Cost-of-living crisis causing employees to steal

The link to employees stealing and the cost-of-living crisis

The scale of workplace thefts was found to be broad. Theft ranged from office supplies to embezzlement of company funds.

Professionals argue the rise in workplace criminal activity is related to the current cost of living crisis.

London had the biggest amount of employees stealing at 874 incidents, with a rise of 32% compared to 2021. However, proportionately London had less crime per head than other areas. The data showed 900 incidents with a population of 9 million in 2022.

Zurich also confirmed a rise in commercial crime claims. These recent crimes included a £150,000 theft by a ring of employees at a food manufacturer and a £50,000 claim from a double-glazing firm defrauded by its finance manager.

Employer advice on workplace theft

With the rise of workplace theft, it’s important you have the correct procedures and policies in place. Poor theft investigations that don’t follow a fair procedure could lead to an employment tribunal.

Unfortunately, no matter how robust your policies and procedures are, you could still be at risk of employees stealing.
That’s why we offer 24/7 support to guide you through the process.

If you are an employer and need more information and HR advice we’re here to help. Speak to one of our HR and Employment Law advisors free at 0800 144 4050 or click here.