Today, companies are increasingly focused on workforce agility. Economic conditions are shifting with surprising speed, and customer demand fluctuations are commonplace. As a result, traditional permanent hiring isn’t always the best choice, particularly for employers concerned about personnel-related costs.
By unlocking the power of temporary workers, companies can remain agile by continuously right-sizing their workforce. Here’s a closer look at how temporary employees can benefit your business.
Workforce Agility
The most significant benefit of hiring temporary workers is the arrangement provides the utmost workforce agility. Employers can bring in extra team members of any duration, allowing them to effectively address a variety of needs.
For example, a temporary hire can cover the unexpected absence of a permanent employee for a single day, a week, a month, or longer. Temp employees can also augment the existing team during peak season, giving companies the extra hands they need to meet rising productivity goals. Then, when the temporary hires are no longer necessary, the organization can simply release them from the assignment with no further commitment.
Access to Specialized Skills
Many companies have projects scheduled that require specialized skills that aren’t available among their permanent employees. Temporary workers are experienced professionals, and many have niche or hard-to-find skills. That means, with temporary hiring, businesses can cover that skill gap efficiently, ensuring they have access to the capabilities they require to move forward with the project.
Since the specialized employee is a temporary worker, the company can keep them on board until there’s no longer a need for their skillset. Then, they can release the employee once the project is complete.
Cost-Effective Hiring Options
Hiring is often an expensive venture, especially when it comes to permanent members of a company’s workforce. Recruitment costs like advertising openings, screening activities, and onboarding are often cumbersome, and those are on top of salaries and company-provided benefits. Plus, with permanent hiring, there are expenses related to workers’ compensation and unemployment.
For short-term needs, partnering with a staffing firm to secure temporary employees is the more cost-effective approach. The recruitment agency will handle expenses related to candidate sourcing and screening. Plus, since the temp worker remains on the firm’s payroll, they’ll handle payroll and benefits administration and assume the risks associated with workers’ compensation and unemployment.
Hire Known Quantities
In some cases, a temporary employee proves to be a highly valuable asset that can provide a company with long-term value. When that occurs, employers do have the option to bring the worker on board permanently.
The benefit of this approach is that the temp employee is a known quantity, so companies can extend permanent job offers with confidence. Plus, the worker understands the role and the company’s culture, so if they accept, they’re also sure it’s a solid match. Overall, that can lead to dramatically higher retention, as both parties believe it’s a strong fit.
Contact Us Today
Ultimately, temporary workers are a powerful addition to any workforce, particularly when agility and cost-effectiveness are priorities. If you’re ready to see what temporary employees can do for your company, TempStaff wants to hear from you. Contact us today.
