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Financial
Executives Institute
Financial Executive
March
1, 2000
STICKY FINGERS
Employees not only steal, they out-steal shoplifters. So say studies
from Michael G. Kessler & Associates, an international investigative
and forensic accounting firm.
The
collective price tag, which includes falsifying expense reports
and time sheets, pilfering office supplies and taking inventory,
is over $120 billion annually. Motivation includes greed (49 percent),
vindictiveness (43 percent) and need (8 percent).
Furthermore, 92 percent of employees say they'd lie on a job application
that asked whether they stole from a previous employer. Sixty-eight
percent say they'd never disclose that they were discharged from
a previous job due to theft. And 66 percent say they'd steal if
they saw others doing so without consequence -- so provide a strict
written theft policy and follow through on it.
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