5 Ways to Decrease Costs by Hiring Temp Employees
Hiring new employees is time consuming and expensive. These costs increase if you make a hiring mistake. Skilled and professional recruitment agencies can save you time and money in the long run. They can also increase your chances of getting the right employee from the start. Here are 5 Ways to Decrease Costs by Hiring Temp Employees.
1. Save time in the hiring process
It’s possible a great potential employee may never come across your job posting. The best recruitment agencies have broad networks and keep the resumes of thousands of skilled local professionals on file. Upon seeing your needs for a position, agencies provide you with a candidate who’s more apt to be the right fit than you could likely find on your own. They also save you the time of wading through a multitude of resumes from applicants who don’t fit the bill.
In addition to seeking out your perfect employee, recruitment agencies handle the most time-consuming aspects of the hiring process, including the initial interview, skills testing and select reference checks. That way, you don’t take valuable time away from your own duties or the daily tasks of your management staff until you’re presented with A-list candidates.
2. Decrease turnover costs
Turnover can be expensive. A recent survey reports that a poor-performing employee takes up about 17 percent of a manager’s time. That equals almost one wasted day per week. Factor in the time it takes to train a replacement, and you’re looking at a lot of lost hours.
Staffing agencies help reduce turnover by vetting candidates before they even walk through your door. In many cases, agencies have worked with a candidate on a temporary or consultative basis before, giving staffing specialists a good idea whether the potential employee will be able to perform to your standards and mesh with the office culture.
3. Eliminate up-front hiring and training costs
Another way recruitment agencies cut your expenses is by performing pre-employment evaluations for you. They cover a lot of the expensive legwork that can drain your budget. These expenses can really hurt a small or even midsize organization with a tight budget, limited manpower and limited human resources support. This is in addition to the potential cost of a bad hire if someone doesn’t work out.
Recruitment agencies also often offer their candidates access to a variety of resources and training opportunities so they can continue to hone their talents, gain updated job skills, learn field-specific regulations and stay current with technological advancements. This training ensures you get a capable employee with a wide-reaching skill set and industry specialization.
4. Reduce overtime
Recruitment agencies can help you save money during busy times, such as when you need skilled temporary workers to perform an audit, file taxes, initiate an IT upgrade or publish new marketing materials. Staffing specialists have a diverse roster of candidates who boast the skill sets you require to fill the gaps, which eliminates the cost of paying overtime to your full-time staff and avoids burning out your most valuable team members.
The long-term benefits and savings of working with a recruitment agency can alleviate the strain on your organization in terms of time management and budget. Staffing solutions also afford you access to the cream of the candidate crop.
5. Eliminating Advertising dollars
Recruiting for top talent takes an investment in advertising dollars to reach your talent pool. Staffing companies have already set aside advertising dollars for recruiting and are already reaching the talent you need. You can leverage their dollars and save yours.