3 Ways Your Restaurant Employees are Stealing From You
2 Min Read By Ed Heskett
If you’re in the restaurant business, employee theft is a problem you should care about. The U.S. Chamber of Commerce estimates that 75 percent of all employees steal from their employers. On top of that number, data shows that 54 percent of employees eat for free, and 34 percent of employees have witnessed theft.
When it comes to the restaurant industry, the National Restaurant Association says operators are losing seven percent of their annual revenue to employee theft. For the average multi-unit restaurant operator, that’s roughly $700,000 lost to fraud. The restaurant industry is already battling rising food costs, minimum wage hikes, rapid turnover and a shrinking talent pool. The good news? Loss like employee theft is something most operators can find, stop and deter.
In order to better manage employee theft, operators need to understand how their workers are pocketing cash and, in some instances, inventory. Below, discover the three ways restaurant employees steal.
Point of…
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