by Nick Fishman

Hayes International just completed its 19th Annual Retail Theft Survey and I found the results to be very interesting. See in particular some bullet points related to employee theft. Remaining highlights of the study can be viewed by clicking the hyperlink above.

Employee Theft
• In 2006, survey participants apprehended 66,507 dishonest employees, an increase of 6.57 percent over 2005’s apprehensions.
• Dollars recovered from dishonest employee apprehensions totaled over $56.6 million in 2006, a substantial increase of 16.44 percent over 2005’s recovery dollars ($48.6 million).
• One out of every 27.9 employees was apprehended for theft from their employer in 2006. (Based on comparison data of over 1.85 million employees.)
• The average dishonest employee case value in 2006 was $851.44, a 9.26 percent increase over 2005 ($779.27).

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