You should be able to trust your employees. But the fact is, according to a national survey, one third of all employees admitted stealing from employers during the previous year. This problem is so widespread, the U.S. Chamber of Commerce estimates the annual cost of employee theft at $40 billion.
You never know when an employee theft can deliver a stricking blow to your business. Small companies can be especially hard hit by theft and embezzlement, because they can’t afford extensive safeguards and aren’t large enough to absorb the losses.