Flexible Staffing Options
With persistent vacillation of business conditions, more companies are seeking to incorporate and expand their use of contingent workforce as it enables them to adapt more easily to the changing market. Contingent workforce offers expertise that is not inside the organization. Rather than training an internal employee on a specific technology or process, leveraging a temp professional can save the business resources, time and money. Temp staffing is ideal for companies who constantly work on time and cost saving constraints incurred on permanent hire thereby increasing hiring flexibility.
Lower Costs & Increase Efficiency
Staffing delivers unique value-addition by transforming fixed liabilities into variable and business linked expenses. For many companies, the impetus to hire contingent workers is driven by a need to cut costs. By hiring contractors, businesses are able to convert fixed overheads into variable expenditures. Factors such as the amount of time and energy required for drafting job postings, sorting and reviewing resumes, checking references, coordinating and conducting interviews when calculated is quite humongous. All these functions usually take away the company's vital resources reducing productivity. Staffing agencies locate, screen and qualify candidates. In addition, they handle all the administrative duties of attendance, payroll processing, training, employee insurance, vacation, leave, gratuity and other benefits, allowing clients to focus on their core business.
Gain Competitive Advantage
By outsourcing their recruiting and hiring efforts, companies are freed from the cumbersome and time-consuming task of finding and retaining qualified professionals. Various researches conducted on companies that engage staffing firm talent have found that companies who engage contract professionals tend to do better economically. The studies also reveal that the companies' earnings and gross margins improved after the increased use of Temp staffing services.