Industry Analysis & Industry Trends
The industry will experience continual growth over the next five years, in light of strong demand for private facilities and services. Constrained government budgets will cause these entities to transfer inmates to cost-effective private facilities. Due to a marginal increase in incarceration rates, the industry will continue expanding. However, the industry will experience high labor turnover rates due to the high stress and risk of physical injury associated with many of these jobs... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the 1980s and most of the 1990s, the industry benefited from rapidly growing acceptance of outsourcing of governmental facilities operation and management. Yet a degree of public resistance to privatization of correctional and detention facilities remains. Some governmental agencies are limited on their ability to delegate traditional management responsibilities to correctional and detention facilities to private companies. In addition, the movement toward privatization of correctional and detention facilities regularly encounters resistance from groups that argue that correctional facilities should be operated by governmental agencies.
Nevertheless, the government is increasingly outsourcing facilities support services to privatized correctional facilities providers... purchase to read more