We can’t think of any company that doesn’t want to save money when it comes to the cost of finding, hiring and even firing employees.
That’s where strategic staffing comes in: It truly can save a business money. Here’s how.
Chances are your business has too many employees. You may be employee-heavy because you hired more people when you needed more people, but then the demand for your products or services that necessitated the additional hiring peaked and then waned. But your employee roster stayed the same.
Strategic staffing gives you flexibility. You can bring in workers and their skills when you need them and then let them go when you don’t. Yes, it may cost more per hour to hire temporary workers, but you pay for them only when you need them. In addition, you’ll pay no benefits, no workers compensation to worry about, no unemployment insurance, etc.
In short, strategic staffing allows you to change a fixed cost center into a variable.
Hiring and firing people is expensive. Partner with a staffing service to source, place and remove people you no longer need allows you to cut costs on the following:
Recruiting: Talk about an unproductive use of your time! You may interview 10 people before hiring one. That means that 90 percent of the time you spent interviewing was wasted time. And this doesn’t include the time (hours?) you spent culling through resumes/applications to find the 10 people you wanted to interview.
Instead, a staffing service can go through the resumes and conduct preliminary interviews, leaving you to meet with just the top three candidates, candidates that have been screened using parameters you set. A staffing service also can conduct all background checks and testing.
How much does it cost to replace an employee who leaves? Most experts believe the cost is three to five times the salary paid to the person in the position. If a temporary worker was “sitting” in the position, there’s no cost to you to replace the worker when the worker leaves. Oh, wait, there is a cost: the cost of the time it takes you to notify the staffing service that you need a replacement – five minutes or less.
Overtime costs can add up extremely quickly with regular employees. Bring in temporary employees for those peak times and you won’t be paying overtime.
There are additional cost savings to partnering with a staffing service. We’ll discuss those in a future blog post.
In the meantime, if you’d like to learn more about how engaging Jackson staffing service the Professional Staffing Group for your staffing needs, contact us today. We’d love to talk to you about your staffing headaches and how we can help your pain go away.