It has long been said that payroll is the most controllable expense a store has. You have control over the wages spent, the hours worked, allowable overtime, and can increase and reduce as needed. Sounds like it makes sense.
I would have to disagree. When companies are reducing their work force to bare bones standards, some retailers are dangerously only having one employee in a store at any given point in time. I think that is just setting someone up to be hurt, or worse.
Instead of cutting payroll, try cutting out your shrink. It is easier than you might think. Using cost efficient cheap tags and cheap labels for your retail security is almost guaranteed to reduce your inventory losses. Anti theft devices are notoriously effective deterrents against theft.
Since most stores do not have any way to financially allow for an inventory loss, that dollar comes right off the bottom line. A significant reduction in shrink can make a huge impact in bringing those bottom line profits back up to par.
Don’t put your store and your employees at risk but reducing your payroll to the point where it is almost nonexistent. Reduce your shrink instead through retail security and anti theft devices.
Visit RBC Security Solutions for Anti-Shoplifting or Anti- theft Devices that can help you with your Retail Security needs like Cheap Labels and Cheap Tags. Our Electronic Article Surveillance or EAS Labels and Tags are not cheap they are inexpensive and made in the U.S.
For more information on how you can use Anti- theft Devices in conjunction with your Electronic Article Surveillance or EAS system to help you prevent retail theft in your business with products like Cheap Labels and Cheap Tags contact us.
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