Here are 4 questions companies should consider before adding temporary staffing or expanding their business with new hires.
1. Do You Need Full-Time Staff?
Think about whether a set of full-time in-house new hires, or whether temporary workers or contractors could fill in for an interim period of time. Too many smaller businesses make the mistake of feeling like they need to expand in-house, rather than promote a more agile and versatile solution that will cost them much less over time.
2. Can You Afford Full-Time Staff?
It’s always crucial to look at the total cost of in-house hiring. Business owners usually understand the costs of salaries for these people, and even the cost of benefits. But what they may not take into account is the particular costs of things like group benefit additions, or workers’ compensation and unemployment insurance, or the cost of adding resources like workstations. Look at every single cost to be sure that you have an accurate picture of what new hires are going to cost.
3. Do You Have the Training Resources?
Training is also a big issue in business growth. It’s serves support to overall organizational goals if you bring new employees on board if they don’t know how they’re going to contribute. Again, with temporary staffing, staffing services companies can help by sharing the burden of training. For example, the staffing services company may orient and screen workers toward how to handle the physical challenges of a manufacturing floor, what to wear on the job, how to be proficient with software packages, etc. This splits the training costs between the client company and the third-party service.
4. Do You Have Space?
When expanding your staff, you’ll also have to have the space to do so, unless you’re pursuing growth on a telecommuting platform. In general, telecommuting is worth considering, both because of cost savings to business and cost savings for the individual worker, such as savings in fuel, meal purchases, etc. That said, some industries still have a rigid on-site policy in place for workers, both in order to supervise them more directly and to promote a particular kind of business culture, which is hard to do when people are working out of their homes.
Think about all of these aspects of growth when faced with a difficult decision about whether to hire more people. With good information in hand, and with a solid business philosophy, you’ll be able to more fully understand when it’s time to extend job offers to outside candidates.
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