As loss prevention professionals we’re trained to consider the dollars and cents of shrink reduction. This is something King Rogers’ excellent article, “Maximize Your Video Investment” in last month’s RetailSolutionsOnline.com assumes when he talks about the value of video monitoring. While video monitoring can help reduce losses, he overlooks another cost that video monitoring can reduce: the immeasurable human cost we pay when our employees are not safe.
We’ve all felt our heart sink when we hear of an employee getting hurt- especially if their injury is related to a breach in security. What will happen to them? What will happen to their family if they are out of work because of their injury or fears? Will they want to return to work when they have recovered?
Although we don’t like to think of it in these terms, whenever an employee is harmed in a crime there are real costs for our companies. Even if an employee is not physically harmed, we should consider the costs of employee turnover when our employees leave because they don’t feel safe.
This is why we at Iverify consider ourselves “people protection people.” There are costs associated with breaches in security- both monetary and immeasurable human costs. At Iverify we provide security that can prevent both.
In addition to reducing loss and shrink through traditional video surveillance, the “I” at Iverify provides video surveillance that can:
When you provide your employees a sense of security they will be more loyal and feel more valued. A sense of security translates directly into lower employee turnover rates and less training costs. As a bonus, employees who feel more valued and who have been at your company longer potentially will be less likely to steal from their employer. This translates into quantifiable loss reduction.
If you really want to maximize your video investment, you need to use video monitoring to make your employees feel safe.
The Inside View is a blog chronicling Iverify’s thought-provoking perspective on business, technology and the security industry.