Understand Billing Rates for Security Companies

So you are not going to get off your couch for $15 an hour because the owner is cheap, or your worth more than what you are offered. Look at this chart and see what any security agency owner has to pay out PER BILLABLE HOUR TO MAINTAIN AN EMPLOYEE. If your company bills at $26.35 an hour, when it is all said and done the owner is left $1.08 an hour. Let us assume that the owner has 200 billable hours a week and he works on his business 50 hours a week, while paying his employees $17.00 an hour. This means that the owner is left making $4.32 an hour for each hour he invest in his business. Essentially that is 25% of what the owners same employees make per hour or ONE-FOURTH OF WHAT EACH EMPLOYEE MAKES. This number changes drastically when you factor in marketing, uniforms and other necessities for a security company to operate competitively. Often time, security officer feel they are being ripped off by owners concerning billing rates, and yes there are some that will in fact pay a higher rate and not report taxes. This only hurts you in the end, because you are working for an unethical company and not investing in your FICO and tax returns. 

For purposes of this article the following abbreviations are as follows:

WC=Workers comp

SUTA= State Unemployment Tax

FUTA= Federal Unemployment Tax

FICA- Social Security