Did you know 95 percent of U.S. businesses experience employee theft?1 This is a huge problem nationwide, and each year companies lose $50 billion to employee dishonesty.1
Veterinary hospitals are no exception when it comes to employee theft. In fact, due to our "family like" environments, we are likely to experience theft in our hospitals because we trust everyone and do not always have safeguards in place.
These are four main types of employee theft veterinary hospitals might experience: embezzlement; theft of inventory, equipment, or services; time clock theft, and theft of benefits.
Embezzlement
What is the difference between embezzlement and theft? "Put in very simple terms, embezzlement is basically stealing from your employer. The distinction between embezzlement and theft is the term 'entrusting.' It is the way in which the theft was committed. The Penal Code defines embezzlement as "the unlawful taking of something from another that has been entrusted to you."2
