With the economy in flux, essentially every company in the country is looking for ways to control costs. Since payroll is usually one of the most significant spending areas, finding ways to keep workforce expenses down is often the clearest place to start.
Fortunately, companies don’t have to rely on layoffs to ensure their costs remain manageable. By partnering with a staffing firm, it’s possible to reduce your workforce spend while having all of the skills and expertise your company needs available.
Here are three ways that a recruitment agency can help you control staffing costs in 2023.
1. Hiring Project Expertise on a Short-Term Basis
Many organizations have projects on the horizon that require specific expertise. However, the skillset required for the project doesn’t always reflect the capabilities the company needs long term. As a result, bringing the right professional for the project formally onto the organization’s payroll isn’t cost-effective.
In this situation, staffing firms offer a cost-effective alternative. By partnering with a recruitment agency, you can access highly capable niche talent without a long-term commitment. Instead, the selected professional can work as a temporary project employee, remaining on the recruitment agency’s payroll while working on an assignment at your company. Once the project is complete, you can simply release the temporary employee, making this a no-risk option for securing niche skills only when you need them.
2. Providing Temporary Employees During High Demand Periods
For companies with shifting seasonal workforce needs, temporary employees through a staffing firm are also the ideal solution. Your organization gets the extra hands it needs to support high-demand periods without the long-term commitment – and associated risks – of bringing the workers onto your payroll.
After peak season, you can begin releasing temporary employees from their assignments based on declining demand as soon as the need arises. As a result, you can continuously right-size your workforce, ensuring your staffing costs are minimized at all times.
3. Offering Temp-to-Hire Program to Support Working Interviews
In many cases, workforce costs increase whenever hiring mistakes occur. Bringing the wrong employee onto your payroll means diminished productivity and a potential need to relaunch your recruitment process if you need to find a replacement. When hiring is handled internally, this isn’t only expensive; it also costs you a significant amount of time.
By using a temp-to-hire program through a staffing firm, you can select a candidate and functionally conduct a working interview. Initially, the employee remains on the recruitment agency’s payroll, reducing your risk as you confirm the worker is the right fit.
If they aren’t your ideal match, you can remove the candidate from the assignment and bring a new one on board right away, keeping productivity high while keeping your recruitment costs down. If the employee is the perfect fit, you can transition them to your payroll with ease.
Contact Our Experts at the Advance Group Today
Ultimately, working with a recruitment firm is the ideal way to keep your staffing costs down while ensuring your company has the needed degree of workforce agility. If you’d like to learn more about what a staffing agency can do for you, The Advance Group wants to hear from you. Contact us today.