A top priority in any business is keeping customers and employees safe and secure. This generally involves restricting access to certain locations of a building, and granting keys to only a handful of trusted individuals. Regardless of whether or not these employees are trusted and responsible, keys will exchange hands many times leading to a decrease in security. If an employee is let go there is also a chance their keys will not be returned, especially if they left on bad terms and the building may need to be re-keyed.
Hourly paid employees in the retail industry alone have a turnover rate of 65%, which is the highest rate reported in 2016. Some think the process of re-keying a building is a low-cost expense and would insist on changing all door locks as a precaution. But with such a high turnover rate this process would have to be repeated MANY times over.
Let’s say a chain clothing store has 1,000 locations across the country and has an estimated 50% turnover rate among employees. This would require re-keying 500 stores per year. Even if the store only had 3 doors, that’s 1,500 total doors to re-key. At today’s estimated cost of $200 per door, that’s $300,000 per year!