EMPLOYEE THEFT

Employee theft is perceived by many to be the most severe problem facing industry today! Many people often think of theft and abuse in companies as being isolated acts, which in themselves cost an organization little. Unfortunately, this is untrue! It is also not true that most employees are caught stealing inexpensive items such as 'pens, pencils, and paper-clips' from their employers. Over the years, Hayes International has witnessed a steady and significant rise in this serious problem. Each year thousands of employees are caught stealing from their employers and co-workers. Furthermore, our studies reflect that this group of thieves are being caught stealing far more that a few insignificant supplies. Below are a few highlights of our most recent survey:

HIGHLIGHTS FROM
JACK L. HAYES INTERNATIONAL, INC.'S
21ST ANNUAL RETAIL THEFT SURVEY

EMPLOYEE THEFT:
  • One out of every 30 employees was apprehended for theft from their employer in 2008. (Based on comparison data of over 2.1 million employees.)

  • Apprehensions: Survey participants apprehended 72,120 dishonest employees in 2008, an increase of 3.01%. This was the 5th straight year of employee apprehension increases.

  • Recoveries: Dollars recovered from dishonest employee apprehensions totaled over $69.8 million in 2008, an increase of 9.90%. This was the 5th straight year that dishonest employee recovery dollars increased.

  • The average dishonest employee case value in 2008 was $969.14, a 6.7% increase over 2007’s average case value ($908.33).
DISHONEST EMPLOYEES Difference
  2007 2008 #/$ Pct.
Apprehensions 70,015 72,120 2,105 3.01%
Recoveries $63,596,599 $69,894,691 $6,298,092 9.90%
Avg. Case Value $908.33 $969.14 $60.81 6.70%
 

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Additional information is available by calling (813) 991-5628; Fax: (813) 991-5682;
or Mail to: 27520 Water Ash Drive-Suite 100, Wesley Chapel, FL 33544

or E-Mail: operations@hayesinternational.com
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