Employees swipe more from retailers than shoplifters do, according to a new study. The annual Global Retail Theft Barometer reports that dishonest employees cost retailers $18 billion in revenue last year, more than the $15.7 billion taken by light-fingered shoppers.
The survey is conducted annually by Checkpoint Systems, a loss-prevention consulting firm.
How do employees most commonly help themselves to their employers’ money? By canceling legitimate cash-register transactions and issuing themselves “refunds.”
The costs of such retail crime get passed along to consumers to the tune of $403 per household per year.