The Real Cost of Rekeying

The Real Cost of Rekeying

Employee turnover is a real thing. It happens every day. As people leave your company, what are they taking with them? A key, easily overlooked on their keyring, could cost you tens of thousands of dollars per year.

Rekeying Costs Add Up.

According to the Bureau of Labor Statistics, the average expected employee turnover rate can be as high as 39%. For companies with multiple locations to secure, this amount of employee turnover can cause keyholding chaos leading to a rekeying nightmare.

How much does it cost to rekey a lock?

Check out our infographic to see how much rekeying really costs a business with multiple facilities. When employees are terminated or quit, they might not return every copy of a key they made or they might have lost the key entirely. If you aren’t regularly rekeying, then you are setting yourself up for theft due to unauthorized access. Watch this webinar to learn how a tire distributor eliminated rekeying costs that once ballooned to $432K per year.

The longer you continue to use keys for your multi-site company, the longer you sink money into rekeying costs and still risk theft due to unauthorized access. Instead, take a proactive approach. Secure your facilities with a cloud-based solution that allows you to grant and remove access with the click of a button. Check out our new infographic on Lowering Your Rekeying Costs.