In the event that money is stolen, the employee may be charged with either a. embezzlement – in the event that the employee was given responsibility for the funds that were stolen as part of his or her job) or b. larceny by an employee – in the event that the employee did not have the legal right to be in possession of the money that was stolen as part of his or her job).
The term ″embezzlement″ refers to a type of white-collar crime that occurs when a person or institution purposefully misappropriates the assets that have been entrusted to them.
What is embezzlement and why do employees steal?
- In general, embezzlement refers to the theft of business funds or the diversion of those monies to the person who committed the theft.
- Things other than money can also be taken without permission.
- The loss of tangible goods, such as notebooks and pens, as well as items, is possible.
- Theft of data and other forms of intellectual property is becoming an increasingly widespread criminal activity.
- Why Do Workers Steal From Their Employer?
Is employee theft a real crime?
Theft and other types of employee crime are a serious danger that you, as a business owner, need to take into consideration.
What if a trusted employee is stealing from your company?
- It may be a disturbing experience for a business owner to find out that a valued employee has been stealing from the organization.
- At first, you could get the impression that you should turn away or respond angrily to what’s happening.
- Neither of these is an acceptable response.
- Turning a blind eye to theft is a surefire way to invite further problems, not just with the thief but also with the other workers.
What motivates employees to steal?
- Employees who steal have a reason to do so as well: They are living beyond their means and trying to justify stealing a little money from the firm so that they may keep up their lifestyle.
- It is striking that the majority of workers excuse or rationalize their theft, even as they take ever bigger quantities.
- How do employees manage to steal from their employer?
- Theft can be committed by an employee in a number of different ways, including the following:
What if a trusted employee is stealing from your company?
- It may be a disturbing experience for a business owner to find out that a valued employee has been stealing from the organization.
- At first, you could get the impression that you should turn away or respond angrily to what’s happening.
- Neither of these is an acceptable response.
- Turning a blind eye to theft is a surefire way to invite further problems, not just with the thief but also with the other workers.
Is employee theft a real crime?
Theft and other types of employee crime are a serious danger that you, as a business owner, need to take into consideration.
What is embezzlement and why do employees steal?
- In general, embezzlement refers to the theft of business funds or the diversion of those monies to the person who committed the theft.
- Things other than money can also be taken without permission.
- The loss of tangible goods, such as notebooks and pens, as well as items, is possible.
- Theft of data and other forms of intellectual property is becoming an increasingly widespread criminal activity.
- Why Do Workers Steal From Their Employer?
What motivates employees to steal?
- Employees who steal have a reason to do so as well: They are living beyond their means and trying to justify stealing a little money from the firm so that they may keep up their lifestyle.
- It is striking that the majority of workers excuse or rationalize their theft, even as they take ever bigger quantities.
- How do employees manage to steal from their employer?
- Theft can be committed by an employee in a number of different ways, including the following: