Hiring temp and contract workers has been a long-standing way for companies to get the help they need at a lower cost to the company. With concerns about an upcoming recession, companies are working to limit spending and cut costs where they can. According to LinkedIn's Future of Recruiting Report, listings for contract jobs jumped 26% between May and November 2022 compared to 2021. Here are 4 reasons your company might want to consider contract workers in 2023:
- Enables Flexibility
When hiring a temporary or contract worker, there is a lot more flexibility that comes along with it. It gives your company a way to respond to market demands whenever needed. You also have the the opportunity to get the help you need at any given time without committing to a full-time hire. Then with time, you may realize that you need to create a full-time position based on the workload that the contract worker is handling. This level of flexibility is extremely convenient when the market is unstable and unpredictable.
- Reduced Long-Term Costs
A contract employee is exactly that, working on a contract basis. They do not require an annual salary, which saves your organization money in the long run. You have the opportunity to extend the contract if needed, but if you get all of the help needed during the contract period, you no longer need to budget for that position.
- Shorter Hiring Process
Usually, a temporary employee is hired for a specific project or duty, so finding the right skills for that task is a much easier process. Getting ultra-specific with the the necessary criteria will expedite the hiring process, allowing the contract employee to get a quick start and make the most impact.
- New Ideas & Instant Impact
A temporary employee knows they have a short time to leave an impression. They come into a company with new ideas and perspective that can make a quick and positive impact on your company. Temporary workers make the most of their limited time with your company, which can benefit your company in a multitude of ways.
As your company considers ways to cut costs and continue operating at the level it's used to, a contract employee can make a big difference at a low cost. If you think a temporary or contract employee is the right move for your company, reach out to your local PeopleShare branch to learn more how we can assist you today!