How Much Does It Cost to Hire a Security Guard?

Did you know that losses of around $50 billion are recorded each year from employee theft alone? This does not even include the external threats to businesses, such as shoplifters or intruders. If you want to safeguard your assets, you need to know the benefits of security. 

Security can cost as much or as little as you want, depending on what you desire from the service. Read on as we discuss why you should hire a security guard and its cost. 

Reasons to Get a Security Guard

For small or large businesses, a security guard is usually an essential step. Their cost is dictated by the type of business you operate and the service you desire. 

If you have a store or physical premises, they can deter thieves and shoplifters. They may even stop your employees from stealing or deter crime at large gatherings. 

They may also be a paid presence at a building or apartment. They could act as escorts to people in the parking lot. Finally, at large events, they can act as crowd control or keep people sticking to venue rules, particularly where alcohol is concerned. 

What Are the Conditions?

The cost of hiring a security guard can fluctuate depending on a number of factors. This will mainly be the conditions they are working under. 

For example, if you are in an area with a higher rate of crime then you can expect prices to be up. If similar facilities in the area have experienced break-ins and damage, then companies will know the inherent dangers and charge more. 

The next factor is determining when you want the guards to work. Most likely, this will be at night, which costs more than during the day. Some people may even opt for 24-hour security, putting prices up even higher. 

Level of Service

The cost will also increase depending on the level of service you require. Cheaper security guard prices will typically involve less experienced hires. They may have little training and will probably be unarmed. 

The higher-end security guard prices will involve experienced, trained guards. They will most likely be armed and have access to sophisticated equipment. 

Independent and Private Firms

When you begin to think about how to hire a security guard, you have two main choices: independent and private firm hires. Both have advantages and disadvantages. 

Independent hires will generally cost less. However, you are responsible for all the background checks, balances, pay, and sick days associated with them. If they leave or phone in ill, you are without security. 

A private firm may cost more, but the firm will deal with these concerns. They will often have strict background checks, can be flexible, and have all the legalities in place should an incident occur. Companies such as the one found at will be happy to discuss this with you.  

Shop Around

When you hire a security guard, remember to be thorough. Even if you hire a private company, its employees will be on your site working alongside you. This makes it important that they fit your business and company ethos.  If our article helped your business, then visit the rest of our blog. Covering topics from marketing to finance, our articles can help your organization grow in the coming year!