Theft by employees is rampant – just ask any business owner or CEO. And when you start talking about employee embezzlement, the impact can be catastrophic to some businesses, especially small businesses, for several reasons:
Loss of assets – an employee stealing from a company can take anything from supplies and materials to money away from the company’s resources.
Loss of credibility – if a large theft or employee embezzlement is uncovered and reported to the public, the perception of the company may be damaged. The “if they can’t manage their own house, how can I think they can manage mine” theory can result in loss of clients and potential clients – for a long time.
Drain on future finances – Seeing a business embezzlement or theft [...]