• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Cost of employee pilferage dwarfs shoplifting losses

by on
in HR Management,Human Resources

The average dishonest retail employee caught stealing in 2012 was trying to walk out with $715 worth of merchandise. That’s far more than run-of-the-mill shoplifters take. When they’re apprehended, shoplifters are holding an average of $129 worth of goods, according to a study by Jack L. Hayes International, a loss-prevention consulting firm.

Cosmetics, jewelry and cellphone accessories are among the things most commonly swiped by customers.

Retail employees, on the other hand, target some unexpected items. Sometimes working with outsiders, they often lift men’s razors, baby formula and pregnancy test kits, products for which there is a thriving black market run by organized crime groups.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/37378/cost-of-employee-pilferage-dwarfs-shoplifting-losses "

Leave a Comment