Saturday, April 11, 2009

The Problem of Employee Theft

Although it's not a pleasant topic to discuss, the fact is that theft by employees of small businesses totals nearly $40 billion in this country each year.

As hard as it is to believe that someone you hire to fill a trusted position in your company would actually take from you, it happens every day in all kinds of businesses and in a variety of ways. And it is estimated that up to 75 percent of all employee theft goes unnoticed.

Some security experts predict that up to 30 percent of the nation's workers will steal at some time in their career. Difficult economic times, lack of salary increases and the threats of downsizing and cutbacks make it even more tempting for employees to help themselves.

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