Studies show that employee theft is more common than traditional theft, with around 75% of employees stealing from their employers, resulting in an average loss of $175,000 USD per company annually. The FBI has called it the “fastest growing crime in America,” and companies lose $400 billion a year due to “time theft.” Men and college-educated individuals are more likely to steal.
Studies show that employees, not traditional thieves, steal the majority of money and goods from stores. The US Chamber of Commerce has estimated that around 75% of employees steal from their employers, and most do it repeatedly. The average amount of money lost per company is $175,000 US Dollars (USD) per year.
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The FBI has called employee theft the “fastest growing crime in America,” and it is estimated that 20 percent of every dollar earned by U.S. companies is lost to employee theft.
Not all theft is direct: Companies are estimated to lose $400 billion a year in productivity due to “time theft” – i.e. laziness, unproductive work, extra-long breaks, and arriving to work late and leaving early.
Men are more likely to steal from their employers than women, and people who have college degrees are more likely to steal than those with higher education levels.
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