Two Major Reasons for Outsourcing Executive Protection
Develop your own or outsource executive protection? The decision is totally yours, but there are solid reasons you should go with the second. Of course, the possibilities are endless, but the most important factor here is the safety, productivity and satisfaction of the principal, as well as the executive protection program’s overall viability.
In any case, these are the two most compelling reasons to outsource their executive protection:
Experts have, well, expertise. Their teams have practical experience in corporate executive protection that can span for decades and decades. Their operating procedures have weathered the test of time and application. They have mastered recruitment and training of agents for success. And they can apply whatever skills they learned from one client, to another.
As opposed to an organization that is developing its own executive protection program from scratch, expert partners that have served a lot of companies can develop standards to guide them in other programs. Their sense of what “best practice” means in the industry, is something they have labored hard for. And they offer this to their clients in a variety of ways, from program creation to implementation to staffing.
Minimal Corporate HR Burden
The second major benefit offered by full or partial executive protection outsourcing is a reduction in the responsibilities of the client’s HR department. Executive protection is rarely, if at all, a core competency of any business, from the smallest to the biggest. To staff as well as manage an executive protection program alone, you need experts in hiring, training, and paying off and on-boarding protection managers and agents, and that’s just the icing on the cake. Corporations usually decline from using headcount or dedicating HR expertise to such a service, which is specialized but non-core.
Of course, when it comes to firms that specialize in executive protection, the situation is totally different. The have a vested interest and are experienced in sourcing candidates with the best potential for sustained success. They recognize the need for developing people who have useful skills, and are experienced in providing an annual training program to improve agent capabilities. And they are fully aware of the importance of spotting talent, as well as encouraging the best to follow a career path guided by growing responsibility and expertise.
On top of that, specialist partners have a pool of prescreened candidates, and if, for any reason, any of them does not work out, a replacement can be secured in a timely and efficient fashion. They even have instant access to a worldwide professional network of closely-vetted vendors, and this gives them the capability to provide complementary services around the globe. Furthermore, with the help of their special partners, they can control their clients’ legal exposure, as well as erase the requirement for special licensing and insurance coverage.