How Retailers Can Utilize Security Surveillance Systems to Mitigate Employee Theft

EMPLOYEE THEFT, AN INSIDE JOB

It has been said time and time again that a company’s biggest asset is their employees. We all know that with great assets comes great risk. It shouldn’t surprise you to learn that there is a great amount of risk when it comes to the personnel your organization employs, OR should it? In addition, businesses, like retailers, are at a greater risk for employee theft because their employees handle cash and other assets on a daily basis.

Unsettling statistics report that retailers in the US lose SIXTY-BILLION DOLLARS a year just to employee theft (Leinbach-Reyhl). That is a jaw-dropping statistic. Accordingly, employee theft is the single largest contributor to loss by retailers. With the Holidays fast approaching retailers are forced to bring in more and more employees, which puts them at an increased risk for employee theft.

MITIGATION

The first step in mitigating employee theft is prevention. Retail stores are advised to install security surveillance systems. Security surveillance system cameras can be placed throughout any facility. The cameras will monitor “pain points” within a store such as cash registers, exits and entrances, and warehouse space. Anywhere you need “eyes” is an ideal location for a security surveillance camera. The very presence of security cameras acts as a deterrent to employee theft.
When an employee is suspected of stealing management can play back video of that employee in order to catch them in the act or exonerate them. Management will also have the ability to view any of the installed surveillance cameras in real-time, from any connected device. Even when you are not in your store, you are still able to watch over your employees and your investment. Retail managers have also reported that their employees were more accountable when on camera – directly increasing productivity and maximizing resources for those stores.

A LOCAL SOLUTION – SECURITY SURVEILLANCE SYSTEM

Savvy business owners realize that they must invest in their business today in order to reap long-term, sustainable benefits. A security surveillance system is a proactive investment any organization can make to protect itself from theft. At Security Surveillance System we have a team of sales personnel and technicians who are well-versed in the “pain points” experienced by retailers in Denver and throughout Colorado. Please give us a call and let one of our experts come out for a site survey to discuss how we can protect you against employee theft and other crimes against your business.

Source:
Employee theft statistics. (2017). Retrieved December 6, 2017, from https://www.statisticbrain.com/employee-theft-statistics

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