Employee Theft Investigations
When employee morale is diminished, the likelihood of employee theft within the organisation increases. This may manifest in various forms, including the misuse of company time.
Understanding Employee Theft
Employee theft is a significant concern for business owners and entrepreneurs alike. It is a leading cause of issues for the UK economy, with employee theft costing businesses millions of pounds every year. In addition, outright fraud exacerbates the problem. Theft can range from hardware and asset misappropriation to significant fraudulent activities, profoundly impacting businesses and having a cumulative effect on larger companies and potentially crippling smaller ones.
What to Look Out for Regarding Employee Theft
Worker theft is a matter of considerable concern to entrepreneurs and businessmen alike. It is among the top culprits responsible for problems faced by the UK economy as employee theft is responsible for millions of pounds lost by businesses annually. To add to this problem is outright fraud. Theft varies from hardware and asset misappropriation to large fraudulent acts that deeply affect businesses and have a cumulative effect on larger businesses and a devastating effect on smaller businesses.
What to Look Out for Regarding Employee Theft
Arguably the most frequently stolen asset, the theft of money can occur over an extended period and, if concealed properly, may appear as mere accounting errors.
Employees who claim time they did not work can be difficult to challenge, as first-hand evidence is required to demonstrate their activities during the claimed period. This often involves falsified records, which become harder to prove as time passes.
You may have an employee claiming to be off sick but you have suspicions that they are perhaps capable of work and enjoying your sick pay. Let us discover the validity of their supposed illness.
Theft can range from everyday office supplies to mission-critical hardware, often involving the smuggling of larger items out of the workplace, making surveillance necessary.
For businesses focused on selling goods, stock theft poses a significant risk. Such losses are often dismissed as damage or loss, but these items are frequently taken for resale or relationship use.
The unauthorised release of trade secrets can have severe repercussions for both the individual and the company, leading to serious fines and even imprisonment if discovered.
Employee Theft Investigation Recovers £18,000 in Stolen Goods
Recently we were engaged by a national retail chain after repeated stock losses were flagged in their warehouse. Covert surveillance and inventory tracking identified a long-term staff member removing high-value electronics and selling them through online marketplaces.
The Investigation Carried
Out By Kevlar
Over the course of several weeks, we conducted covert surveillance inside the warehouse and monitored employee movements. Our investigation revealed a senior staff member removing high-value electronics, concealing them in personal bags, and selling them via online marketplaces. The compiled evidence led to the recovery of £18,000 in stolen goods and immediate dismissal of the employee.
Don't Let Them
Get Away With It
We uncover the truth to protect your interests and provide you with peace of mind. Professionally, confidentially and accurately.
