Employee Theft

Employee Theft

Employee theft is something that is dimensional, and many people a number of times have failed to appreciate this. Whereas some individuals knowingly are involved in this activity, others unconsciously participate in it. There are various degrees of employee theft that is not widely understood. One of the most predominant white-collar crime turns to be when employees steal from their employers (Bassett, 2008). Unsurprisingly, from the viewpoint of employers, such delinquencies are at the center of white-collar crime problem. To understand this topic better, it is equally significant to understand the comprehensive definition of an employee. In contrast to what a majority of people know, an employee is a person who is being paid

In an extensive viewpoint, all employees involve in theft as loafing and shirking which can in a way be viewed as crime. Most employees utilize office machinery and supplies for personal benefit. Most employees always make personal phone calls by using business phones at work. Subsequently, a number of employees also use company cars for personal reasons. Employee theft is varied and should not just be viewed as directly stealing money from the company’s account, as even doing personal stuff during work hours is theft (Jex & Britt, 2008). Managers and executives are normally in a position to gift themselves excess bonuses which may also include expensive vacations illegally funded by the funds of a firm. Most managers have their employers as the shareholders of the company, and embezzlement of the company finances is a form of employee theft. Under such circumstances, employees ought to act in the best interest of the shareholders, i.e., wealth maximization, thus ensure high returns to the shareholders. However, this always fails to be the case as some pay themselves high salaries not approved by shareholders. Another form of employee theft is experienced in most family businesses. As a result of businesses skills and qualifications possessed, one family member may be given the role of managing a business owned and funded by family members. However, in many circumstances, betrayal emerges when he/she uses the ignorance of other family members to misappropriate the business