While the holiday season is the most profitable time for retailers, the unfortunate reality is that it is also the most prevalent time of the year for employee theft.
Increased store traffic, management's attention on keeping stock available, and the barrage of seasonal employees create an environment ripe for crimes of opportunity. According to the Centre for Retail Research, U.S. Retailers' losses from employee theft last year were in excess of $18.4 billion.
Retailers usually focus their efforts on reviewing and updating their security policies and ensuring their employees are properly trained and aware that the company will prosecute any employee theft. However, they shouldn't stop there. Retailers can protect themselves from potentially exorbitant losses with proper fidelity insurance.
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