A new study by a private research group has found over half of private small business executives say they expect employees to steal something of value from their company within the next year. The Chubb Private Company Risk Survey asked executive at 451 for-profit companies in the United States. Most of the companies had annual incomes of less than $25 million. The survey asked the companies if they had experienced employee theft over the past five years. Only thirty percent had actually experienced losses due to employee theft during that period. Most of those surveyed said employee theft was the second most financially damaging event a company could experience. According to the executives, employee practices liability lawsuits were the most financially damaging.
--Half of small companies expect staff theft: survey, http://www.reuters.com/article/idUSTRE69P31J20101026; October 26, 2010. Illustration by Jim L. Wilson and Jim Sandell
Proverbs 11:3 (GW) “Integrity guides decent people, but hypocrisy leads treacherous people to ruin.”