Contract Staffing: The Driving Force Of A Rapidly Changing Market
Contract staffing has become increasingly popular amongst the biggest companies. Why are so many hiring managers opting for this over permanent employment? Unbeknownst to many, contract staffing brings more benefits to employers in a world where projects are moving at a rapid pace. A report by CNBC highlights how in the United States, contract employees are beginning to outnumber permanent employees, with 36% of the workforce consisting of contract employees, as more companies are using contract staffing to drive profits (Sheng, 2018). With contract staffing, companies can engage the optimal candidates for their projects. Hiring specialized skilled workers is made easy with contract staffing, especially during peak periods that require seamless onboarding without hidden costs.
Comprehensive Skill Sets for Specific Projects
It is no surprise that multinational companies are leveraging contract employment to expand their businesses. When a crucial project needs a specific skill set, companies can face difficulties in recruiting the right candidates due to the lengthy vetting process. Training fresh graduates to fulfill the positions would be time-consuming and costly. However, with contract employment, the right candidate brings the necessary skills and experience to a team. Companies can hire individuals for specific projects and the employment runs for a fixed period. With this, more focus is placed on the needs of the projects in situations where the company does not have someone to fulfill the role.
Seasonal Support During Peak Periods
Projects can progress rapidly and without sufficient manpower, these fast-paced projects can be hindered by a bottleneck and then stagnate. To prevent this, companies leverage contract employment. During peak periods, many companies do not have the excess manpower to focus on hiring ideal candidates for projects or training new employees. Through short-term contracts, employees are hired to support time-sensitive projects. Not only that, but the candidates hired are usually veterans in their field and would assimilate into the team seamlessly. An analysis by LinkedIn found that 91% of contract employees are skilled individuals with extensive careers. Companies can rest assured that the employees hired are capable of supporting their projects.
No Unexpected Costs
With contract employment, candidates are subject to contracts drafted upon being employed by the company. The terms such as duration of employment and remuneration are clearly outlined to ensure straightforward hiring, so companies are aware of all the costs involved. Resultantly, with fixed costs, the company saves on hiring costs and operational costs in general because there are no hidden costs to consider. This also gives companies the flexibility to adapt their teams according to the current needs of ongoing projects, which also increases productivity by optimizing the teams. With no unexpected costs, companies can be sure that they are getting skilled workers fast, yet in a cost-efficient manner.
Adecco helps you fill in the gap quickly. With a recruitment agency like ours, you can focus on other crucial aspects of projects. We are experts in sourcing the perfect candidates who are fitted with complex skill sets. Forget about screening through applicants and handling payroll, because we take care and make your life easier. We will find you the right employees who will support the needs of your company. With 35 years in Malaysia, you are in safe hands with Adecco and soon, you can have the right people in the right positions.