An increasingly substantial portion of the workforce is temporary workers. According to Accounting Today and Forbes, roughly 15 million people work for companies as temps, contract workers, consultants, freelancers, seasonal workers and interns. While the last recession initially flooded the ranks of temporary workers, their inherent flexibility keeps them in the forefront of staffing solutions. Here are five reasons to hire temporary employees.
When you hire an employee, you have expenses that extend beyond hourly rate. Hiring an independent contract worker allows you to save money in areas like office space, equipment needed to perform the task, workers’ compensation insurance, unemployment insurance, Social Security and Medicare, and other benefits such as health insurance and paid time off. You will also save costs in HR, where weeding through resumes and interviewing individuals can be an enormous financial undertaking. It’s also important to remember when you hire an independent contractor, you only pay them a set rate. Some work on an hourly basis, while others are paid per project.
Gives your business a creative and economic edge.
You may not have thought of this but working with temporary hires is one of the best alternatives to grow your business. Instead of having to provide full-time employment for every skill set you’d like on your team, you can accomplish this work with temporary employees. This gives you access to everything from high-level network administration to top-tier marketing. You can use temp workers to compete with companies larger than yours as well. Temp hires will also enable your company to respond to unexpected surges in work—especially during peak financial seasons. When the work subsides or slows for the season, temporary workers can be on call until they’re needed again.
Gain access to much needed skill sets.
When hiring a temp worker, you’re selecting from a wide array of specialists. Because these individuals are already trained in their respective fields, most times training will not need to be provided by your company—which in turn saves you money. If they’re experienced, they should require minimal direction to satisfy your unique company requirements. Many companies today are hiring computer specialists, creative people and even senior executives on a temporary basis to fill short-term needs and skill sets that are commodities and necessary in any accounting industry.
When the work environment is in flux.
Bringing in temps helps your business adjust easily and quickly to work and atmosphere fluctuations. Temporary workers can quickly fill a void for issues such as unexpected termination, illness, maternity/paternity leave, disability or even an uptick in contracts or new accounts.
PrideStaff Financial has consistently earned Inavero's Best of Staffing Diamond Award for exceptional client satisfaction. Our highly skilled staffing consultants can assist you with your hiring needs. Contact us today to learn more.