FAQs

Terms & Glossary
TABLE OF CONTENTS FICA FICA = 6.2 FUI FUTA = 6.0% SUI Sales tax Cost of Risk Markup Hourly Wage / Annual Salary Total Hours/Week Training Wage ...
Wed, 2 Jul, 2025 at 1:03 AM
What is sick time hours?
Sick Time Hours Sick Time Hours = 24 Sick time hours are the paid hours a security guard can take off when they are sick or need medical ...
Tue, 1 Jul, 2025 at 12:30 AM
What is Training Hours?
Training Wage Training Hours = 16 Training hours are the total number of paid hours security officers spend learning the skills needed fo...
Tue, 1 Jul, 2025 at 12:30 AM
What is Hourly Wage / Annual Salary?
Hourly Wage / Annual Salary For Unarmed Security Officers = 18 For Armed Security Officers = 21 Hourly wage is the amount you pay securit...
Tue, 1 Jul, 2025 at 12:29 AM
What is Estimated Turnover %?
Estimated Turnover Estimated Turnover = 75 Estimated turnover is the percentage of security guards who leave your company in a year. This...
Tue, 1 Jul, 2025 at 12:21 AM
What is Built-In OverTime Hours?
Built-in Overtime Hours Built-In Overtime Hours = 8 Built-in overtime hours refer to extra hours beyond 40 hours per week that security g...
Tue, 1 Jul, 2025 at 12:20 AM
What is Training Wage?
Training Wage Training Hours = 16 Training hours are the total number of paid hours security officers spend learning the skills needed fo...
Tue, 1 Jul, 2025 at 12:19 AM
What is Total Hours?
Total Hours/Week Total hours = 168 (for 24/7 service) Total hours is the number of hours security officers work per week to cover the con...
Tue, 1 Jul, 2025 at 12:18 AM
What is Cost of Risk?
Cost of Risk Workers Comp = 1 General Liability = 0.5 Cost of Risk is the amount of insurance that you are paying for each dollar that yo...
Tue, 1 Jul, 2025 at 12:16 AM
What is Sales Tax?
Sales tax Sales tax is a consumption tax imposed by state and local governments on the sale of goods and services. It’s calculated as a ...
Tue, 1 Jul, 2025 at 12:15 AM