• Employee Theft Identification Badge
    794 words
    The following memorandum written by a director of a security and safety consulting service discusses a critical issue effecting business in our economy today, that of employee theft. "Our research indicated that, over past six years, no incident of employee theft have been reported within ten of the companies that have been our clients. In analyzing the security practices of these ten companies, we have further learned that each of them requires its employees to wear photo identification badges ...
  • Employee Theft Employees Management Loss
    1,933 words
    OUTLINE I. Overview II. Myths & Misconceptions III. Facts & Reality IV. Why Employees Steal V. Signs of Theft VI. Preventing Losses VII. Loss Prevention Programs VIII. Summary Overview Employee theft is clearly one of the most costly, misunderstood and underestimated business problems facing today's management. Studies conducted by the Department of Commerce, American Management Association, Joint Economic Committee of Congress, Universities and trade associations all decided that losses from e...
  • Investigating Theft In Retail Organizations
    1,640 words
    In an industry where a 1% change in gross margin can mean millions of dollars, retailers have begun focusing greater energy on mitigating losses caused by employee theft. Employee theft has become a problem of increasing significance for retail organizations over the past few decades. In 2004, the European Theft Barometer report showed an increasing prevalence of employee theft in retail organizations, up 1% from 2003 (Technology Tackles Employee Theft, 2005). It's been estimated that "the outco...
  • Employee Theft Employees Restaurant Food
    732 words
    It has been estimated that about $52 billion a year is lost due to employee theft and that approximately 95% of all businesses experience employee theft. Employee theft amounts to 4 percent of food sales at a cost in excess of $8. 5 billion annually, according to the National Restaurant Association (Neighbors 2004. ) The small Business Administration indicates that 60 percent of business failures are a result of employee theft. There are several reasons why the restaurant industry is extremely s...
  • Business Ethics In The 21st Century
    1,178 words
    Ethics, does it mean anything to businesses in today's society of social and economic behaviors? Defined by the American Heritage Dictionary, ethics is "the study of general nature of morals and of the specific moral choices to be made by individuals in their relationships with others; a set of moral principles or values" (Morris, np). Ethical practices include giving back to the community, honesty, and integrity. Opposite to this are unethical practices which are violations of governmental regu...