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
20TH ANNUAL RETAIL THEFT SURVEY

EMPLOYEE THEFT:
  • One out of every 28.2 employees was apprehended for theft from their employer in 2007. (Based on comparison data of over 2.3 million employees.)

  • In 2007, survey participants apprehended 82,648 dishonest employees, a significant increase of 17.57%. This was the 4th straight year of employee apprehension increases.

  • Dollars recovered from dishonest employee apprehensions totaled over $66.7 million in 2007, a substantial increase of 12.39%. This was the 4th straight year that dishonest employee recovery dollars increased.

  • The average dishonest employee case value in 2007 was $808.09, a decrease 4.41% from 2006’s average case value ($845.35).
DISHONEST EMPLOYEES Difference
  2006 2007 #/$ Pct.
Apprehensions 70,295 82,648 12,353 17.57%
Recoveries $59,423,634 $66,786,746 $7,363,112 12.39%
Avg. Case Value $845.35 $808.09 ($37.26) (4.41%)
 

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Additional information is available by calling (352) 365-1200; Fax: (352) 365-1210;
or Mail to: 4028 Williams Street-Suite 200, Fruitland Park, FL 34731

or E-Mail: operations@hayesinternational.com
©2008 Jack L. Hayes International
All rights reserved.