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Store employees steal more from their employers than actual thieves, The Atlantic reports. Their information is sourced from this year's annual The Global Retail Barometer report, which states that US employees account for 43% of revenues that were lost but shouldn't have been, while shoplifters account for 37%.
Employee theft, including phony canceled transactions and fake refunds, made up about $18 billion in lost retail revenue last year in the US, according to The Atlantic. The only country in the world with a higher rate of retail theft by employees is Argentina. Based on a 2012 study, the magazine theorizes that employee theft is connected to low wages; if retailers paid more, workplaces would be more focused on honesty and in-house theft rates might go down.
· America's Workers Are Out-Stealing America's Shoplifters [The Atlantic]
· Former GQ Executive Allegedly Stole $50,000 From Condé Nast [Racked]
· Michigan Police Busted a $15,000-a-Day Shoplifting Ring [Racked]