Risk Assessment and Security
Risk assessment is a crucial process in maintaining adequate security levels. It entails providing a safe environment where surveillance and security are concerned. Many companies are facing a significant challenge in trying to balance between the security needs and the level of risk associated with security matters.
Every year, the firms have to address potential and actual losses from terrorism, theft, and natural disasters. The situation has pushed savvy security managers to come to terms with the consequences of not being actively involved in addressing such threats. A security manager’s most valued asset is thorough security survey when addressing the potential sources of loss.
Is Demand for Security Guards on the Increase or Decline?
Risk assessment is also an issue at the national level. In Asia, for example, the government is on the forefront in advocating for outcome-based security tenders, as opposed to manpower-based ones. The demand for security guards is likely to increase, as the security sector will be facing a wave of changes to encourage the enticement and training of a better-skilled workforce. The government aims to push for innovation and technology, which will provide the much-needed support for the stakeholders in the Industry Transformation Map (ITM).
According to the Second Minister for Home Affairs and Manpower, Josephine Teo, there is a growing demand for security services is growing by the day. She also noted that there is an existing shortage in human resources, with only 47,000 security guards in Singapore. Paradoxically, employment in the security sector has been growing at almost 5 percent per year for the last five years, but it is still the sector with most job vacancies among rank-and-file workers. If you’re interested in hiring security guards, contact Nationwide Investigations & Security, Inc to hire security guards in Seattle.
Investing in Security Technology
The Singapore government, for the next three years, will inject some $10 million to support innovation and technology in the security industry. It hopes that users will access services and workforce that will best meet their security needs, especially in risk assessment, and also improve skills acquisition in potential security guards.
The fact that jobs are improving in other sectors is an indication that the security industry will also have to deal with stiffer competition in hiring and retaining personnel in future. To boost the government’s efforts, the Centre for Protective Security Studies will also be involved in developing a new diploma, with a particular focus on security consultancy. The main topics to be covered in the course are security technologies and risk assessment procedures.
Expected Outcome
Some changes will be felt in the hiring procedures, for example, instead of a company stating the number of security guards thy require while tendering, they will be required to demonstrate how long they think it will take for a security threat to be tackled, and by how many personnel. This is where proper risk assessment comes in, spelling the difference between companies that hire as a routine process, and those that know their internal and external security needs.
The new tenders to be launched will be outcome-based, according to Mrs. Teo. They will be initiated by the statutory board JTC, which expects that productivity will increase by over 20 percent by the year 2020. If this happens, most governments across the world will adopt the new security contract formats.
If the changes bring successful transformation, the security industry will bring about better value for users, better jobs for security guards in Singapore, and generally better security levels for the whole country.