In arming illegal guards for cheaper security, an insidious price
Security Guard Services
Systems & Services, security guards
KUALA LUMPUR, Nov 11 — Many neighbourhoods, businesses and even banks hire illegal and sometimes armed security guards as they cost less than legitimate ones in a cutthroat private security industry, but recent cases of such guards turning rogue reveal what may be the true cost of the decision.
Because of the RM900 minimum wage policy gazetted last year, security guards must be paid at least RM2,200 monthly with overtime, EPF and Socso contributions, forcing security firms to charge clients at least RM3,000 to earn a gross profit of RM800, according to the Security Services Association of Malaysia (SSAM).
But between 30 and 40 security firms, out of the 751 licensed companies, undercut their competition by hiring foreigners at RM1,200 a month and by charging clients about RM2,200 ― RM800 less than their counterparts who follow the minimum wage policy.
“They want to make a quick profit,” SSAM president Datuk Shaheen Mirza Habib told The Malay Mail Online in a recent interview.
- See more at: http://www.themalaymailonline.com/malaysia/article/in-arming-illegal-guards-for-cheaper-security-an-insidious-price
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