A recent survey conducted by the University of Cincinnati shows that most small businesses are willing to overlook employee theft. Of the businesses surveyed, which were classified as “small businesses,” approximately two-thirds had suffered some sort of employee theft. Of those, only 16 percent reported the theft to police. That means of all the small businesses surveyed, only 10 percent have ever reported employee theft to the police.
This survey also yielded several other results. Almost half the thefts were money related and involved ongoing activities. In other words, the prevalent form of theft was tantamount to death by a thousand cuts: a little here, a little there. The survey found that more often than not, the businesses determined that such theft was not worth the time or hassle to pursue. For more, click here.