How does theft affect a business

How does theft affect the economy? What are the consequences of employee theft? How does stealing affect society? How long after stealing Can you be charged? What happens if someone presses charges on you for theft? What are the odds of getting caught shoplifting? How can you tell if someone is shoplifting? What dollar amount is grand theft? Can you beat a shoplifting case? Should I plead guilty shoplifting?

Why plead not guilty if you are guilty? What happens in court for first time shoplifting? Is it bad to plead not guilty? What happens after being found not guilty? Does pleading guilty reduce your sentence? Lastly, let your employees know that you have a strict employee theft policy and that you will terminate employment and prosecute.

Should you have a loss, having proper crime insurance can help make you whole again. Start a Quote. There are a variety of ways that employee theft is occurring. Search for:. Preventing future theft can also eat into company revenues, which causes a dip in profits. Theft of company products leaves less inventory for legitimate customers to purchase.

With less inventory, the business has a smaller product pool with which to recoup production costs, pay vendors and meet other financial obligations. This shrinks overall revenue and leaves fewer leftover dollars for the business to distribute as profits. Increasing production to replace inventory lost through theft can further diminish profits as the business pays increased worker wages, higher utility payments at manufacturing facilities and purchases larger quantities of raw materials.

Incorporating new security measures to prevent stealing, including video cameras and security alarms, adds to a company's overall operational costs. Adding more weight to a company's financial burdens takes more cash away from total revenue. This reduces net profits unless the business can sell enough products to replace profits lost from stealing and the additional cost of theft prevention measures. This can increase tension in the workplace as employees attempt to secure higher sales figures just to help the company sustain current revenue levels.