Recently, a Framingham, Mass. man was arrested for allegedly stealing $1,367.30 in merchandise from his employer, the Express store in the Natick Mall.
Employee theft is more common than you might think. In fact, every year, retail employees rip off about $15 billion worth of merchandise – 44% of all stolen goods – from their employers, according to the National Retail Federation.
Workers can shoplift in much the same way as customers by hiding merchandise in their purses, pockets, or bags and then taking it out of the store. Employees can also steal money from their registers, let friends or family members steal merchandise, or even commit credit card or check fraud.
Retail store employees are constantly presented with opportunities to steal cash or merchandise. Here are four tips to help you cut down on employee theft from experts who spoke with Entrepreneur magazine.