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Revenue lost due to employee theft
On average, firms lose 5% of revenue to fraud each year. Firms that conduct employment screening can reduce this amount by up to 30%.
$842K is the average employee theft loss
While the median loss is $280K, the average is skewed by a number of large occurrences. Fortunately, firms that have competent employment screening procedures can reduce this amount by up to 30%.
More than 60% of employee theft is perpetrated by women
This is a disppraportionate amount as the U.S. workforce, as of 2010, was made up of 47% women, 53% men.
The average employee theft perpetrator is 50 years old
The most common profile of an employee thief is a 50 year old, woman, who works in the finance or accounting office.
Employment Screening can reduce employee theft
According to a recent study, firms can limit their loss by employee theft by as much as 30%. The employment screening should be comprehensive, accurate and reliable.