According to the recently released National Retail Security Survey, U.S. retailers lost more than $13.2 billion from employee theft last year alone.
Where Inventory Shrinkage Happens
- Employee Theft 44.5%
- Shoplifting 32.7%
- Administrative Error 17.5%
- Vendor Fraud 5.1%
According to the study conducted by the University of Florida with a funding grant from Sensormatic Electronics Corporation, employee theft was up almost 2 percentage points from the previous study conducted in 1998. Employee theft now accounts for more than 44 percent of all retail losses in the United States. The tight labor market has created a combination of factors that lead to higher dollar losses across the industry. The record labor shortage leaves businesses short-staffed, producing more opportunity to steal. This is compounded by the more dishonest employees allowed into the workplace because of these same business staffing shortages.
Loss Prevention Associates specializes in employee theft as well as assisting businesses in combating this epidemic problem. Our investigators will work closely with your management in order to deal with the issues effective and quietly. We will obtain any viable information concerning the issue, conduct interviews, obtain confessions, complete an analysis on the investigation and if need be make recommendations when a termination or prosecution occurs.
We realize that this type of situation is difficult for not only the employees involved, but the entire organization. Therefore, our highly trained investigators evaluate every situation differently and proceed accordingly with the forethought that this particular situation might become hostile.
Let our experts assist with your delicate situation.