Employers understand that employees can commit a wide variety of crimes. Some may seem minor in the big scheme of things, but all kinds of employee stealing and vandalism can add up to a very costly problem for employers.
Limit Your Losses
The more aware you are of the different types of employee theft, the better equipped you will be in handling each situation. Examples of theft include the following:
- Theft of Company Time – Employees need to focus on their work and not spend time running personal errands or conducting other business on company time.
- Larceny – Stealing supplies, inventory or petty cash is larceny. If the theft is committed by a senior executive, it is considered embezzlement.
- Expense Report Schemes – Adding items to expense reports that weren’t company-related should not be tolerated.
- Billing Theft – This could include things like setting up fake supplier accounts and paying the accounts with company funds.
Give all employees a handbook that lists the different employee crimes and the consequences of stealing from the company. Conduct annual training to remind employees about the ramifications of this theft.
Invest in Theft Insurance
Your insurance agent can help you find the best policy to protect your business in the event of an employee crime.
Protect your company from unwanted employee fraud and theft.