In the United States, employee theft is a serious problem for businesses. According to one study, $50 billion is stolen annually from U.S. businesses by employees, and 75 percent of employees admit to stealing at least once from their employer. So how can business owners avoid this problem? They can install wireless video security cameras. It has been proven that employees are less likely to steal if they are aware they are being watched.
Professionally installed camera systems are an excellent investment. Many business owners find that the technology quickly pays for itself. We have developed a list of ways security cameras can prevent and stop employee theft to better inform business owners.
Installing Wireless Security Cameras Lead To Positive Change
It is not uncommon for dishonest employees to quit when high-tech surveillance cameras are installed, and it gives others second thoughts about acting dishonestly.
Because cameras present the threat of being caught, the mere presence of cameras deters criminal activity among employees. One begins to consider the consequences of his or her actions more when cameras are present.
Video Is an Important Tool for Liability Claims
The installation of security cameras throughout Chuck E. Cheese’s 510 company-owned stores reduced claims costs by $600,000 over three years, according to BusinessInsurance.com. “We’ve made several claims that vanish once we produce the video footage to show that what the claimant says, whether it’s an employee or a guest, … didn’t happen,” said Jeff Strege, the company’s director of risk management.
Similarly, Marsh Inc.’s Worker’s Compensation Center of Excellence head, Christopher Flatt, discussed monitoring workplace safety with security cameras. “The added benefit is having a tape of potential injuries or claimed injuries and being able to validate them,” Flatt said.
Point-Of-Sale Cameras Increase Worker and Customer Safety
The cash register is a susceptible area that should be monitored constantly, according to VideoSurveillance.com. The register should be covered with a retail security camera to monitor and observe all activity taking place, including transactions, refunds, and money counting. You can deter customers from committing crimes by installing a security camera pointed at the register. You’ll also have clear and useful video footage of the incident if a robbery occurs, which may help authorities find the perpetrator and get your money back.
Use Cameras to Safeguard Costly Items
Employees can get the idea to steal some items here and there when there are several valuable items in storage without cameras. Employees who find it easy to steal items may decide to steal money as well, which can become a very problematic situation for the company in the long run.
You can even pair a wireless video surveillance system with access control to have video footage of whoever enters the high-value storage area and an electronic record of who entered the space throughout the day. You can create an effective security environment by integrating video surveillance and access control.
Prevent Payroll Fraud by Utilizing Cameras at Check-in Points
Twenty-seven percent of all businesses experience payroll fraud. The frequency of payroll fraud is almost double in small organizations, with the average payroll fraud lasting about 36 months. According to Forbes, “The reality is payroll fraud is not preventable, but it is catchable. The key is catching it and minimizing the risk.”
The installation of a wireless video surveillance system near the entrance to the building allows you to accomplish precisely that. You can check the video if you become suspicious of an employee’s hours.
Have You Thought About Upgrading Your Company’s Security System?
If so, Johns Brothers Security offers FREE consultations. In addition to wireless video cameras, our team of experts can provide you with more information about the latest security technologies. To meet the safety needs of each client, we design systems customised to their needs. No matter what size of business you have, a smart security package can provide your business with convenience, peace of mind, and cost savings. Give us a call at 1-800-242-9760 today for more information!