MANAGEMENT

Detailed explanation-1: -Employee theft is stealing by employees from their employers. Pilferage is stealing in small quantities. Embezzlement occurs when a person takes money or property that has been entrusted to his or her care; a breach of trust occurs. Peculation and defalcation are synonyms for embezzlement.

Detailed explanation-2: -Employee theft is made up of different types, including theft of money, payroll theft, data theft, inventory theft, service theft, and inventory theft. These forms of theft can also be regarded as internal theft since employees steal from their employers.

Detailed explanation-3: -The Next Steps: How to Handle Employee Theft Ensure the employee no longer has physical, electronic access, or financial access. Investigate the theft and the employee to determine the extent of the damage. Follow your company’s disciplinary process. Report the employee’s theft to the police and your insurance company.