Beyond Watching the Cash Register: Preventing Employee Theft and Misappropriation

• Overview
• Credits

Develop a sound program that helps protect your company from employee theft.The cost of employee theft and its drain upon all organizations - not only in dollars but also in time, effort, employee morale and client confidence - cannot be understated. Theft manifests itself in a variety of ways, it is not limited solely to inventory, but can encompass misappropriation of supplies, false expense reports, information and even theft of time. It is critical for all employers, regardless of size, to have a cohesive, predetermined approach to minimizing employee misappropriation, as well as a comprehensive plan to respond to theft when it occurs. This topic helps employers develop a system for minimizing, detecting and responding to employee misappropriation, considering the legal and practical implications of developing such a system. While different employers will need to take various factors into consideration to tailor a program that best fits their organizations, this topic will help identify issues employers should consider to develop the right program for themselves.

Authors

Agenda

Overview

• Types of Theft and Misappropriation - It's More Than You Think

• Costs of Employee Theft

Theft Control Mechanisms

• Workplace Policies Every Employer Should Have (and Some to Consider)

• Activities to Control Theft, From the Pre-Hire Phase and Forward

• Privacy and Other Legal Implications of Theft Control Mechanisms

Conducting Internal Investigations

• Steps to Take

• Who Should Investigate?

• Documentation

• Deciding to Involve the Police

• Discipline and/or Termination