Boosting staff productivity has always been a major concern among employers, and modern technology has enabled them to do so through employee monitoring software. According to an analysis from ReportLinker, the global employee monitoring solution market was valued at $724.81 million in 2018 and is expected to witness a growth rate of 7.1% between 2019 to 2027. And this number will probably increase during the pandemic as organizations aim to curb unproductive habits and “time theft” among employees working from home.
Employee tracking has always been a delicate issue with surveillance. However, most companies are unlikely to use any technology if they believe their employees can perform well without it. Although employee tracking doesn’t just focus on improving productivity. Through GPS tracking, security cameras, screen-recording, and keystroke logging software, many companies can utilize employee tracking to increase workplace safety.
Here are some of employee tracking’s most beneficial impacts:
Enhances Internal Security
Internal theft is an unfortunate reality for many businesses, but it’s one that organizations should prepare for. While there could only be a small minority of employees who will actively try to steal from the company, even well-meaning employees may accidentally contribute to losses by making errors. Retail theft has surged to record highs in the past few years. Theft, fraud, shoplifting, and cybercrime led to retail companies losing $62 billion in 2019, which is up from nearly $51 billion in 2018.
Major retailer Walmart, in particular, generates more than $510 billion in revenue, but their internal theft rate translates to around $8 billion in losses. These challenges have driven retailers like Walmart to use artificially intelligent (AI) video systems, burglar alarms, customer-visible CCTV systems, and facial recognition technology to identify thieves. In terms of cybersecurity, employee trackers can also allow employers to safeguard sensitive data against insider threats. Altogether, employee tracking alerts organizations to any suspicious behaviors, so companies can proactively secure their assets.
Ensures Safety Practices are Followed
With the ongoing pandemic, companies need to focus on employee comings and goings to keep physical contact to a minimum. Employee tracking systems allow management to plan schedules accordingly, and to check if employees are following health protocols. But even before the pandemic, tracking has been used in various industries to keep employees safe and healthy.
A Verizon Connect write-up on fleet tracking highlights how tracking was essential to improving driver behavior. GPS tracking solutions allowed them to curb excessive speeding. While telematics features alerted employers if vehicles were due for routine maintenance. Some companies also use biometrics to monitor employee alertness on the road. Which leads to far fewer accidents in the long run. The same principle applies to other high-risk industries. Such as manufacturing where employees work with specialized machinery, and mass transportation where operators are responsible for public welfare.
Minimizes Occupational Risks
Workplaces like warehouses and construction sites can be hazardous. In case of emergencies or serious injuries, GPS tracking can keep track of employee location and headcount — allowing rescue efforts to happen rapidly. Noticeable risks in the mining business even prompted IBM and wearable technology developer Garmin to develop an Internet of Things (IoT) platform, which gathers data from wearable devices worn by employees and other sensors.
By providing real-time information and alerts. Mining organizations can get warnings on high pulses, man-down situations. And other biometric signs that alert employers to send backup. IoT and AI-powered cameras also identify weak spots and hazard zones. So That’s why to warn employees before of time to avoid those areas. In modern industries, risks may arise in unexpected and remote locations, which emphasizes the need for employee tracking technology.
Before implementing any Employee Monitoring Systems, it’s crucial for businesses to approach these changes professionally. In our blog post on ‘When and How to Implement Time Tracking in Your Company?’, we discussed how important it is to communicate the importance of tracking to employees. Rather than monitoring employees to micromanage them, managers and leaders should highlight how employee tracking can improve the business as a whole.
Contact us today to learn more about DeskTrack solutions.