Video surveillance systems have benefited businesses a lot in varied ways. They not only help in preventing shoplifting and catching shoplifters, but also help in keeping a close eye on employees. It is a well-known fact that people act differently when they know they are being observed. Thus, using cameras for employee monitoring helps in improving employee performance, increasing customer satisfaction, and enhancing productivity.
Video surveillance systems are extensively used today for a variety of purposes. In businesses, they are used for virtually everything right from measuring efficiency to ensuring data security and to compliance with securities laws. The manufacturers of security systems are vigilant regarding the security concerns. If security is your concern, you can buy Hikvision cameras as this brand keeps updating its systems for any vulnerability whatsoever.
Retail stores and restaurants use these video surveillance systems. When employees know that they are under constant monitoring, they are less likely to steal. They also refrain from idling away their time and become more productive. Thus, having these systems installed can save the employer remarkable amounts of money and helps in boosting the company’s bottom line.
Besides shoplifting, employee theft and fraud is a big nuisance for employers, especially in retail stores. If a report in The New York Times is to be believed, the employee frauds and thefts alone cost nearly $200 billion a year to the economy. For the small establishments, which have slim profit margins, these can act as a nail in the coffin.
When employees know that there are security cameras in place and all their activities are monitored, they are less likely to steal. This helps the retail stores and small or new restaurants to increase their revenue by as much as 7%, which is sometimes a difference between closure and success for them.
The employees also get proactive and sell additional products to the customers, which help in increasing the overall revenue of the establishment. For example, a waiter who knows that he is being watched tries to improve his performance level by suggesting the guests some additional drinks or desserts. This makes him noticed in the eyes of the management and earns him accolades while the restaurant’s revenue increases.
The savings offered by surveillance technology in business are in fact substantial.