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Most workplaces have to give one or two warnings before they fire. If they don't then they must have it displayed prominently in their mission statement/charter or in the terms of employment. As a employee you should try and keep up to speed with whichever is relevant to your particular workplace.
I personally would give someone like this the benefit of the doubt more so if it's a long standing employee but the chances are good they've done it before and they'll do it again. Stealing from an employer means you lose their trust and for some, in cases that involve cash handling, that's just too bigger liability to have around.
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