Are Security Cameras Worth the Investment?
You may be asking “should I install security cameras in my business? Why would I spend that money and what would I get back?”
Do you really know what goes on when you’re not there to see?
Running your own business leaves you with the responsibility of protecting the business, your employees and your assets.
Security cameras are often primarily seen as a way to discourage theft, but they can also provide a business owner with more benefits that just being a deterrent.
In our extensive experience, security cameras can play a crucial role in sustaining your business and can actually help improve your bottom line.
Benefits Of Security Cameras For Your Bottom Line
1. Theft Prevention
In an anonymous Auckland survey, four out of five employees admitted they steal (or have previously stolen) from their employees.
50 to 75% of stock ‘shrinkage’ or loss of inventory or money is due to internal theft.
Yet 80% of managers polled do not believe their employees would engage in dishonest behaviour. (NZBusiness.co.nz).
Often employees will have constant opportunity to steal cash or merchandise…all they need is the desire and opportunity to do so.
Visible security cameras in a business will not only make employees feel safer, but also become a deterrant for external and internal theft.
By installing security cameras, you reduce the opportunity for employees to have the opportunity and inclination to steal. People will often alter their planned course of action if they know they are being watched and recorded.
Security cameras also discourage shoplifters and burglars because they know there will be evidence. As they say in security speak encourage them to go elsewhere where the pickings are easier.
2. Employee Performance Monitoring
Productive employees are the lifeblood of every business, but how do you assess their performance levels?
Every business should continually monitor and assess the performance of their employees.
However, it is impossible to be everywhere at once, and it can be difficult to manage the operations of your business while you are away.
With security cameras and remote services you can view on your computer or phone, you can ensure your business is operating efficiently even when you’re not there.
3. Business Compliance Monitoring
Does your business or industry have to meet strict compliance guidelines?
One of the ways businesses can ensure their employees are complying is through the use of security cameras.
For example, security cameras are often used in the production process to make sure products are being produced and packaged correctly.
Also, should you run a restaurant or hotel, security cameras can be used to ensure employees are adhering to sanitation requirements.
4. Creating An Audit Trail
A security camera surveillance system with a digital video recorder (DVR) can also serve as a great auditing tool for your business and it will save you time and money.
Security cameras at entrances and exits of rooms and buildings shows who was there and when it was accessed.
This could be an important data trail in the event of a theft or data breach, or even for solving employee time tracking discrepancies.
Here at Insight EDS, we always recommend installing overt cameras versus covert cameras (although if internal theft is suspected a covert camera is a good option for collecting evidence, but that is another blog article!).
It is always easier to stop the crime taking place than tracking down the offender (or perpetrator) and prosecuting afterwards.
And don’t forget you can have peace of mind via remote viewing from your Smartphone or device. You will be able to see what is going on in your business even while you are not there. Real time viewing!
Learn more about security cameras, what they can do for you, and assess your unique business needs