Employee Theft The following memorandum written by a director of a security and safety consulting service discusses a critical issue effecting business in our economy today, that of employee theft. "Our research indicated that, over past six years, no incident of employee theft have been reported within ten of the companies that have been our clients. In analyzing the security practices of these ten companies, we have further learned that each of them requires its employees to wear photo identification
Prevention of Employee Theft Why do employees feel free to steal? Most employee theft occurs because it is too easy. What can a company do to prevent employee theft? What should a company do to employee thieves? The following paragraphs summarize a few ideas. Employee theft is a crime that is costing U.S. companies a great deal of money. Employee thefts are growing in number, partially because the perpetrators really do not see themselves as criminals and rationalize what they are doing
Employee Theft Employee theft is something that is dimensional, and many people a number of times have failed to appreciate this. Whereas some individuals knowingly are involved in this activity, others unconsciously participate in it. There are various degrees of employee theft that is not widely understood. One of the most predominant white-collar crime turns to be when employees steal from their employers (Bassett, 2008). Unsurprisingly, from the viewpoint of employers, such delinquencies are
Associates (1999) reported that 79% of workers admit that they have considered or would consider stealing from their employers! The main point of this paper is to touch on the employee theft problem and understand what causes it, how to differentiate its different types, and how to solve it and prevent it from happening. Employee theft is clearly an ethical issue that companies are facing. The financial consequences of this problem have no limits in terms of
Employee Theft in the Restaurant Industry It has been estimated that about $52 billion a year is lost due to employee theft and that approximately 95% of all businesses experience employee theft. Employee theft amounts to 4 percent of food sales at a cost in excess of $8.5 billion annually, according to the National Restaurant Association (Neighbors 2004.) The small Business Administration indicates that 60 percent of business failures are a result of employee theft. There are several reasons
without permission. Theft is the act of stealing and is defined by Ivancevich, Konopake and Matteson as the unauthorized taking, consuming or transfer of money or goods owned by an organization. The purpose of this paper is to explain and discuss employee theft in the workplace. The goal is to provide information concerning the motives, methods and effects of employee theft. Motives for Employees Theft In an effort to discuss meaningfully, the root or underlining reason for employee heft must be understood
Investigating Theft in Retail Organizations In an industry where a 1% change in gross margin can mean millions of dollars, retailers have begun focusing greater energy on mitigating losses caused by employee theft. Employee theft has become a problem of increasing significance for retail organizations over the past few decades. In 2004, the European Theft Barometer report showed an increasing prevalence of employee theft in retail organizations, up 1% from 2003 (Technology Tackles Employee Theft, 2005)
Sometimes there is no middle ground. Monitoring of employees at the workplace, either you side with the employees or you believe management owns the network and should call the shots. The purpose of this paper is to tackle whether monitoring an employee is an invasion of privacy. How new technology has made monitoring of employees by employers possible. The unfairness of computerized monitoring software used to watch employees. The employers desire to ensure that the times they are paying for to
Reducing Employee Productivity Loss, After Connecting to the Internet Overview Today companies continually search for ways to improve efficiency, and Internet e-mail has helped to achieve this goal. One of the problems not foreseen in connecting the office to the Internet is the millions of Web sites that exist. Making it simple for workers to connect to the Internet allows users to waste time, money, and bandwidth, only to return with virus-laden files as souvenirs of their efforts. This
Employee-Customer Relations in a Retail Store In a department store, where customers come to shop, customer-employee relations are a key element for the stores survival.Shopping is a major part of the life of almost every person in the country.The flow of money keeps business flowing.If no one spent his or her money, Business would cease to exist.The customer comes to the store expecting to be served, and the employees are trained (or are supposed to be trained) to please the customer.Businesses
The Psychometric Test and the Employee Selection Process Most employers want the ‘perfect fit’ for any position vacant for recruitment. They always tend to want the best man suitable for the job, technically and interpersonally. The common ways of recruiting an employee is by application forms, curriculum vitae, and interviewing sessions. Most candidates are polite at interviews just to put across a good impression to the interviewer. Just interviewing someone is not enough to know if
Employee Organisations & Unions If employers and employees have a history of good working relationship and mutual trust, reaching decisions, which are fair under the circumstances, would be achievable. For example, if the business is poor and redundancies are possible, it would be impossible to find a solution to suit everyone so the employer would have to make a difficult decision. Good relations between employers and employees are only possible if both feel that they can discuss major
Marxism and Labour Theory - The Conflicts between Employee and Employer 1. Introduction 1.1 Overview on the essay topic To organisations, employees (labours) are wonderful resources, because they are compact and multi-purpose, capable of simple manual tasks or dealing with complicated machines, most importantly, they are the profit maker for their employers. However, there is always a problem between employees and employer. Any attempt to manager in a humane way, by consensus, is doomed to failure
Hiring a New Employee “A company is only as good as the employees who work for It.” Seems to be the slogan driving most employers in today’s marketplace. Your employees are a direct reflection of your company and in many industries, may actually be considered the product. Finding the right employee can be one of the most crucial and difficult decisions a business can face. Businesses must be prepared for this process and understand the steps involved in hiring a new employee. When an employer
Employee/Employer Rights I am writing this coursework to explain the rights and responsibilities of employers and employees at Richer Sounds. I will also explain the procedures to deal with disputes and with health and safety issues that occur in Richer Sounds. First of all I will describe the main laws, which protect employees within businesses. All businesses/organisations must display details of the Health and Safety at Work Act in a prominent place. A legal requirement at work is
The performance appraisal system used by our organization is done annually. The purpose of the review is for employee as well as manager, to aptitude performance from the past year relating to the specific responsibilities and objective of that employee. This gives the opportunity for managers to give feedback on the strengths and development areas that are summarized from that previous year. Employees must also use this opportunity to give feedback on how they can best perform and develop themselves
Trade Secrets Economic espionage is the theft of trade secrets. Trade secrets are used by companies when manufacturing products. Trade secrets may be a technique, device, pattern, program, formula, process, or a combination of these things. Companies will go the extra mile to make sure this information is protected and doesn’t end up in the wrong hands. However, economic espionage wouldn’t exist if the measures taken by companies truly protected their trade secrets. Two issues involved in investigating
dangerous undertaking that requires a high readiness level on the employee's part. Allowing an employee with a low (R1, or R2) readiness level to telecommute is not likely to result in a positive manner. When an employee has a high readiness level and a definite desire to attempt working in the home, for some reason or another, many factors should be considered. What kind of schedule does the employee feel constitutes telecommuting? Generally speaking, telecommuting is defined as spending at least
Introduction Chris Harrison is a self employed contractor. He works out of Newfield New York. He was interviewed on two different occasions about a month apart with the aim of finding out how he felt about his work. During these two interviews a major sociological theme emerged. It was the theme of leadership styles and the relationship between Chris and his workers. Chris believes in treating the men that he has working for him as men. “The rest of them may only be eighteen or nineteen but they
Nike: From Sweatshops to Leadership in Employee Practices A. Introduction Nike is on of the world leaders in the footwear industry. It is doing very well in the environment and overall in the footwear industry. Nike has had some problems with its reputation due to the location of its suppliers and the linkage of Nike to sweatshops. Nike was publicly criticized for these things and it proceeded to avoid the problem and even mislead the public. Finally after having to settle on a legal case brought