Financial Benefits of Hiring Temp Workers
Running a business involves dealing with a constant parade of surprises. Having the right team in place lets you overcome those unexpected challenges. But how can you ensure that you have the right staff in place at exactly the right time?
That’s where temp workers come into play. They let you maximize your staffing levels, making sure your business runs as profitably as possible at all times.
Temporary workers have become a major part of the U.S. economy. In 2019, temp and staffing employment in the U.S. sat at 16 million. This was up from less than 10 million a decade earlier.
Are you ready to take advantage of this amazing resource? Here are some of the financial benefits you can expect from hiring temp workers:
Orders don’t always arrive in a predictable way. You experience ebbs and flows in your business. The trick is matching staffing levels to these shifts in demand.
A strategy of relying solely on your full-time employees can lead to problems. When you’re flush with orders, you don’t have the staff you need to reach the required output. During slow times, you end up paying more than you need to for the work available.
Temp workers give you the flexibility to deal with these cycles. You can add workers quickly during busy times and then control staffing levels when things are less hectic.
Beyond the normal variance in business activity, you sometimes face a one-time project that requires extra help. This might involve a big client order, the launch of a new product, or even a periodic office clean up.
Whatever the particulars, these special projects get done easier when you can draw on extra capacity. This way, you don’t slow down normal production to take care of the situation. Your permanent staff can remain focused on their work.
In addition, the temporary help lets you finish your new endeavor quickly and at the lowest possible cost.
Sometimes, you need a specific skill to complete a task. You might not have anyone on staff with the background you need. Rather than launch a full-scale hiring process or turning to a high-priced third-party firm, you can bring in a temporary employee with the specialized background you need.
By following this strategy, you get access to the expertise necessary to complete the job at hand.
Ramp Up Quickly
Planning a new product launch? Temporary workers provide a bridge to these new sources of revenue. Adding temps lets you ramp up a new product quickly, without the timely process of recruiting a full-time staff.
This strategy also lets you rationalize your staffing levels. You can figure out the long-term demand for your new offering without tying yourself to long-term employment commitments.
When you’re ready to hire a full-time employee, it helps to know the person ahead of time. Having a dynamic temporary workforce gives you this option. You can choose from your best temps when it comes time to add to your permanent staff.
This will save you time and money when you start recruiting. You don’t have to launch a costly external search because you already have candidates in-house. A talent pipeline populated by temporary employees lets your streamline your process.
Ready to start taking advantage of temp workers? Partnering with a strong recruiting firm, like SmartTalent, lets you get the most out of your business.
Contact SmartTalent today to learn more.