U.S. Confronts Economics of Fear
California Staffing Professionals, January 2002
By Barry Nadell
The terrorist attacks of September 11 have caused many businesses to reassess
their vulnerability to both external and internal threats. Higher security
costs will be required for many to regain their footing in the new economic
climate. According to one expert, tax credits may be the solution to offsetting
the cost of added public safeguards.
The key action to move forward in the present circumstances is TO LOOK. Fear is
overcome by looking — rationally examining potential threats and taking needed
precautions.
Background screening is one way of ‘looking,’ and the volume of
background checks is already way up — a good sign!
New threats require new assessments. For some industries, security has always
been viewed as a necessary expense — airlines check and re-check their flight
crews. Other industries are just reaching this same conclusion. For instance,
high-rise office buildings should be checking the backgrounds not only of their
security personnel, but also their cleaning crews and parking attendants. The
day may even come when we will be checking on hot dog vendors with their carts!
While the
travel and tourism industries are already feeling the loss of public
confidence, many others are likely to feel the pinch as security concerns
become more widespread:
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In addition to government buildings, it has been reported that other office
buildings such as the Sears Tower in Chicago may also have been targeted along
with the assets of major U.S. corporations abroad.
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Investigations into those associated with the terrorists have revealed other
mechanisms to execute attacks including crop dusting planes and tanker trucks.
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While not directly linked to the September 11 events, potential future targets
might include other forms of transportation such as subways, trains or buses;
public gatherings such as sporting events, theatres and theme parks and other
venues such as hotels and hospitals.
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Even in industries which are unlikely as targets, reestablishing consumer
confidence will be a key step to future economic viability. Airport security
workers, limousine and taxi drivers are examples of this.
While many firms are feeling economic pain, some are still reluctant to add the
expense of added safeguards. For these the solution may be some sort of
government subsidy or tax credit to prime the pump. These types of incentives
have already been used to promote the hiring of disadvantaged workers meeting
specific criteria. The time may now have come to apply this principle in the
post-terrorist economy and offset the additional costs of security that many
industries are facing.
One benefit of life in the U.S. is that the infrastructure exists in the
government infrastructure and the Internet to rapidly gather and verify
information on an individual quickly and at reasonable cost. An average
screening runs some $15-25. This capability does not exist in most countries
and we should take full advantage of it.
Barry Nadell is President/CEO and co-founder of
InfoLink Screening Services, Inc., a national provider of background
screening, drug testing programs and products, drug awareness training,
behavioral assessments, employment physicals and online employment
applications. He is an expert in the legal aspects of background screening. For
more information call 1-800-990-4473, or visit
www.infolinkscreening.com.
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