|July 21, 2018 | www.fisherphillips.com|
There’s good news for retailers: you are getting better at preventing shrink from employees. In 2005, a University of Florida study found that employee theft accounted for 47 percent of shrink. In a follow-up study in 2016, the university found that the percentage of shrink caused by employee theft was “only” 30 percent. The bad news: this is still a fairly significant number, accounting for approximately $15 billion in losses on an annual basis.