The effective management of security is essential for all aspects of the operation of a company. Private security companies provide contract employees to companies for a fixed fee. There are advantages and disadvantages of hiring an outside company to carry out security operations. Cost and flexibility are advantages that companies appreciate. On the other hand there is the risk of the disadvantages that can result from not hiring career employees. Any company needs to fully assess the risks and benefits before signing a private security contract.
Cost savings is an advantage of hiring private security. Companies save advertising costs to recruit, hire and train their own security personnel. Administrative expenses associated with the retention of an employee are also eliminated. Payroll costs, time control and more human resources personnel are not necessary. Additional savings are obtained because contractual employees are not offered all kinds of medical benefits or retirement packages. Cost savings can add up to a significant amount over a year.
The flexibility of hiring contractual security employees is adequate for most companies of any size. The amount of personnel can be increased or decreased as the needs of a business change. A company may choose to terminate the contract of a hired worker without problematic policies or union problems. A company can also terminate the contract of the security company if the performance is poor. Some businesses require specialized knowledge for their safety. The expertise or experience is provided and confirmed by the security company.
Disadvantages: Lack of commitment
A major disadvantage of hiring a private security company is the lack of commitment to your business. Contractual employees tend to have less loyalty to a third-party company. Because they usually pay less than security career employees, they have a lower level of motivation to meet the standards of third-party businesses. Resentment may occur because the same benefits are not offered to career employees, even though they work in the same establishment.
Disadvantages: High rotation
High turnover is a disadvantage that can affect overall performance. Highly qualified security personnel tend to abandon contractual employment for professional employment. This is the result of the lower salaries offered to contractual employees. There is also little or no space for promotion within the security industry. Companies are left without the highest level service.