Questions on Employee Theft

Topics: Theft, Shoplifting, Employment Pages: 3 (1004 words) Published: March 30, 2006
In today's society with the slack in rules and non aggressive management it is very easy for a company to produce an environment where theft seems acceptable. Employees steal and find that there aren't any repercussions for their crime so they continue the behavior. It's all positive for them because they get something out of it and there is no punishment. It was reported by the security Group of Cahner's Business that, if they saw others getting away with theft, 66% of employees would steal. This is not including the 13% who already steal or would steal anyway (Guerin 2004).

I believe that employee theft is stealing or misusing a company's assets without their prior permission. It is not just stealing money, inventory, or office supplies; employee theft also includes taking customers and information. Employees may think that taking small things, or not very much won't affect the company but it is estimated that it takes twenty dollars to compensate for every dollar stolen from a company (Case 2000). Employee theft also includes stealing from coworkers. Although this is rarer, it still happens a lot. This happens less often because the thief is taking a much larger risk stealing from an individual who is much more likely to report the crime and/or prosecute. A fellow employee rarely turns in a coworker that he/she knows is stealing from the company, and the thieves know that. That makes it much more logical for them to steal from the company as opposed to fellow workers.

It may seem that employee theft is pretty rare, but it is much more commonplace that it may seem. The amount of employee theft has dramatically increased in the last decade. In the year 1991 38.4% of retail theft was accounted towards employee theft and in the year 2000 that had increased to 46%. Employee theft costs businesses in the United States more than fifty billion dollars a year. Most companies actually experience more loss from employee theft than shoplifting. (The...

Bibliography: 1. Guerin, Lisa. Workplace Investigations: A Step-by-step Guide. Berkeley, Calif Nolo, 2004.
2. Case, John. Employee Theft: The Profit Killer. John Case & Associates, 2000.
3. Gale, Thomson. Employee Theft. The Thomson Corporation, 2006.
4. Employee Theft % by Retail Market Segment. Retrieved 2/15/06.
5. The Company You Keep. Retrieved 2/15/06.
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Employee Theft Essay
  • Employee Theft Essay
  • Retail Theft Essay
  • employee Essay
  • Stealing: Theft and Store Essay
  • Essay on employee engagement
  • Identity Theft Essay
  • Identity Theft Essay

Become a StudyMode Member

Sign Up - It's Free