Auditing 101 Employee Theft


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It is important for storage owners and supervisors to understand not only what is being stolen but what motivates people to embezzle. This will allow the owner to implement appropriate preventive and detective measures. Keep in mind that many employees who steal from an employer are first-time offenders. There are two separate, but related, theories about why employees commit fraud. A study from researchers Hollinger and Clark of 12,000 employees in the workforce found that nearly 90 percent engaged in “workplace deviance,” which included behavior such as goldbricking (doing less work that one is able to do), sick time abuses, and pilferage. And, a shocking one-third of employees actually had stolen money or merchandise on the job.

By Carol Mixon-Krendi