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The One Thing More Damaging than Internal Theft

Posted on 6/17/15 10:00 AM

I’ve spent a couple of decades observing attitudes on employee theft. Obviously it is not a question of whether or not employers believe it to be right or wrong. Unanimously, people agree that stealing is a bad thing, that it is illegal, and that such behavior hurts both the company and its employees. In fact, most managers accept that internal theft is a considerably sized problem. Where the conversation gets a bit dicey is when we move from a general “they” steal to the more specific “your people steal.”

In seminars I’ll often share the statistics the one in ten employee engage in dishonesty and that these actions are estimated to account for nearly half of all company losses. At this point I ask the audience to answer a few questions based on their own perceptions of the problem. I ask them to write down what percentage of theft causes loss in the following categories:

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Topics: employee theft, Internal Dishonesty, Internal Theft, Honest Employees