In today’s job market, there are roughly 5 million more available jobs than there are available workers (Bureau of Labor Statistics). Employers who are unable to find quality candidates have turned to temporary staffing agencies to address this enduring labor shortage.
Temporary staffing has shown a 343,000 person increase in employment year-over-year (May 2022 vs. May 2021). With this much growth, clearly that temporary staffing companies provide valuable support to companies. Could these services help you?
From flexibility and cost-effectiveness to having access to a larger talent pool and the option to hire, the following are the four foundational benefits of working with a temporary staffing agency:
Temporary staffing is a great way to handle fluctuations in your workforce. If you have a special project or busy season that requires additional staff, or if you need to fill in for an employee who is sick or on leave, a staffing agency can help. Most staffing agencies will have a pool of temporary workers who are ready to spring into action at a moment’s notice. So you get the help you need, when you need it. The same applies to when you no longer need support. When your need for temporary staffing ends, you can cancel the temporary support quickly (sometimes even within a day’s notice), creating greater efficiency in your workforce.
Utilizing temporary staffing is a cost-effective way to meet your short-term staffing needs. You are only responsible for paying for the hours that the employee works. By contrast, if you hire an employee, your costs include the employee’s wages plus federal and state unemployment taxes, FICA/Medicare, workers’ compensation insurance, employee benefits, training costs, and potential commissions.
Access to a larger talent pool means that you will have more options for on-call staffing support. From job boards to resume databases, social media communities, school partnerships, referrals, and extensive applicant tracking systems, staffing agencies use a variety of resources to source top talent. Their expert recruiters then carefully screen, interview, and hire the top candidates. Staffing agencies are also experienced in matching you with temporary staff who fit your company’s specific skillset and culture needs.
Many companies look at a temporary employee as if the employee is on a “working interview”, with a full-time job potentially available on the other side of the assignment or contract. If the employee works well within the company, they may extend them an offer. If you determine the temporary employee isn’t suited for the role, the staffing agency will replace them with someone who might be a better fit. Hiring mistakes can be very costly. In fact, the US Department of Labor estimates the cost of a bad hire at up to 30% of the employee’s wages for the first year. Unlike traditional forms of employment, temporary staffing allows you to work with several candidates before you decide to hire, without having to worry about expensive recruitment and overhead costs.
JWilliams Staffing is here to help your company navigate the workforce. We have a strong network of professionals who are ready to work, and expert recruiters who carefully screen, train, and identify the cross-application of skillsets in candidates necessary to excel in their career. Learn more about our temporary and direct hire staffing services today!