Employee Theft and The Costs Associated With It

Sending Personal Emails on Company Time

2017-09-14T10:21:00.000-07:00

Another form of employee theft is using company time to send personal emails. It ten workers send three personal emails each, which take a total of 7 hours to complete, at a cost of $10/hour. this will cost the company $70.00. Which equates to $490.00 a week and $25,480.00 a year lost to employee theft.

Sick Days

2017-09-14T10:18:00.002-07:00

Using sick days when an employee is not sick is another form employee theft. If three workers call in sick for one 8-hour day when they are healthy, at a cost of $10/hour this equates to $240.00 a day. Which is $1,680.00 a week and $87,360.00 a year lost to employee theft.

Making Personal Copies at Work

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Another example of employee theft can be using office resources to make personal copies. If one worker makes 300 personal copies on the company photocopier, at a cost of $.05/copy that equates to $15.00. Which can equate to $105.00 a week and $5,460.00 a year lost to employee theft.

Covering personal expenses through the company

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Using company expenses for personal reason is another form of employee theft. If one employee sends three personal packages at the company’s expense, at a cost of $7, $4.50, and $12 this totals $23.50 a day. Which comes up to $164.50 a week and $8,554.00 a year lost to employee theft.

Computer Games

2017-09-14T10:11:00.001-07:00

Plays games at work also creates a problem at work and is another form of employee theft. If three employees play computer games for a total of 4 hours each, at a cost of $10/hour the company will lose $120.00 a day. This equates to $840.00 a week and $53,680.00 a year lost to employee theft.

Extended Lunches

2017-09-14T10:09:00.000-07:00

Using company time by taking extended lunch is yet another form of Employee theft that costs. If four workers take an extra half-hour for lunch, at a cost of $14/hour this equates to $28 a day. Which comes to $196.00 a week and $10,192.00 a year lost due to Employee Theft.

Late Employees

2017-09-14T10:06:00.000-07:00

Showing up late or leaving work early can cost a company substantially. If three workers arrive at work 15 minutes late, at a cost of $11/hour that will cost the company $8.25 a day. Which equates to $57.75 a week and $3,003.00 a year lost to Employee Theft.

Post-It-Notes

2017-09-14T10:04:00.000-07:00

Office supplies are an easy item to overlook and bring home with them. If three workers each take home two packs of Post-It® Notes, at a cost of $.67 per pack. That equate too $4.02 being stolen from the company. Which is $28.14 a week and $1,463.28 a year lost due to Employee Theft