What does it mean when an employee steals from an employer?

What does it mean when an employee steals from an employer?

Stealing at work is generally termed theft in the workplace. Employee theft is characterised as “any stealing, use, or misuse of an employer’s assets without permission.” The term “assets” is important because it implies theft involves more than just cash.

How to handle a case of employee theft?

How you handle a case of employee theft can mean the difference between a simple matter and complex litigation. If you find an employee stealing, it’s important that you handle it carefully so you don’t expose your company to litigation. Prevention and preparation are important.

Can a employer deduct theft from your paycheck?

Even where an employer is permitted under applicable laws to deduct the stolen funds directly, if the employee’s paycheck dips below minimum wage on its face, the employee has a colorable claim under the FLSA and litigation may ensue.

How much money did Kiplinger employee steal from customers?

“CCTV security video shows Taylor repeatedly stuffing customers’ cash into her purse, and our data reveals no accounting entry for dozens of résumés which were created during a one-month time frame when she was the only person working. The loss comes to $3,500.

What to do if you suspect an employee of stealing?

If you suspect an employee is stealing, you will have to decide either to conduct an internal investigation or to call in outside expertise. An internal investigation will probably cost less, but consider whether you can do so fairly and without bias, and whether you have the necessary resources.

How does one prevent employees from stealing?

6 Ways To Keep Employees From Stealing From You Conduct a Background Check. One of the first things you can do is perform a background check on each of your potential employees before they are hired. Create a Zero-Tolerance Policy. People of all ages respond to consequences. Develop Solid Relationships with Your Employees. Design a System of Checks And Balances. Invest in a Point of Sale System.

What to do if you get caught stealing at work?

Damage control Consult an attorney. Before you sign anything, you should seek legal advice. Review your employee handbook. Make sure you read through your company’s employee handbook, where you will find information on theft, misconduct and the relevant disciplinary procedures. Talk to your manager. Admit to theft.

Is it legal to pay workers in cash?

Paying employees in cash is perfectly legal if you comply with employment laws. You have to take out the normal payroll deductions. Types of payroll deductions include income taxes (federal, state, and local), FICA taxes ( FICA tax includes Social Security and Medicare taxes), health insurance,…

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