Can An Improving Economy Lead To A Case Of “Keeping Up With The Jones’s” And An Increase In Employee Theft?

Have you been keeping up with the news? It appears the stock market is on the verge of breaking new records.  People are gaining confidence now that some economists are expressing optimism that we are about to see a jump start in economic growth.  Does that mean EVERYONE is going to benefit? Unfortunately, the answer is no. There are many people who will continue to work in their current jobs and experience little personal benefit in their own eyes. What do I mean, “In their own eyes?” Just this, there are some people who are not satisfied with their job, or financial situation, or any number of things in their life and do little or nothing to try to change that. What they WILL do is get jealous when they see others who do well. It may be a co-worker who gets a promotion, a friend who has received a pay raise, a relative who has purchased a new car, there are lots of things that people can get jealous over. Sometimes this jealousy turns into an attitude of “Keeping up with the Jones’s” and can result in someone engaging in dishonest activity so they can have new things too. Frequently those who steal because they haven’t gotten that raise or promotion will try to justify their actions by rationalizing that they deserve it and aren’t being recognized for their contributions.

So what does this mean for the employer? You are excited about increasing sales, selling more merchandise, perhaps hiring more people and even expanding your business. First, you have to be alert to the people you currently have working for you. You should also include involving your supervisors in this since they may be closer to your workers and more likely to hear scuttlebutt than you will in the various work areas. If you have an employee who has been passed over for promotional opportunities make sure you explain to them why they were not chosen and provide feedback and even create a professional development plan with that employee if they express interest. If they don’t want feedback and don’t seek input on their development, they are probably not really interested and may be looking for a promotion for the sake of a promotion. Often this is the employee who will go back to their work center and complain and gripe. You must address this quickly and if the behavior continues get rid of this type of worker, they can create a negative work environment and it does influence others who may normally be great workers.

Watch for employee theft, especially from the disgruntled workers. There is a tendency to see themselves as victims and deserving of something, even if they have to steal it to get it. You may start to see extra money in your registers in an improving economy. You could have a disgruntled cashier who sees that money and since they only received a 2% pay raise on their last review, they decide they are going to give themselves a raise. Watch for all cash shortages, some stores make a minimum of $5 missing before it is addressed. In many instances I had cashiers who stole two or three dollars for lunches for quite a while before moving up to greater amounts of cash theft.  If you start to see any trends, you need to address it early.

Then there is the employee working in the electronics department (as an example) who sees friends or acquaintances buying new televisions, laptop computers, or the latest techy gadget. This is the employee who gets green with jealousy because they aren’t making “enough” and can’t afford these goodies. It is unfortunate but it happens and I have apprehended employees in very similar circumstances. When it came down to the bottom line, after all the excuses were done it was usually a case of, “I just wanted it.” Employee package checks and receipt checks and the use of Electronic Article Surveillance (EAS) retail anti-theft devices often discourages much of this behavior.  I would still suggest you have a discussion with an employee if you hear them complaining or get word of it. You may get a better feel if it is just idle chatter or a potential problem waiting to happen.

An improving economy is exciting for store owners but watch out, those Jones’s may have what your employee wants and that could come at your expense. Make sure you spend time with your employees and listen to what they are saying. Your investment of time may save you headaches in the future.