Why Leverage a Staffing Partner in Uncertain Economic Times?
by: Jimmy Smith
The global economy is currently facing a number of challenges, including persistent and accelerated inflation, supply chain disruptions, and geopolitical tensions. These challenges are creating uncertainty for businesses of all sizes.
In uncertain economic times, it is more important than ever for businesses to be remain flexible and adaptable. One way to achieve this is to utilize a staffing company for at least a portion of your work force needs. In addition to freeing you up to stay focused on your core activities, a reliable staffing partner can help your business meet personnel needs quickly and efficiently, without immediately committing to permanent payroll costs.
Here are a few high-level points to consider:
- Enhanced Workforce Flexibility
One of the biggest advantages of working with a staffing company is the flexibility it offers. Staffing partners can typically support a variety of pay concepts, including payrolling your existing team members or adding new contract and/or direct hire employees after a “try out” period. The temporary or contract route in particular allows your business to more easily scale a workforce up or down as needed, without directly shouldering the long-term costs associated with hiring and firing permanent employees.
For example, a business experiencing a seasonal increase in demand can work with a staffing partner to onboard additional team members to help with the increased workload. Once the season is over, the business can reduce its workforce without incurring some of the costs associated with laying off permanent employees.
- Fixed Cost Savings
Speaking of savings, a reputable staffing partner can also help businesses to save in a big way. Staffing companies obviously charge a fee for their services, but this cost is typically offset by the savings that a business realizes by avoiding the costs associated with hiring and managing permanent employees.
For example, businesses do not have to pay health benefits to temporary or contract employees. Additionally, staffing companies typically take care of all aspects of payroll and tax administration, which can save you significant time and money.
- Greater Access to a Wider Talent Pool
Any good staffing company worth their salt can typically help find the right talent more quickly and easily than the average hiring manager. Staffing is certainly not rocket science. However, a good staffing partner can typically bring to bare more focused energy and an enhanced people network. Frankly, staffing companies often have a bigger network, additional time, focus, and expertise to help screen and interview more candidates faster. Leaders can thus be more confident that they are hiring qualified and reliable employees. This is especially beneficial for businesses that are looking to hire specialized talent or that are operating in highly competitive talent space.
- Reduced Risk
Working with a staffing company can help businesses reduce their risk. Staffing companies are responsible for screening and vetting candidates, so businesses can be more confident they are hiring employees who have been background checked and have the necessary skills and experience. Additionally, staffing companies typically offer some form of liability insurance to help insulate your business in the event that an employee is injured or causes damage on the job. This is especially useful for businesses in high-risk industries.
- Peace of Mind
Working with a staffing partner can give you peace of mind knowing that at least a portion of your needs are being handled behind the scenes. This is particularly important for leaders that are operating in a fast-paced or dynamic environment or maybe don’t have extra mental bandwidth to focus on finding good talent.
To review, below are some specific examples of how staffing companies can help businesses during uncertain economic times. A good staffing partner can:
- help a business to quickly scale up its workforce to meet increased demand
- decrease fixed costs by providing temporary or contract employees
- find specialized talent that may be difficult to locate in the open market
- reduce risk by providing liability insurance by properly screening and vetting candidates
- improve efficiency and productivity by providing experienced and qualified potential employees
- help your business stay competitive by providing access to the latest industry hiring trends and best practices
Utilizing a staffing company during uncertain economic times can be a great way for businesses to save money, reduce risk, and access a wider talent pool. Staffing companies can help businesses to be more flexible and adaptable, which is essential for success in today's ever-changing economy. All of these points are real and time tested. There is certainly no shame in going it alone when dealing with your staffing needs. However, if you are considering working with a staffing partner or maybe even looking for another option, be sure to do your research and choose a reputable company with a good track record. Or better yet, save yourself the time and call on our team to support yours!
Anderson|Biro Staffing is a full-service staffing firm focused on the office professional and light industrial space. We align professionals with each client's individual needs offering quality staffing solutions for temporary, temp-to-hire, direct-hire, onsite partnerships and payrolling services. Our candidates are screened for specific industry experience, outstanding track records, and values that complement your mission and culture. Our motto here is Powerful Teams...Practical Strategies® and clients appreciate our flexible, realistic approach to doing business and delivering effective results.