Employee Theft

Employee Theft

Whether it’s a single ream of paper, or stealing identities, theft at the workplace is an increasingly worrisome situation for business owners. Best Accounting Degrees has created an infographic entitled “Employee Theft: An Inside Job” detailing just how prevalent employee theft is, along with outlining a few of the biggest employee thefts in history.
Employee theft has an estimated $40 billion impact on U.S. Businesses per year, and a starting $2.9 trillion on a global level. With 75% of these thefts going unnoticed, it’s no surprise that businesses are 15 times as likely to be victims of theft from an employee rather than an outside source. And in most cases, 10% of the employee population are guilty of 95% of the total losses from thefts. The most susceptible industries? Banking, financial services, government, healthcare, and manufacturing services.

Employee Theft
Source: BestAccountingDegrees.net

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