There are different advantages that are associated with installing the right business video surveillance systems. With the increasing advancements and affordability of business security cameras, these benefits can be enjoyed by all businesses of all sizes. In this post, you will learn about the benefits of investing in a security camera system in the workplace. It is a good idea to consult surveillance experts for assistance when buying and installing these systems.
Preventing Employee Theft
The truth is that employee theft will have a negative impact on any line of business. Recent studies show that employee theft is as much as $60 billion annually. Also, the studies show that about 30% of businesses fail because of considerable damage employee theft causes. With such high numbers, it is no wonder that a lot of business owners are installing video surveillance systems in the workplace.
Improve Productivity with Employee Monitoring
Another factor that negatively affects businesses is loss of productivity. Although it is quite different from stealing inventory from a business, employees wasting valuable time are indeed stealing from the company. Employee monitoring systems help increase overall productivity. Not only employees are motivated to reduce their time, but managers also help identify weaknesses. Increased productivity can benefit the business’s bottom line, particularly when increasing the overall efficiency of operation. There are also other areas that could be impacted to help boost profitability and productivity.
Monitoring and Securing Off Limit Areas
There are areas in a business where customers or employees are not allowed without permission. Such areas contain sensitive information like management offices, inventory areas, accounting departments, and valuable assets. If something comes up or gets destroyed, it is vital to identify what happened. When that area is secured with a video surveillance system, it becomes easy to know who had access. There are also security cameras with motion detection capabilities that will alert you when unauthorized people gain access to private areas in your business.
Protection from Liability Lawsuits
In the workplace, accidents do happen. However, false liability lawsuits happen too often. Visitors and employees are known to make false injury claims, and the company is held financially responsible. Business security cameras systems help protect companies from false claims to reduce their potential liabilities. They provide the much-needed proof that the event occurred and proving that the lawsuit is true or valid. Usually, liability lawsuits result in settlements that can get to hundreds of thousands of dollars.