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When Employees Are Stealing More Than They Are Making

These are dire times.  The economy is sketchy, and employees can do foolish things in desperation.   Many people need money, and more often than not,  a fair portion of an employer’s staff is probably in straits with overdue payments on everything from mortgages to the telephone bill.  So in some ways it should be no wonder that employment theft is on the rise.

Employment theft is on the rise and industrial espionage has actually increased significantly during the past few years.   In many cases, regarding retail theft, much of it  emanates from external sources.  There are criminal  rings committing online theft and credit card and gift card fraud.  And then there are the in-store shoplifters.   A fine tradition, causing shrinkage equally to retail venues large and small.   And then that new and innovative approach, the flash mob, where scads of people flood a venue, all robbing and stealing at the same time.   But flash mobs, I should add, according to the report synopsized on Security Director News, are more media hype than a persistent reality.

And then there are the employees who walk off with goods and either keep them or sell them at reduced prices.  When you don’t actually pay for the merchandise you can sell it at drastically discounted pricing.

Here is the link to the full article on recruitingblogs.com

 

By Gordon Basichis

Gordon Basichis is the Co-Founder of Corra Group, specializing in pre-employment background checks and corporate research. He has been a marketing and media executive and has worked in the entertainment industry, the financial, health care and technology sectors. He is the author of the best selling Beautiful Bad Girl, The Vicki Morgan Story, a non-fiction novel that helped define exotic sexuality in the late twentieth century. He is the author of the Constant Travellers and has recently completed a new book, The Guys Who Spied for China, dealing with Chinese Espionage in the United States. He has been a journalist for several newspapers and is a screenwriter and producer.

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