Cost of employee pilferage dwarfs shoplifting losses — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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Cost of employee pilferage dwarfs shoplifting losses

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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.

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