Workplace Theft Is On the Rise (theatlantic.com)

rfengineer tipped us off to this story. The Atlantic reports: Your office is a den of thieves. Don't take my word for it: When a forensic-accounting firm surveyed workers in 2013, 52 percent admitted to stealing company property. And the thievery is getting worse. The Association of Certified Fraud Examiners reports that theft of "non-cash" property -- ranging from a single pencil in the supply closet to a pallet of them on the company loading dock -- jumped from 10.6 percent of corporate-theft losses in 2002 to 21 percent in 2018. Managers routinely order up to 20 percent more product than is necessary, just to account for sticky-fingered employees.

Some items -- scissors, notebooks, staplers -- are pilfered perennially; others vanish on a seasonal basis: The burn rate on tape spikes when holiday gifts need wrapping, and parents ransack the supply closet in August, to avoid the back-to-school rush at Target. After a new Apple gadget is released, some workers report that their company-issued iPhone is broken -- knowing that IT will furnish a replacement, no questions asked. What's behind this 9-to-5 crime wave? Mark R. Doyle, the president of the loss-prevention consultancy Jack L. Hayes International, points to a decrease in supervision, the ease of reselling purloined products online, and what he alleges is "a general decline in employee honesty."
The report advises companies that the best way to reduce fraud was with surprise audits and data monitoring.

Another interesting statistic? "Fraudsters" who'd been with their company for more than five years "stole twice as much."

Comments

An idea

[Anonymous Coward]

Have they tried not treating their workers like shit? Won't stop all theft, but should reduce it.

Re:An idea

[hey!]

There's been a shift. When I was young, people normally stayed at jobs for ten or more years; it wasn't unusual for people to get out of school, get a job, and work at the same place until retirement. Relationships lasted beyond retirement with people taking company pensions (now largely raided to prop up executive compensation).

The thing is, that's not *agile*. Companies hire and let go workers as needed; there's no sense that there's loyalty owed either way. The people working for you are like strangers you give the keys to your house to. The median duration of employment for someone 25-34 is about three years.

Re:Probably more to do with the worsening economy

[phantomfive]

I am not a company owner, but if I were I would not care one bit if employees were taking pens home. I wouldn't even call that stealing. Take them if they want. I would put a basket in the front labeled, "Free Pens." Because seriously, if pens make people happy......such a small expense for improving office morale. And why not, a free red stapler at every desk.

Wages of Wage Stagnation

[imperious_rex]

I'm not condoning employee theft, but I understand where they're coming from. With stagnant wages, it should be no surprise to anybody that more employees are committing petty larceny. But the bigger cost is "time theft" when non-smoking workers take smoke breaks too, long visits to the bathroom with a smart phone in the pocket, or the frequent extended lunch break. Employees with stagnant wages will seek just compensation one way or another.

Re:Probably more to do with the worsening economy

[dgatwood]

One year we were told to send twelve dozen sharpened pencils for each student.

Who wants to bet someone wrote down 12 (dozen) pencils, and someone dropped the parentheses?