How do you handle an employee stealing?
The Next Steps: How to Handle Employee Theft
- Ensure the employee no longer has physical, electronic access, or financial access.
- Investigate the theft and the employee to determine the extent of the damage.
- Follow your company’s disciplinary process.
- Report the employee’s theft to the police and your insurance company.
How do you fire an employee suspected of stealing?
Thorough Investigation Depending on the seriousness of the theft, you may find it necessary to temporarily suspend an employee while an investigation is conducted, but you cannot fire an employee simply based on suspicion. Look for unequivocal evidence that the employee has committed theft.
Can you sack an employee for stealing?
Theft is considered by Fair Work to be serious misconduct which may result in disciplinary action taken against the employee, including summary dismissal. However stealing the day’s taking would justify summary dismissal.
How does employee theft affect businesses?
Operational Risks. The damage done by employee theft is the cause of nearly a third of business bankruptcies in the U.S. To cover the losses caused by employee theft, a company may have to lower payroll by releasing employees, delaying key personnel promotions, and putting company expansion plans on hold.
How to deal with an employee who is stealing from you?
Before dealing with an employee who is stealing, keep these points in mind: 1. You should have a company policy This should talk briefly about what points count for breaking company policy and their repercussions. As a business owner or manager make it a point to note that everyone is aware of those policies. 2. Select the right words
What to do if an employee is stealing data assets?
A calm mind will allow you to decide your next step. (Once you are confident that the employee has been stealing data assets, take these steps.) Immaterial to what evidence who are basing your suspicion on, it should be very strong. It could be in the format of a video or a trustworthy witness.
How do you deal with theft in the workplace?
The best way to respond to employee theft is to prevent it from occurring in the first place: Use caution when recruiting. Insist on references and validate them. Require criminal background checks of all new employees. Implement internal controls to safeguard your assets.
How can you prevent fraud in the workplace?
Train employees on these topics annually. Monitor your employees and operations to keep your staff honest, but steer clear of micromanaging employees unless it’s welcome or necessary. Perform routine financial audits. Check stock and equipment on a regular basis. Provide an anonymous means for employees to report suspicious activity.