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Of all the reasons that businesses fail in today’s market, challenges such as competition, financial mismanagement, leadership failure, and disconnection from consumers are sure to top the list.  A less commonly recognized factor is the costly challenge of managing theft.

The Executive’s Guide to Employee Assessments

The Executive’s Guide to
Employee Assessments

Learn how pre-screening can help
prevent losses.

Download the report

The Cost of Loss

A study conducted by the University of Florida estimates that employee theft is the cause of about 48% of inventory shrinkage in business. That’s equal to more than $15 billion per year. The study goes on to estimate that the average loss cost per employee is in excess of $1,300, which is significantly higher than the cost normally attached to individual incidents of shoplifting, which is just over $207. Consequently, businesses are forced to spend a great deal of time, effort, and money on loss prevention.

Thirty percent of business failures are due primarily to employee theft.

Identify Issues Before They Happen

Profiles International offers employment pre-screening assessments to help you prevent employee theft by hiring honest, dependable employees.

Pre-employment screening with the Step One Survey II® is an employer’s first step in evaluating a job candidate’s qualifications for employment. It should be an integral part of your overall employee loss prevention system.

Step One Survey II® is a two-part employee pre-screening tool:

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