1. List six advantages of using career personnel in the Security Department. Contrast these with six disadvantages.
2. Explain the meaning behind the statement, “An appropriate balance or blend of career and non-career personnel is recommended.”
3. Briefly outline the steps in the “top-down and bottom-up” approach to budgeting.
4. Give a brief example of each of the following: a capital expense, a salary expense, a sundry expense.
5. Discuss the best approach to setting up a salary expense budget. How should overtime expense be handled?
6. Give four examples of sundry accounts that might be set up for a Security Department and justify why they would not fall under a line item category.
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6. Give four examples of sundry accounts that might be set up for a Security Department and justify why they would not fall under a line item category.
ReplyDeleteIn order to best divide which accounts would fall under the "sundry accounts" category, it would be best to define what this actually means. According to the text, "all ongoing nonsalary expenses are considered sundry expenses."
Using this definition, accounts such as uniforms, vehicle maintenance, insurance, organizational membership fees, and publication subscriptions would all fall under this heading of sundry accounts. The reasoning behind this is as follows:
Uniforms; (assuming employees are required to wear uniforms) all employees are required to be clothed in uniforms at all times, as such, their uniforms must be in top shape, free of stains, tears, holes, and in functional capacity at all times. As such, they must be either constantly, and consistently maintained, or replaced; depending on the amount of wear, and what sort of wear it is.
Vehicle maintenance; (assuming usage of vehicles) all vehicles must be in running order, with all typical maintenance kept up with (oil changes, filter changes, tires properly pressurized, tread wear monitored and actioned upon if necessary, etc.) in addition to any specialized maintenance (emergency lights, radios, and any other specifically equipped aspects of the vehicles).
Insurance; Insurance, especially on vehicles is a must as it reduces the amount of liability that the organization would be responsible for paying out due to damages, accidents, or other incidents. this ought to include auto insurance, and also personnel insurance.
Organization membership fees; This would be necessary if the members of the security department were part of any security related organization, or certified through any organization for security, or security related, certifications. this could include POST, EMT, ASIS, etc.
Publication subscriptions; This is necessary so that the department is able to remain abreast of changes in the industry in addition to finding new, better, or more efficient ways to perform the security duties for their own organization.
All of these expenses are ongoing, every year, and would typically cost about the same, barring extraneous circumstances. As such, they would fall under the heading of sundry expenses.
2. Explain the meaning behind the statement, “An appropriate balance or blend of career and non-career personnel is recommended.”
ReplyDelete-If there are too many career personnel, salaries and benefits will become far too expensive. On the other hand, if there are too many non-career personnel, labor costs will go down but reliability and investment in the company may decrease, and there may be too much of a turnover rate.
This is a very good point, Justin. Just to point out another advantage of career personnel; they are far more willing to work extra, or do those jobs that nobody really wants to do because it is for the good of the company.
DeleteAlso with a good blend you can easily formulate schedules as a supervisor. with career employees being the typical 9-5 hours and part time/contractors usually will take the more unusual hours.
DeleteTate is a good point Caleb, but what happens if the career personnel is at the top of the ladder and have topped out? They have probably become stagnant in there duties and wont do more them what is required.
Delete4. Give a brief example of each of the following: a capital expense, a salary expense, a sundry expense.
ReplyDeleteOne example of a capital expense is a physical improvement, physical additions, or major expenditures for hardware, like if security were the company an x ray machine would be an example. salary expenses are just the pay you give to employees and the sundry expenses are supplies like uniforms or travel.
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DeleteIf a security company was out dated and wanted to update themselves, I would say that they'll spend a lot of money on capital expenses because hardware is very expansive. A security company would probably rarely spend a lot of money on sundry expenses because majority of companies take the cost of uniforms out of paychecks. Salary expenses is what I would suspect a company spending the most money on.
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DeleteDiscuss the best approach to setting up a salary expense budget. How should overtime expense be handled?
ReplyDeleteDepending on the location of my security service, I would pay managers $12 an hour employees $10 and hour and $.50 for every hour spent overtime. I wouldn't pay my employees minimum wage because the job of an security officer is tough and dangerous. I also believe that $.50 for every hour spent overtime is fare. My workers deserve the work that they are putting in and the money.
I like your set up of Salary expense, but we would also need to think about what hours are your employees working. This would be a big part of the salary budget because the more hours and more days they work would cost more money. More money means more money needed for the salary budget.
DeleteI would like to point out that for your overtime pay nobody would want to do overtime. I work security and our overtime wage is time and a half or double at times. And that goes for a lot of security org. around here.
Delete4. Give a brief example of each of the following: a capital expense, a salary expense, a sundry expense.
ReplyDeleteA capital expense is capital expenditures are for physical improvements, physical additions, or major expenditures for hardware.
A salary expense is to count up the security employees by classification.
A sundry expense is the distinctive identity of that account; for example, a “travel expense” account.
4. Give a brief example of each of the following: a capital expense, a salary expense, a sundry expense. A capital expense is capital expenditures are for physical improvements, physical additions, or major expenditures for hardware. A salary expense is to count up the security employees by classification. A sundry expense is the distinctive identity of that account; for example, a “travel expense” account.
ReplyDeleteList six advantages of using career personnel in the Security Department. Contrast these with six disadvantages.
ReplyDeleteAdvantages
-Companies with proprietary security programs tend to attract people seeking career positions and career opportunities
-Caareer personnel develop loyalty to the department as well as to the company
-Career personnel tend to know the ins and outs of the company
-career personnel are more ambitious and motivated to work
-there is more stability in terms of turnover in an organization
Disadvantages
-career personnel are far more expensive than non career people
-career personnel require fixed resources
-lack of schedule flexibility
-certain disciplinary restrictions can be departmentally counterproductive
-career staff resources hace limited parameters and departmental capabilities are restricted as a result.
-career personnel get to where they can move up the ladder any farther and they top out