Why Businesses Need Surveillance Cameras: Combat Employee Theft

Employee theft is one of the most pervasive problems faced by businesses today, and it continues to escalate at an estimated rate of 15 percent per year. This volume presents the first full-length guide to the alternatives available to companies seeking to reduce both the actual theft of tangible property and the profits lost through cheating on time cards and expense accounts.

Employee theft is very common. Some retail industry studies have found that more than one third of all thefts from businesses were by employees.

Theft by employees can only be as successful as operators allow conditions for it to happen. With so many obstacles outside in the marketplace, no one should have to lose to an enemy inside their own store. Thieving employees will have a devastating impact on your business and fellow employees if left unchecked.

Goods stolen by employee’s account for over 41% of inventory shrinkage, while only 35% was attributed to shoplifting (Mullen 1). A reason for this is because companies started to direct their attention to and have successfully reduced shoplifting. Employee theft is a hot potato right now. If the actress Winona Ryder dominated the headlines in 2002 during her shoplifting trial, we’ve had more than a decade of headlines on white collar crime and employee theft, from Enron to Martha Stewart.

Internal investigations of this nature are often difficult to handle. Employing the services of an outside firm that specializes in Forensic Accounting is the only way to guarantee a swift and thorough resolution to a very difficult problem. Internal theft, the most prevalent problem facing businesses today, is taking an all-time toll financially and emotionally. Department of Commerce estimates that employee theft costs employers approximately one billion a week.

Employee’s who steal from their employer is more prominent than most business owners realize. The average business loses approximately 6% of revenue to fraud each year, and typically employees are to blame. Employee theft is one of the serious threats that a restaurant owner has to accept. Each year, there is an estimate of over $52 billion loss because of this reason. Employee theft is often cited as the most common type of theft within small businesses.

Retail employees admit to steal an average of $168 a year. They estimate the average co-worker steals $1000 a year. Retail employee thieves were most unhappy with the inadequate tasks and challenges of their work and the fact that their employers seemed not to care about them. In the hospital, employees who took property were most unhappy about their employer’s lack of caring, in addition to poor treatment by immediate supervisors and limited job responsibility. Retail store employees have a constant opportunity to steal cash or merchandise and all they need is the desire and sufficient motivation to do so. What keeps most employees honest is moral character, loyalty, respect for the law and their employer, and the desire to be viewed as trustworthy.

IF YOUR FIND THIS ARTICLE USEFUL, PLEASE
SHARE IT SO OTHERS CAN BE INFORMED

Business owners must be aware of these facts in order to detect employee theft. It is a common fact that most employers do not suspect their employees of theft. Business owners like to think that their employees are honest and care about the business almost as much as the owners do. Theft and dishonesty is only a problem for big business. Business owners who make frequent bank deposits substantially reduce their risk. If you handle a lot of cash, make deposits twice a day.

Employees can steal easily in many ways, with some examples being: not giving the customer a receipt and the correct change, giving back fictitious refunds, and pretending to ring up merchandise for friends. Prevention is key, but if you own a business and suspect that an employee is stealing from you, call the police. Employees steal for many reasons, and most explain it by rationalizing their actions, blaming the company for poor oversight or for providing easy opportunities to steal. Many blame management for setting a poor example.

Employees define what is right and wrong regarding their behavior, and they can rationalize stealing from their employer in their own minds. Thieves normally view themselves as average people in a dishonest world where everyone is just trying to get ahead or to maintain what they have. Employees responsible for accounting, bookkeeping and other financial functions should expect to be subject to a different, sometimes higher, level of oversight than their colleagues in other departments. They should welcome the additional scrutiny of your internal financial controls. Employees have to know and see that both doors are being taped with time and date.

Trusted, largely unsupervised employees can cook up elaborate schemes to steal and dispose of large quantities of equipment and merchandise for their own gain. Such crimes are easy to commit because the employees usually have company trucks at their disposal. Trust means something totally different because you have no choice but to empower your line-level employees with access to all of the financial tools necessary for your hotels to operate profitably. You therefore put a much higher premium on trust.

Secure company valuables such as portable phones and laptop computers. Removing “impulse” stealing situations can go a long way toward protecting you and your company. Security personnel don’t have to monitor tapes of endless video footage anymore, since the system can automatically recognize a crime, issue an alert and create a video catalog of it. It’s possible to track every single object as it moves through a building and be aware of who moved what and where using sophisticated surveillance cameras.

WiLife Indoor Video Surveillance Kit w/Free Remote Viewing One of the best and easiest set of 4 or six surveillance cameras is the WiLife Indoor Video Surveillance Kit w/Free Remote Viewing which you just Plug-in in minutes no wires needed! Your PC instantly becomes a command center with live monitoring, motion-based recording, Internet remote viewing and security alerts. At this link is an actual employee stealing money from her employer.

Here are just a few of the outstanding features of these surveillance cameras.

  • High-quality, color video (VGA or QVGA)
  • 400 MHz onboard processor 
  • Digital motion detection
  • Secure video transmission
  • Slim design
  • Better than wireless — just plug them in
  • Monitor 4 cameras simultaneously
  • Motion-based video recording
  • Powerful search and playback tools
  • Email and cell phone alerts
  • FREE Remote Internet ViewingYou can have to six connected to 1 system and if you need a hidden cameras to closely watch the cast registers, you can substitute one or more for a Hidden Camera if you like.
  • New Products
    SecureGuard 1080P Elite WiFi Panoramic 360 Degree  Smoke Detector Spy CameraSecureGuard XCAM HD WiFi Carbon Monoxide Alarm Spy CameraHigh Definition HD Motion Activated w/Invisible IR Night Vision Hidden Spy Camera
    SecureGuard 4K HD 13 Inch Wall Clock WiFi Spy CameraLawmate Do-It-Yourself Covert CameraSecureGuard Battery Outdoor Electrical Box Spy Camera
    Complete Audio Surveillance KitPersonal Wirless Spy Jammer
    Miniature Voice RecorderSecureGuard XCAM HD WiFi Spy Camera
    LawMate i4K Ultra HD Key Fob w/WiFi4G LTE All-in-One Battery Powered Commercial Grade Smoke Detector Spy Camera/DVR
    SecureGuard XCAM HD WiFi WiFi Tissue Box New Spy CameraSecureGuard Battery Powered Water Bottle Spy Camera
    Top Featured Products
    Motion Detector Alarm Color Hidden Camera With Built-In DVRMotion Detector Alarm Color Hidden Camera With Built-In DVR - Mini Alarm DVR with PIR Detection & Motion Detection The PIR MOTION DETECTOR HIDDEN CAMERA with built-in DVR is the best on the market. It doesn't just look... Motion Detector Alarm Color Hidden Camera With Built-In DVR
    SecureShot 1080p High-Def Electrical Box Hidden Camera/DVR w/NightVisionSecureShot 1080p High-Def Electrical Box Hidden Camera/DVR w/NightVision - This ultimate electrical box SecureShot DVR offers features others only imagine. Our 940nm invisible IR illuminator array records in total darkness... SecureShot 1080p High-Def Electrical Box Hidden Camera/DVR w/NightVision
    USB Camstick Spy Camera w/Night VisionUSB Camstick Spy Camera w/Night Vision - The CamstickNV looks and functions like an ordinary flash drive. Yet this storage device conceals a DVR capable of recording both audio and quality color video.Motion activation mod... USB Camstick Spy Camera w/Night Vision
    SecureShot First Alert Smoke Detector Camera/DVR w/NightVision & 1 Year BatterySecureShot First Alert Smoke Detector Camera/DVR w/NightVision & 1 Year Battery - Our SecureShot Full High Definition 1080P Smoke Detector w/ 1 Year Standby Battery Camera/DVR is MADE IN USA. It features Amazing 1080P Full... SecureShot First Alert Smoke Detector Camera/DVR w/NightVision & 1 Year Battery
    Cross Hidden Spy Camera w/Built in DVR Cross Hidden Spy Camera w/Built in DVR - The Cross Hidden Spy Camera with built in DVR is a tiny spy camera hidden inside a mini wearable cross. Cross Hidden Spy Camera w/Built in DVR
    Bush Baby Wifi OutletBush Baby Wifi Outlet - This functional 6 plug wall outlet can support up to six devices and even comes with two functional USB ports and comes in Black or White color. With this built in hidden camera you can keep track ... Bush Baby Wifi Outlet
    Mini Phone Charger Spy Camera/DVRMini Phone Charger Spy Camera/DVR - Functional phone charger. Our NEW Mini Charger Spy Camera/DVR is a small but powerful device. It offers Hi-Definition 1080p recording resolution hidden discreetly inside a functional ... Mini Phone Charger Spy Camera/DVR
    Bush Baby Stealth Hi-Def Outlet Spy Camera/DVR - FREE 16GB Micro SD CardBush Baby Stealth Hi-Def Outlet Spy Camera/DVR - FREE 16GB Micro SD Card - This wall adapter is perfect for just about any location. Its built-in camera on the front is positioned so that this ordinary looking object can b... Bush Baby Stealth Hi-Def Outlet Spy Camera/DVR - FREE 16GB Micro SD Card
    Secureguard 4K Ultra HD WiFi Battery Powered Fire Alarm Strobe Spy CameraSecureguard 4K Ultra HD WiFi Battery Powered Fire Alarm Strobe Spy Camera - - 4K Resolution Battery Powered Spy Camera This Fire Strobe is WiFi enabled with a 4K Spy camera inside.You can remotely view and control the cam... Secureguard 4K Ultra HD WiFi Battery Powered Fire Alarm Strobe Spy Camera
    Secureguard 4K Ultra HD WiFi iPhone Dock Radio Spy CameraSecureguard 4K Ultra HD WiFi iPhone Dock Radio Spy Camera - Our Secureguard 4K Resolution WiFi Spy Camera is an iPhone Dock Radio with WiFi enabled with a 4K Spy camera inside.You can remotely view and control the camera ... Secureguard 4K Ultra HD WiFi iPhone Dock Radio Spy Camera
    Bush Baby 4K WiFi Two Camera Smoke Detector Spy Camera/DVRBush Baby 4K WiFi Two Camera Smoke Detector Spy Camera/DVR - ON SALE: $30 OFF!Are you looking for a smoke detector that covers all angles of the room? Then look no further. The Bush Baby 4K WiFi Two Camera Smoke Detector S... Bush Baby 4K WiFi Two Camera Smoke Detector Spy Camera/DVR
    Bush Baby 4K WiFi Dog Spy Camera/DVRBush Baby 4K WiFi Dog Spy Camera/DVR - The Bush Baby 4K Wi-Fi Dog is the perfect device to protect your young ones. Whether you are making sure your child is staying out of trouble or keeping an eye on the babysitter no o... Bush Baby 4K WiFi Dog Spy Camera/DVR

    Subscribe To Our Mailing List For New Product Information & Product Sale Discounts!

    We respect your email privacy

    Be assured that your shopping experience is completely safe. The order site is secured using a Thawte SSL Web Server Certificate which encrypts all data to and from the site. However, if you prefer to pay with check or money order, just choose the off-line option when you check out.

    Leave a Reply