So you have started your very own business and in order to keep it up and running without the fear of security threats, you must hire a protective company. Now the main dilemma when it comes to hiring protective companies is whether to opt for private security companies or whether to build an in house security team. If your business is relatively new and you don’t have enough capital to start your own in house security department for your company, here are some pros and cons of hiring private security companies.
Cost Effectiveness of Hiring Private Security Companies
One of the biggest advantages you can get from hiring a protective company is that you can save a hefty amount of money. You won’t have to place ads in the newspaper for security guards so no advertising fee has to be paid. You won’t have to hire training professionals to train the security guards you hire because they will already have adequate training and special skills taught to them by their agency. Administration costs associated with retaining the protective guards will be zero because that will already be handled by the private security agency.
So basically, you won’t have to worry about administrative costs, hiring and training costs and advertisement costs. You will be amazed by the amount you will have saved in just one year of hiring a private security company rather than building a security team of your own.
Flexibility by Hiring Private Security Officers on Contract Basis
Another golden advantage you get by hiring officers from reputed security agencies is flexibility. You can increase or decrease the number of security officials on duty as you please. You can choose to terminate a security guard without the need of a policy write up or employee union issues. This is another advantage you get when you hire security guards on contractual basis from security agencies. If you don’t like the quality of service being provided to you by the agency, you can simply opt out of the contract without making any additional payments or fines.
Lack of Commitment Can Become an Issue
A major downside to hiring guards is that they lack commitment towards your business. Private security guards hired on contract basis tend to have a carefree attitude towards serving a third party employer. This is because they don’t get to enjoy the same benefits that career employees due which cause a feeling of resentment towards the employer.
High Employee Turnover Rate
Another problem you might face when hiring an agency is the high turnover rate of employees. Most contractual officers leave their jobs to become career employees. This happens due to the low salary packages that are offered to them by security agencies. There are no promotions given so basically, it is a dead end job with little or no improvement.