyers state that employees are often coerced into confessing, leading to a permanent blight on their employment records.
Employee theft, shoplifting/organized retail crime and administrative error are the main sources of loss affecting retailers.
Current background screening pushes criminal, educational, credit and federal tax reports back until after an applicant is actually hired, instead of before.
The higher the wages of retail workers, the less likely they are to steal store merchandise, according to a new study.
Shoplifters and dishonest employees stole more than $6 billion in 2011 from 24 major retailers, a new survey says.
A hospital employee in Matteson, Ill., has been charged with stealing patients' credit card information to pay her bills.