Consider Security Monitoring for Your Business

admin 15 Feb 2013

It happens all the time. You go into your business and things are missing. Depending on what kind of business you own, this can be anything including cash, office equipment, retail merchandise, construction supplies, hospitality and restaurant supplies, and anything else that isn’t nailed down. Where do these things go when no one is around?

The answer is simple and also infuriating. Many times it is employees or their friends who are stealing re-sellable inventory from your business. You may already suspect this, but Security Guards Sydney has some interesting statistics for you. Did you know that if you own a retail business, 35.6% of stealing comes from shoplifters, but 42.7% comes from employees? Did you also know that 75% of employees steal from their employer at least once, and 37.5% steal more than once? This is according to the research conducted by the Association of Certified Fraud Examiners, Institute for Corporate Productivity (9/18/2012).

If these numbers shock you, they should. While it doesn’t mean that every employee you have is walking out the door with their pockets full of your merchandise, it does mean that you could use help with preventing some theft. This is because most employees steal when they think no one is watching the business.

It goes back to the old saying, “when the cat’s away the mice will play.” If your employees think that you are lax about running your business, they will take advantage of the situation. If you are not paying attention, your employees can rob you blind. Think we are kidding? Did you also know that 33% of all bankruptcies are caused by employee theft?

If your business is suffering losses, don’t go on your suspicions – go on facts. However, in order to get the facts, you need to have security monitoring for your business. Since only 26% of employees will turn over an employee who is a thief, you need security monitoring to find out where your missing inventory is going.

A security monitoring team from Security Guards Sydney can monitor your property and find out which employees are staying late, which one are there when they aren’t suppose to be, and who is leaving the doors and windows unlocked when they leave at night.

Security monitoring for your business can stop the losses. As soon as someone knows they are being watched by a third party, the losses will stop because they are afraid of getting caught. You will be amazed at how quickly items will stop going missing when you have a third party watching your business.