Employers say their profit margin is too low to hire full-time guards
Security Guard Services
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THE majority of security guards hired to look after housing areas are not afforded full-time status because of financial constraints faced by their employers. Security firm licensee Mohd Sudirman (not his real name) said their profit margin was not even 15%.
“Unless they are big companies, most security firms cannot afford to hire full-time staff,” he said, adding that the primary reason was the company is engaged on a contractual basis.
“For example, the residents’ committee of a condominium hires us to provide guards at their premises for two years.
“Under the contract, either party has the right to terminate the contract upon written notice.
“Should we lose our contract and our guards are permanent staff, we will have to continue paying their salaries,” he revealed.
Read More : http://www.thestar.com.my/metro/community/2015/06/09/financial-constraints-the-reason-employers-say-their-profit-margin-is-too-low-to-hire-fulltime-guard/
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