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Peculiarities of Theft and larceny in the workplace

Theft or larceny in the work place can be defined as use, misuse or stealing of any property that company has. You may think that by theft it is meant only money, but it is not. It can be any assets of the employer. In addition, money is not the most important thing that can be stolen from the company. There a few common things that employees prefer to steal:

  • Money – quite a common, asset when people choose what to steal.
  • Supplies – this is less harmless theft, than any other ones, because, usually, people steal such things as paper, pens, pencils and other things like this. Yet, they also can steal such things as computers and other quite expensive staff.
  • Time – this happens, when some corporation pays its employee but they don't work being on the job. This way company also loses money, because work isn't done as it is supposed to be.
  • Products of the company – this the category of theft in the workplace that includes products that are provided by some company and can be sold.
  • Information – this can become one of the most harmful categories in employee theft, because important data about trade secrets and product innovations can be sold to rivals. This can completely ruin the company.

As you see not every theft is that much tragic for the employer, but it depends on the company he/she owns. Some of them are necessary to prevent, when others it is possible to miss. It is also important to understand who in most cases is responsible for larceny, in order, to prevent it. It may be a surprise, but researches proved that in about 55% of all cases of theft managers are the guilty ones. This may happen, because they have trust position in the company and not a lot of control. It is also was proved that mostly people under 35 years old are those who steal. There is also a theory 10-80-10. It sounds like this: ten percent of all employees will never steal, another ten percent will always steal and eighty percent can steal, but only when they have real opportunity to do this. The good thing is that company can influence on those eighty percent and prevent such cases.

There are other important facts about this type of crime, but even more important to know how to prevent this in the future. One of the possible solutions, especially for small businesses is to provide thorough check of every potential employee. It is also vital to have meetings, where it will be possible to make people know that the company takes security seriously. Every employer should have clear picture of the business, which means always being aware of the situation.

Theft or larceny in the work place can be defined as use, misuse or stealing of any property that company has. You may think that by theft it is meant only money, but it is not. It can be any assets of the employer. In addition, money is not the most important thing that can be stolen from the company.

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Assignment ID
100002731
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CREATED ON
November 7, 2016
COMPLETED ON
November 8, 2016
Price
$43
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November 19, 2016
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