Research revealed that employee theft
accounts for the majority of retail theft in America. according to
the report, retailers lost 1.7% of the total annual sales in 2001.
This result was a combination of employee theft, shoplifting, vendor
fraud and administrative error. Since the retail economy accounts
for $1.84 trillion annually, the loss is estimated at $31.3 billion.
This is larger then bank robbery, household burglary and vehicle
theft COMBINED!
At ESLI, we've found that a reliable, updated surveillance system
will help
reduce
employee theft
considerably.
With today’s
DVR surveillance systems,
you have the ability to view your business from your home, office or from
practically anywhere in the world with an Internet connection, and
unlike traditional VCR tape surveillance systems, today's DVR’s
store the image on a hard drive, enabling you to search events by
the date, time and other variables such as movement.
Additionally, a
greater part of business owners are using DVR systems for time
management, customer behavior and traffic flow.
Regrettably we will never completely stop employee theft, but by
following a few steps, you can help reduce your loss.
Steps you can take to help lower your inventory shrinkage:
-
Keeping vigilant - Employees know
when you're alert and when you're not!
-
Improve employee job satisfaction -
A happy employee, is a trusted employee!
-
Conduct employee background
screenings - Know who you are hiring!
-
Have an updated CCTV surveillance
system - Old outdated equipment is seldom use!