Wayfair CEO Niraj Shah tells employees to ‘work longer hours’ in year-end email::Wayfair CEO Niraj Shah sent a year-end note to employees, suggesting they work longer hours and do better at mixing work with their personal lives.
Wayfair CEO Niraj Shah tells employees to ‘work longer hours’ in year-end email::Wayfair CEO Niraj Shah sent a year-end note to employees, suggesting they work longer hours and do better at mixing work with their personal lives.
I often wonder how much loss companies suffer due to disgruntled employees doing stuff like that.
It’s a lot. General “disappearance” of goods from any source is referred to as “shrinkage” or just shrink. It’s fairly easy to look up once you know the name.
Off the top of my head, shrinkage typically ranges from 3-10% of inventory. Feel free to find sources and correct me.
Yes, but I’d be willing to bet that most shrinkage isn’t due to disgruntled employees; it also covers non-employee theft, accidental spoilage, non-malicious misplacement, etc. It also varies wildly by industry.
I think there’s some ability to distinguish as anything intentionally discarded due to spillage or damage should be accounted for directly, as opposed to only showing up at inventory
Obviously it is impossible to separate out honest mistakes, intentional theft, and disgruntled employee semi-intentional shrink. If you ask the company, 500% of shrink is theft by organized crime rings and the general public should definitely be spending taxpayer dollars on police enforcement and jail time for pretty thieves. So I would assume most of it is actually accidental check out mistakes and employees “accidentally” checking things out wrong.