Employee Theft is at All Time Highs

In a study, conducted by the University of Florida with a funding grant from ADT Security Services, Inc., a unit of Tyco Fire and Security Services, discovered that retail security managers attributed more than 48.5 percent of their losses to employee theft, up from 46 percent the prior year. Internal theft by employees cost retailers a record $15 billion.

We can consult with you in regards to your workplace issues.

Below is a great case for background investigations and auditing services from Schulman P.P.I.

Employee Dishonesty in the Workplace is on the Rise!

Here are some alarming statistics that every administrator or business owner should know:

1. 75% of internal theft is undetected. (Source: "How to Identify Dishonesty Within Your Business")
2. Several studies estimate employee theft and dishonesty costs U.S. businesses between $60 billion and $120 billion per year, not including the billions spent on protecting against theft. (Source: "How to Identify Dishonesty Within Your Business")
   
3. Insider theft is growing at 15% annually. (Source: Justice Department)
   
4. Employee theft amounts to 4% of food sales at a cost in excess of $8.5 billion annually. 75% of inventory shortages are attributed to employee theft. (Source: National Restaurant Association)
5. The Labor Law Industry has increased by 2200%. (Source: Equal Employment Opportunity Commission)
   
6. Employee theft costs between 1/2%-3% of a company's gross sales. Even if the figure is 1%, it still means employees steal over a billion dollars a week from their employers. (Source: "How to Identify Dishonesty Within Your Business")
   
7. One-third of all employees steal from their employers. (Source: Department of Commerce study)
   
8. 30% of business failures are due to poor hiring practices. Annual losses generated by poor hires, absenteeism, drug abuse, and theft amount to $75 billion per year. (Source: U.S. Department of Commerce-Atlanta Business Chronicle.)

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Covering an individual within the U.S., A Glossary

The services we perform are Pre-Employment Screening, Criminal Record Searches, Motor Vehicle Reports, Credit Reports, Worker's Compensation, Educational Verification, Prior Employment Verification, Civil Records Searches, Professional Licenses Verifications, Employment & Earnings Searches, Name, Address, Telephone Number Searches, Criminal Background Checks, US National Wants & Warrants and Business Credit Checks.

State Criminal:
Determines felony and or misdemeanor records. A vital report for anyone hiring people who will work with money, company records, drugs, valuable inventory or come in contact with the public. Essential to avoid legal liability from Negligent Hiring.

Federal Criminal:
Reports federal crimes such as bank robbery, mail fraud or tax evasion.

County Criminal:
Reports felony and /or misdemeanor records in the county you are requesting.

Metro Criminal:
This is a combination of multiple counties in a metropolitan area.

FCC:
Verification of Federal Communications Commission License.

Standard Name Search:
This search will identify the subject's most current address and phone number at that address. You must supply the name and address.

Deluxe Name Search:
This search will identify the individual's most current address and phone number plus names, addresses, and phone numbers of five nearby neighbors. You must supply the name and address.

Deluxe Address Search:
This search will identify the name and phone number of the current occupant at an address plus the names, addresses, and phone numbers of five nearby neighbors. You must supply the name and address.

Standard Number Search:
Delivers the name and address of person listed for a phone number.

Motor Vehicle Reports:
An excellent tool to help determine if the applicant is a "responsible person", and how outside behavior might impact their attendance and their health care claims. A necessity for those who drive company vehicles or those who drive their own vehicles on company business.

Credit Report:
Shows applicant's debt load, payment history, any public record information (liens, judgments, bankruptcies), address past and current employers. All three (3) bureaus are available.

Social Security Number:
Reveals the name of the card holder, current and former addresses whether the number is terminated, deceased, or never issued; where issued; age or year of birth; past and current employers.

Worker's Compensation:
Will identify a history of claims.Very useful in avoiding the habitual claimant or in properly channeling work assignments involving physical labor or repetitive movements.

Educational Verification:
Confirms that the subject actually attended the college, the number of years and the precise degree received, if any.

Prior Employment Verification:
Confirms employment, dates, position, job performance, and rehire status.

Civil Records/County (Upper or Lower Court):
Reveals lawsuits filed by or against the subject or business.

Civil Records/Federal Court:
Reveals lawsuits field by or against the subject or business. Federal Civil includes actions that relate to such issues as Equal Employment Opportunity Claims, Environmental Protection Agency, Civil Rights, Social Security Fraud, etc.

Professional License Verifications:
(Nurses, Teachers, Pharmacist, Physicians, FAA, others) - shows accuracy of applicant's license, current status, disciplinary action, last renewal date, original date of issue, and when it will expire.

Employment & Earnings Search:
Shows applicant's previous employers, and / or earnings history by employer by year. There are six variations of this report.

Business Credit:
Shows business debt load, payment history,corp. officers, depending on the size of the business.

Medical Sanctions Search:
This search identifies individuals or employers who have had sanctions brought against them for crimes that committed in associations with certain state or government funded agencies. Parties with sanctions against them are excluded from billing Medicare, Medicaid, child care and social services, and are also excluded from Federal health care programs.

Chiropractic Index & Disciplinary Actions:
This database contains data on more than 65,000 licensed chiropractors in the United States, from the Department Of Health And Human Resources and State Chiropractic licensing boards. This database can provide a chiropractor's name, office address and office phone number, the Status of licenses & sanction and disciplinary action data if any.

National Death Locator:
This database matches a social security number with a decedent's name, birth date and death date. Additional information may be included, such as the Sate and year of Social Security issuance, the city and State of last residence, and the zip code of the beneficiary who is receiving a limp-sum death benefit.

U.S. National Wants & Warrants:
This is a nationwide search for outstanding warrants for extraditable offenses.

New Applicants:
Entry level: Criminal Record, Driving Record, SSN, Worker's Compensation, Employer Verification.

Warehouse / Production:
Criminal Record, Credit, Driving Record, Worker's Compensation, Prior Employer Verification.

Management:
Criminal Record, Credit Report, Civil Search, Education Verification, Driving Record, Prior Employer Verification.

Others, as appropriate:
Education, License Verification, Civil Record Search, or Employment and Earnings History.

Current Employees

Never checked before:
Criminal Record, Driving Record on drivers, Credit Report on employees handling valuables.

Periodic Checks:
A regularly scheduled check of Driving Record or Credit will reveal changes in any behavior that might require some positive corrective action.
- Driver's Record should be checked at least twice a year.
- Employees with access to valuables need a credit check at least every six months.