In todays dynamic market, a lot of employers looking for agility and cost efficiency are turning to staffing agencies for their talent search.
A staffing agency helps equip businesses with cost effective temporary and part-time staffing solutions that help improve agility, productivity & efficiency while the business owners can allocate their time and efforts to other important business functions.
Finding qualified & skilled talent remains the biggest challenge for many small & medium size companies.
A majority of SMBs (84%) agree that finding enough candidates is their #1 hiring challenge – LinkedIn survey
In an already competitive talent market, finding the right candidate at the time when you need them is most crucial. A lot of employers are now looking at part-time, freelance & temporary workers as a part of their workforce strategy to improve agility & efficiency. At the same time, the newer generation values flexibility and work for life balance. They are open to freelance and temporary jobs which gives them a better sense of various business functions and industries. Staffing agencies become valuable resource in bringing the employers and talent together.
Let us explore in detail some important reasons why you should hire a staffing agency.
Reason # 1 – On-board niche skills for short term requirements
Contract employees usually have very niche skillsets and they are very well acquainted with applying those skill sets to various industries and their specific requirements. If you are looking for highly specialised skilled employees on your team for specific projects, hiring from a staffing agency for specific periods or projects can prove to be a cost & time effective proposition.
Reason #2 – Cost efficiency
Many companies fail to realise the savings that staffing agencies provide against the fees charged. Here are some ways in which staffing agency helps save cost for your business.
- Typical time taken to hire can range from 1-2 months. Imagine the loss of productivity during the time. Staffing agencies help provide qualified and trained resources ready to be onboarded, reducing the time taken to hire and loss of productivity and thereby saving money.
- You save money on training the new hires. Staffing Agency helps provide skilled and trained workers as per your specific needs.
- Very often, despite being skilled and experienced, new employee may or may not be a right fit for the company. Every wrong hire costs the company a lot of time, effort and money. ‘Contract to Hire’ workers help save cost incurred on wrong hires. It allows you to determine the employee’s long term fit in the organisation before you hire them as a permanent employee.
In terms of financial outlay, most small businesses spend between $3,000 and $5,000, often more, getting the right person in place. – LinkedIn survey
Reason # 3 – Manage Sporadic demand fluctuations
If you are in one of the businesses where the demand is sporadic or seasonal in nature, for eg: Agriculture, Tourism, Retailing, managing staff is a big hassle. Your hiring requirements need to be scaled up or down depending on the demand. Finding the right quality of staff at the right time is of utmost importance in your business. You can manage your temporary staffing needs more efficiently by partnering with a staffing agency that can help you scale up operations swiftly and smoothly.
Reason # 4 – Saves time & helps you focus on business
A LinkedIn survey shows thatalmost 9 out of 10 small business owners report being directly involved in the process of searching for, vetting, and interviewing potential staffers. On an average, interviewing takes up the most time in the hiring process, at a reported 7 hours a week. Small business owners wear multiple hats and spending so many hours in the hiring process may not be most feasible for them. A staffing agency helps you concentrate on your business while they look for the right candidate for you. They take care of the process of searching, interviewing & vetting candidates, saving you precious time and effort. An employer only needs to indicate what is their requirement and the staffing agency takes it up from there. They also help bring in the Industry best practices based on their vast experience.
Reason # 5 – Freedom from paperwork and legal issues
For small and medium businesses, the biggest hassle would be to handle the paperwork and the legalities involved with the employment of workers. Most staffing agencies take care of the legalities & paperwork of the employees saving you not just time and money but also legal hassles. They assume full responsibility of the employee’s insurance coverage, taxes as per the law and other legalities, and free you from any potential legal or financial issues.
Get in touch with the right company, clearly list down your requirements & expectations and sit back and focus on your business while the staffing agency provides you with the best resources.
Flexi Ventures is one of the fastest growing staffing companies in India providing expert talent for permanent staffing, temporary staffing and temp-to-hire solutions.
Get in touch with us now at www.flexiventures.in.