GITNUX MARKETDATA REPORT 2024

Must-Know Employee Theft Statistics [Latest Report]

In this post, we will explore a range of eye-opening statistics on employee theft that shed light on the prevalence and impact of this issue in various industries and businesses. From the staggering cost to businesses in the U.S. to the alarming involvement of managers and executives, these statistics provide a sobering insight into the realities of employee theft and its repercussions.

Statistic 1

"75% of employees have stolen from their employer at least once."

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Statistic 2

"In the U.S., employee theft costs businesses approximately $50 billion annually."

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Statistic 3

"Employee theft in the retail industry accounts for 43% of lost revenue."

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Statistic 4

"The average time it takes to detect employee theft is 18 months."

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Statistic 5

"37% of employee theft cases involve managers or executives."

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Statistic 6

"Small businesses with fewer than 500 employees have had the highest median loss due to employee theft, at $289,864."

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Statistic 7

"Male employees commit employee theft at a higher rate than female employees, with 55.5% of cases involving men."

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Statistic 8

"The average employee theft case can last for a duration of 16 months before being detected."

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Statistic 9

"Employee theft accounts for 4% of annual revenue loss in the restaurant industry."

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Statistic 10

"33% of businesses that declared bankruptcy cited employee theft as a contributing factor."

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Statistic 11

"American businesses lose 7% of their annual revenues to employee theft and fraud."

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Statistic 12

"Cash theft is the most common form of employee theft, accounting for 40% of incidents."

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Statistic 13

"52% of employee theft cases are committed by individuals aged 31-45."

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Statistic 14

"The average loss from employee theft in the construction industry is $246,000."

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Statistic 15

"Approximately 10% of new employees will be involved in workplace theft."

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Statistic 16

"Employee theft and fraud are more prevalent in companies with less than 100 employees, accounting for 28% of cases."

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Employee theft is a widespread issue with significant financial implications for businesses across various industries. The statistics presented reveal alarming trends, such as the high prevalence of employee theft incidents, long detection times, and substantial monetary losses incurred annually. It is evident that proactive measures are essential for identifying and addressing employee theft to protect businesses from substantial financial harm. The data also highlight specific risk factors, such as the involvement of managers and executives in theft cases, the prevalence of cash theft, and the impact on businesses of different sizes and sectors. Awareness of these trends can help organizations implement effective prevention strategies and safeguards to mitigate the risks associated with employee theft.

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