Thieving staff cost firms £500m

13-07-2007

Thieving staff cost firms £500m
UK firms are losing out by more than £500 million every year as a result of employees stealing from the companies at which they work, sparking fresh concern over light-fingered workers in the UK.

Research carried out by experts at Perpetuity, an affiliate to the University of Leicester, highlights cash and goods theft as among the most common forms of theft in UK businesses, in addition to cheating on discount cards and loyalty cards.

Overall, nearly a third of workers polled admitted to working with colleagues or family when committing theft-related offences at work while two thirds were aware of dishonest behaviour among other staff.

Martin Gill of the University of Leicester explained how lax security measures encourages dishonest activity.

"Interviewees believed their chances of getting caught were low, largely because of poor in-store security," he said.

"They made use of CCTV blind spots and took advantage of ad hoc approaches to policies and procedures."

Last month a survey from security firm Check Point found that nearly half of all UK employees are prepared to steal confidential data when leaving their company.

Related categories: HR / Recruitment.


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