Employee theft and shoplifting have a detrimental effect on the profitability of a store. No matter if you are a small business or a large enterprise, it is important to keep track of the activities of the store to ensure the safety of your employees, your customers and your assets.
The Truths about Shoplifting
Shoplifting can cost your business a significant amount of profits and may result in you having to downsize your staff; this can be detrimental to you and your workers. Consider the following facts:
• Every one of 11 people shoplift but only one in 48 are caught.
• 25 percent of all shoplifters are children.
• The type of stores that are targeted are not discriminated against.
Discovering Employee Theft
Even worse than theft from outside people, is employee theft. Even with reference checks and background screening, some employees will have the inclination to steal.
• Up to 35 percent of all employees have stolen services or goods from their place of work.
• The most common asset stolen is cash.
• Each year, employee theft costs over 50 billion dollars in the retail industry in the U.S.
Security Technology and Loss Prevention
One of the best ways that you can mitigate your risk is by utilizing the technology that is available, which will serve as your eyes when you are away. Installing a combination of video and mobile surveillance will help prevent asset loss and promote a safer store environment while providing you with peace of mind.
No matter if you have gone out for lunch, or you are traveling around the world, video surveillance and mobile access will allow you to check in with your business at any time. Some of the benefits this provides include:
• Monitoring all employee behavior and identifying red flags at the point of sale.
• Enabling settings that will allow you to know if someone enters into a prohibited area.
• Ability to arm and disarm your entire system, adjust your cameral views and control the camera angles from any location.
• Record surveillance footage and then store them for use later.
• View real time video of your store while you are away.
Keeping your store or business secure is easy when you integrate the technology offered by video surveillance.