Businesses lose around $50 billion each year due to employee theft. What’s worse, three-quarters of employees admit they’ve stolen from their employer on at least one occasion. Detecting employee theft can be difficult, but firing someone who’s been caught stealing is often even harder.
Not taking strong enough action against the thief can make your organization look inconsistent or weak, not to mention leave you vulnerable to further theft in the future. Disciplining an employee too harshly or hastily, though, can lead to legal ramifications.
Have you caught an employee stealing from your organization? Follow our step-by-step guide to make sure you get the process right.