Arkansas Termination for Theft of Company Property Letter
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How to fill out Termination For Theft Of Company Property Letter?
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FAQ
If the employee is nonexempt, you may be able to dock their wages. Under the FLSA, you can make deductions for unreturned company property if the employee is nonexempt and the deduction does not drop the employee's pay to below the minimum wage or reduce overtime wages owed to the employee.
How to write a termination letter?Let the employee know the date of their termination.State the accurate and detailed reason(s) for his/her termination.Mention compensation and/or benefits, if any.Notify that they must immediately return all company property.More items...?
It is, thus, only the present officers and employees who can secure possession of any property of a company and it is possible for such an officer or employee to take away possession of such property after termination of employment.
The termination letter for theft format should be formal and straight to the point and include the date of the offense and the specifics of the offense. Notifying the employee of existing proof will help prevent a legal battle based on wrongful termination charges.
Dear Name, According to Company Name policy, employees are required to return all company equipment upon termination. As of the writing of this letter, there is no record of your returning describe missing items.
If the employee is nonexempt, you may be able to dock their wages. Under the FLSA, you can make deductions for unreturned company property if the employee is nonexempt and the deduction does not drop the employee's pay to below the minimum wage or reduce overtime wages owed to the employee.
The Next Steps: How to Handle Employee TheftEnsure the employee no longer has physical, electronic access, or financial access.Investigate the theft and the employee to determine the extent of the damage.Follow your company's disciplinary process.Report the employee's theft to the police and your insurance company.More items...
How to write a termination letterStart with the date.Address the employee.Make a formal statement of termination.Specify the date of termination.Include the reasons for termination.Explain the settlement details.Request them to return the company property.Remind them of the binding agreements.More items...?
If it is very clear that the laptop is the property of the company and not the employee, then an employee who keeps property given to them for use only after the permission to keep it has been revoked could be liable for a form of theft.
As such, if you do not promptly return their property, your former employer could have grounds to file a civil lawsuit against you. In some extreme cases, your former employer may also take criminal action in order to ensure the prompt return of company property, such as a company vehicle.
