SECURITY UPDATE: The Financial Realities Of Providing Guarding Services

s we continue to navigate the security landscape, I would like to take a moment to address the financial realities of providing guarding services. I want to break down the costs associated with delivering high-quality security services.

The cost of guarding services encompasses various components, including Uniforms and equipment, Operational costs, such as fuel, vehicles, and communication devices, and administrative expenses, including payroll, taxes, and benefits. However, the largest component of guarding pricing goes directly towards guards’ salaries. By understanding the true costs of guarding services, you can make informed decisions about your security needs and partner with providers who share your values.

I urge you to look beyond the cheapest option and consider the human cost of guarding services. By choosing security providers that prioritize ethics and fairness, we can create a more equitable industry that values people. Security personnel at times suffer as they work long hours for meager wages below gazette rates at the hands of providers who undercut the pricing.

This modern-day slavery perpetuates a cycle of poverty and compromises service quality. Moreover, these companies frequently disregard statutory obligations, such as paying taxes, providing benefits, and adhering to labor laws. This not only harms employees but also undermines the entire security industry.

Let us work together to raise the bar for guarding services and promote a culture of respect and dignity for all security personnel.
Till the next issue

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