Security providers offer a variety of contract lengths for their services. Most security providers will offer a 90-day minimum contract term, with some offering one-year contracts. You should find out what type of contract you will be expected to sign before you begin any job search. This article will discuss the various contract lengths that you might encounter and how each one will impact the way you execute your security provider searches.
Short-term contracts are very popular with security providers because they want to make sure that they receive their investment back quickly. The best option for short-term contracts is the 30-day minimum term. This gives you plenty of time to find a job, but not so much time to waste by being stuck in a contract you cannot get out of. For example, if you are in a short-term contract and do not like the job you are doing, then you can request a change without penalty within 30 days. However, after 30 days, you will have to pay a penalty.
For those who need a little more time to find a new job, mid-term contracts are a great choice. These contracts typically range from 90 to 120 days, with a minimum term of 90 days. This gives you enough time to settle into a new location and find a new job, but not so much time to be bored or frustrated by the contract search. Mid-term contracts offer similar flexibility benefits as short-term contracts, but with an added bonus of increased security.
Those who need more time than mid-term contracts offer should consider a long-term contract. Long-term contracts are much like mid-term contracts, except that they have a minimum term of 12 months. Just like mid-term contracts, long-term contracts give you enough time to find a new job, but not so much time to be bored or frustrated by the contract search. Unfortunately, long-term contracts have one major drawback: increased cost. Another major drawback is that most long-term contracts prohibit you from working for other security providers during the term of the contract. This means that if you are in the middle of a long-term contract and need to switch jobs, you could be required to complete the full term of the contract, or part of it, before you are free to work for another security provider.
The key question to ask yourself is, “Do I want to be locked into a long-term contract?” If your answer is no, then short-term or mid-term contracts are a better choice. If your answer is yes, then long-term contracts are the way to go. Just know what you are getting into and make sure that the terms are acceptable to you.