THE EFFECTS OF TRAINING REQUIREMENTS ON THE BUSINESS OF SECURITY AND THE IMPACT OF TRAINING COSTS ARE FIRST DISCUSSED. THE AUTHOR ARGUES THAT TRAINING REGULATIONS SHOULD BENEFIT SECURITY AGENCIES ON A LONG TERM BASIS, SINCE THEY WILL LEAD TO AN UPGRADING OF SECURITY PERSONNEL AND SERVICES. THE AUTHOR THEN CONSIDERS WHAT CAN AND SHOULD BE DONE TO HELP STANDARDIZE SECURITY REQUIREMENTS TO PROMOTE UNIFORM AND EFFECTIVE COVERAGE OF ALL SECURITY EMPLOYEES. FINALLY, THE AUTHOR EXAMINES WAYS IN WHICH THE PRIVATE SECURITY INDUSTRY, IN CONCERT WITH THE PUBLIC SECTOR AND THE ACADEMIC COMMUNITY, MIGHT ESTABLISH AND IMPLEMENT REALISTIC TRAINING STANDARDS AND GOALS. (AUTHOR ABSTRACT MODIFIED)