Security Guard Services

Categories: Taxation

Essay, Pages 8 (1788 words)

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As a trainee of Personnel Development Management we wonder on how the security firms release the workers. We've seen lots of security personnel, nearly all private firms have their security workers and we are conscious that each collected it from various agencies. The methods on how they hire workers that they are releasing. A security firm is an organization which carry out intelligence activities for the global or local security of the country, state or company. They are the domestic cousins of the foreign intelligence company.

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NAME OF THE PROPOSED SERVICE

The supporters chose to name the service Security Net Company; this was really inspired by our group in the class which is SN or Dish Net. We came up of Security Web Company for we are using Security Providers. We also utilize the word Web, due to the fact that nowadays when you hear the word "net" the first thing that is available in our mind is "social networks or Internet"

HISTORY OF THE JOB

From the minute our ancestors determined there was a difference in between 'mine' and 'ours' there became a need for personal security.

Since its modest origins in Ancient Egypt on through to the current occasions of our post 9/11 world mankind continues to require the markets of private security.

From the very start of Human history the problem of security has constantly been a top concern. As human kind started to grow and become more industrial and to end up being more militaristic more and more societies began to employ the services of Security personnel services.

This is something that was different from the basic armies at that time, due to the fact that soldiers came a dime a dozen at that time. The problem of personal security was more of a closer problem as Kings and members of high society required a safeguard from enemies foreign and domestic.

When these Kings and members of high society bought property and formed commercial corporations, these corporations and these entities needed to be safeguarded on a more consistent basis and after that we can see how the earliest types of Guard existed in society even as far back and the early Greek and Egyptian societies. Naturally Persian Roman and Asian Societies followed fit and used Security Guard services in their societies too.

Based on Philippines 2013 Crime and Safety Report, the Overall Crime and Safety Situation which is crime is a significant concern in urban areas of the Philippines. Typical criminal acts include pick-pocketing, confidence schemes, acquaintance scams, and, in some cases, credit card fraud. Carjacking, kidnappings, robberies, and violent assaults sporadically occur. According to the Philippine National Police Directorate for Investigation and Detective Management, the Total Crime Volume (TCV) in 2012 was 217,812 as compared to 2011 with 241,988 – a decrease of 24,176. Of the total 217,812 crime incidents, the National Capital Regional Police Office (NCRPO) registered the highest with 56,978 followed by Regions 3 (Bulacan, Bataan, Pampanga, Nueva Ecija, Zambales, Tarlac, Aurora) and 7 (Cebu, Bohol, Negros Oriental, Siquijor) with 22,498 and 20,466 reported incidents respectively. Theft (43,606 incidents), physical assault (34,825 incidents), and robbery (26,988 incidents) are the top three commonly committed crimes according to the TCV.

CONTEXTUAL ENVIRONMENT OF THE PROJECT

The proponents decided to establish the business at Panay Ave. Quezon City, Philippines, known as one of the commercial district in Metro Manila. The place is also accessible to our clients and it is surrounded by different business establishment that serves as our clients.

NEEDS GIVING RISE TO THE PROJECT

PROJECT RATIONALE

The increasing rate of unemployment rate is one of the factors that we consider in building up this business. According to the latest survey in the internet, the unemployment rate in Philippines was last reported at 7.0% in July of 2012. Historically, from 1995 until 2012, Philippines Unemployment Rate averaged 9.0% reaching an all time high of 13.9% in April of 2002 and a record low of 6.3% in October of 2007. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. According to Philippine National Police the crime rate in Metro Manila increased 63.8% in the first half of 2012, compared to the same period last year. Last year’s January-June incidents of 18,671 rose to 29,231 this year. These things pursue as to create this type of business. Considering this issue leads us to establish this kind of business to provide good quality security service.

We believe that this business will give opportunity to those who graduated in high school that are unemployed as long as they are qualified to be part of our agency. This will surely decrease the unemployment rate and the crime rate in Metro Manila.

PROJECT MISSION AND VISION

MISSION

Security Net Agency (SNA) mission is to protect life and property of the customer in order to achieve a satisfying feedback with customer we dedicate ourselves in providing personalize, quality monitoring. Our concerns are the public people either residential commercial provides satisfying solution to everyone protection.

VISION

Security Net Agency (SNA) vision is to be the top leading security agency in the Philippines. Our performance will be guided by a clear and concise strategic management statement for each business unit. Attaining our vision requires superior and continual improving performance in every level of the agency. We will learn our customer enthusiasm through continuous improvement driven by the integrity, teamwork and innovation SN’s people. Promotes and nurtures service excellence. Our goal is to provide a service that addresses the security needs of our customers and these goal have been demonstrated by our dedicated performance.

SCOPE AND LIMITATION

The proposed study will determine the various challenges of the Human Resource Management practice in employing and deploying their employees. We are intended to choose the best Security Agency where we are committed to get our securities to be deployed.

MANAGEMENT ASPECT

This chapter discusses the different aspect of the proposed project which includes the type of business organization, organizational chart and function of each management personnel their duties and responsibilities, qualifications, compensation and fringe benefit. It also discusses the organization policy for both talent and employee of the company and recruitment process. Lastly, it answers how the project shall be manage by pointing out the firms or person involved or to be involved in studying the different aspect of the project.

OBJECTIVES

To understand the flow of the organization in this type of business. To show the process on how to compute the basic salaries, deductions and the incentives of the employees.

TYPE OF BUSINESS

Partnership

A partnership is the relationship existing between two or more persons who join to carry on trade or business.
Each person contributes money, property, labor or skills and expects to share in the profits and losses of the business.
Each partner includes his or her share of the partnership’s income or loss on his or her tax return.

Advantages of Partnership

Partnerships are relatively easy to establish.
With more than one owner, the ability to raise funds may be increased, both because two or more partners may be able to contribute more funds and because their borrowing capacity may be greater.
Prospective employees may be attracted to the business if given the incentive to become a partner.
A partnership may benefit from the combination of complementary skills of two or more people. There is a wider pool of knowledge, skills and contacts.

Flexibility – A partnership is generally easier to form, manage and run. They are less strictly regulated than companies, in terms of the laws governing the formation and because the partners have the only say in the way the business is run (without interference by shareholders) they are far more flexible in terms of management, as long as all the partners can agree.

Shared Responsibility – Partners can share the responsibility of the running of the business. This will allow them to make the most of their abilities. Rather than splitting the management and taking an equal share of each business task, they might well split the work according to their skills.

Decision Making – Partners share the decision making and can help each other out when they need to. More partners mean more brains that can be picked for business ideas and for the solving of problems that the business encounters.

Disadvantages of Partnership

Profits must be shared with others. You have to decide on how you value each other’s time and skills. What happens if one partner can put in less time due to personal circumstances?
Since decisions are shared, disagreements can occur. A partnership is for the long term, and expectations and situations can change, which can lead to dramatic and traumatic split ups.

Disagreements – Obviously people are likely to have different ideas on how the business should be run, who should be doing what and what the best interests of the business are. This can lead to disagreements and disputes which might not only harm the business, but also the relationship of those involved.

Agreement – Because the partnership is jointly run, it is necessary that all the partners agree with things that are being done. This means that in some circumstances there are fewer freedoms with regards to the management of the business. Especially compared to sole traders

Liability – Ordinary Partnerships are subject to unlimited liability, which means that each of the partners shares the liability and financial risks of the business. This can be countered by the formation of a limited liability partnership, which benefits from the advantages of limited liability granted
to limited companies, while still taking advantage of the flexibility of the partnership model.

Taxation – One of the major disadvantages of partnership, taxation laws mean that partners must pay tax in the same way as sole traders, each submitting a Self Assessment tax return each year. They are also required to register as self employed with HM Revenue & Customs. The current laws mean that if the partnership (and the partners) bring in more than a certain level, then they are subject to greater levels of personal taxation than they would be in a limited company. This means that in most cases setting up a limited company would be more beneficial as the taxation laws are more favourable

Profit Sharing – Partners share the profits equally. This can lead to inconsistency where one or more partners aren’t putting a fair share of effort into the running or management of the business, but still reaping the rewards.

Capital – Due to the nature of the business, the partners will fund the business with start up capital. This means that the more partners there are, the more money they can put into the business, which will allow better flexibility and more potential for growth. It also means more potential profit, which will be equally shared between the partners.