Never before has the
economy been more challenging than the present times. And, it is because this
turbulence, that companies are now required, more than ever, to maintain focus
on managing its workforce, which is its biggest cost-centre. While hiring an employee
is still manageable, but bearing tertiary expenses such as insurance,
healthcare, and other perks and incentives are almost impossible to compensate.
While this is a fact, the paradox is that, on the operations end, a company is
required to exhibit the highest level of efficiency in a cost effective manner.
It is only through strategizing the hiring
practices, that a company can strike a balance between the input costs and the
return on investments. A major solution to this aspect is reaping the benefits
of hiring a temporary work force. Let’s take a look at how this works.
Temporary staffing is nothing but hiring a task force for a special project without any increase in the fixed payroll costs of the company. The major benefit of this practice isn’t just confined to saving big bucks on insurance and incentives of the workers, but also in the fact that overheads such as training and development, are also eliminated to a large extent. This practice also eliminates the moral dilemma of laying off employees every now and then, in order to cut costs, not to mention, the large sums of money that goes into clearing the unemployment claims in such a condition.
Temporary staffing is nothing but hiring a task force for a special project without any increase in the fixed payroll costs of the company. The major benefit of this practice isn’t just confined to saving big bucks on insurance and incentives of the workers, but also in the fact that overheads such as training and development, are also eliminated to a large extent. This practice also eliminates the moral dilemma of laying off employees every now and then, in order to cut costs, not to mention, the large sums of money that goes into clearing the unemployment claims in such a condition.
The most imperative benefit of temporary staffing
lies in the fact that rather than taking in somebody who is a “Jack of all
trades, master of none”, you can actually hire workers with the special skill
set that is needed to take up the task in hand, thus leading to greater
efficiency at a lower cost. Moreover,
while your permanent employees maintain their focus on the primary objectives
of the firm, the temporary workforce can take care of the
secondary support functions.
Furthermore, this practice will help you save on a
substantial amount of man-hours spent every year by the human resource
department in search of the rightful candidates. You can instead take up the
services of a reputed recruiting firm, which in turn can provide you with
hand-picked workers with the exact skill set that is required to carry out the
operations in your organisation.
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