Employee Theft

Company X is committed to providing education for each employee to report unethical behavior and resolve conflicts without fear of retaliation. One such example would be the need to report employee theft. Employee theft is not only unethical but could also be criminal in nature. Regardless of employee status (entry level or upper management), each employee should feel it their responsibility to report any unethical behavior they observe. Employee theft can range from theft of money, time, office supplies or merchandise to providing proprietary information to unauthorized entities. These activities can result in a negative public image of Company X and should be reported as quickly as possible. Prior to reporting such offenses, each employee should ensure the accuracy of the evidence they will be reporting. There are various methods to report such abuses including but not limited to an anonymous toll free hot line number, verbal or electronic reporting to the local Human Resources office and the open door policy which encourages employees to approach members of management without the fear of

All businesses and organisations have to check to see that the information they have stored is accurate. For example, the money coming in and going out have to be correctly recorded otherwise it will look as if the company has not made much profit and it can affect the share prices of the company, affect the employees as the company might not be able to pay the employees and will have to cut down on staff, lenders will not agree to lend money, etc.

A company can avoid this situation by making it company policy that an employee cannot cash a check or pay for goods while they are on the clock working.

Jane Doe works in the HR department and is asked to update some employee phone numbers and addresses in the new benefits tracking system. Jane is working late and decides to leave her desk and get a soda for a little energy boost, she leaves her system logged in and goes down the hall. While Jane is gone the janitor comes in and sees the information on the screen: names, social security numbers, addresses, and phone numbers. He is a little down on his luck and decides to use this information to take out some online loans in an attempt to get ahead. It is not known until months later that the breach came from Huffman trucking when multiple employees report identity theft and an investigation is started.

The first of these threats is Social Engineering. Social Engineering according to Social-Engineer.org (2013), is “the act of influencing a person to accomplish goals that may or may not be in the ‘target’s’ best interest. This may include obtaining information, gaining access, or getting the target to take certain action.” The employees themselves are the area of the system affected by this threat. Social Engineering exploits their naivety. General lack of experience in recognizing this type of attack is a major reason for its success. Education on what Social Engineering is and how to recognize attacks coupled with company policies written, put into place, and enforced to prevent individuals from divulging or even having access to certain information no matter the scenario is the recommended course of action.

The final step in financial control is training your people. Everyone must be prepared to identify any irregular behavior. This behavior is not just with regards to the bookkeeping, but individuals whom are displaying signs of unexplained wealth, extreme changes in demeanor, or financial hardship, could be potential threats to the financial health of the organization because of illegal behavior or a propensity to such behavior. An anonymous whistle-blower program can help to provide employees with a way to report suspected colleagues for suspicious behavior without a fear of retaliation (Clevenger, 2009).

According to The Washington Post Company, "Nearly 60 percent of employees who quit a job or are asked to leave are stealing company data." Company date includes customers' personal information such as name, gender, age and email adress. Stealed information might be exploited. The information is trade secret and a business should keep trade secret (Trade Secret). Therefore, a business must keep customer safe from employees.

Conduct regular surveys to make sure that the employees are happy with the company or not as well as the company’s growth and the expectation of public from our

According to Walsh (2000) one of the major reasons for employee theft is low morale at the workplace. Second a lack of control over inventory. Sometimes young employees are subjectivity to peer press to be part of the group can encourage theft. The employee feels that the business or company has wronged or mistreated them in some way. This may be why employees feel underpaid and under-appreciate for their “hard” work done. Like any crime, there must be motive, method and opportunity. It is easy to steal because the employer does not have preventive measures to stop them. Preventive measures are crucial to reducing the risk of employee theft. If preventive measures are not existent then the opportunity to steal is very high. Employers should limit the opportunities to steal. Employers should open their own mail, segregate duties, and particularly bookkeeping functions. Also, employers should not have the check writer balance the checkbook and do not use cash. Younger employees do not think prudently, and tend to be impulsive (Walsh 2000). This is also a major reason why businesses suffer from low production and profit loss.

Nowadays employees have a full accessibility to Internet and that lets them to check personal

Is stealing becoming more acceptable in the workplace? Generally, when people think of stealing or theft they are referring to the act of physically taking property from someone else. In reality there are many different ways that an employee can steal from an organization, and I have seen three different ways in my short career. The basic definition of theft is the wrongful taking and carrying away of the personal goods or property of another, and this is one way in which people can take away from an organization. The most common way for people to steal from an organization is theft of time, and this includes; taking extra time on breaks and

Additionally, we recommend the segregation of duties, where different individuals receive the mail cash, record the receipts and hold the cash. This will ensure that different individuals are responsible for any related activity and that the responsibility for record keeping for the cash is separate from the physical custody of the cash.

Need to get be better rewarded: theft is a symptom that managers are not well remunerated. Pocketing the

Companies with a constant turnover of low-salaried part-timers or large businesses lacking competent supervisory personnel to oversee operations, leave themselves open to intentional or unintentional sabotage. Underpaid and undervalued employees, especially when unsupervised, lack any sense of obligation to their employer. They often demonstrate

Need to get be better rewarded: theft is a symptom that managers are not well remunerated. Pocketing the