Study Shows Employee Theft Involves Money and is Rarely Reported
A study of 314 small business owners in Cincinnati found that 40 percent of thefts in small businesses are of money. The study also found that 64 percent of small businesses have experienced employee theft, only 16 percent of those reported the incident to police.
“It's important to look at this topic because such theft represents a loss to the tax base and would also seem to put such businesses at risk, and so, put our overall economy at risk," said study author Jay Kennedy, a University of Cincinnati criminal justice doctoral student.