Beyond Temp Workers: Low Cost Employees to Hire on a Budget
Hiring temporary workers can enable your business to take on needed staff without also taking on the responsibility for recruiting, hiring, screening, training, and providing benefits to new employees.
According to Business.com, “Companies appear to be slowly drifting away from the permanent workforce and toward having a workforce at any given time that’s 80 to 90% permanent, with the other 10 to 20% accounted for by temporary workers.”
Although temp workers are a great option for you to get the help you need without making a commitment, they aren’t the only option available. Consider hiring interns, bringing on part-time employees, and outsourcing jobs to remote workers in order to cut unnecessary costs without compromising employee quality.
When you have tasks in your business that require minimal training and responsibility – but still must be completed–student interns can do them easily. In exchange for college credit, a letter of reference, and valuable business experience, interns can perform a variety of tasks within your business. Set them to shredding files, stuffing envelopes, and filing paperwork. Over time, as they gain more experience and confidence, you can set them to more complex tasks.
- By providing students with the opportunity to gain job experience and improve their resume, they in turn can bring enthusiasm and eagerness to the job.
- You have the option to hire your interns as full-time employees later on, with the full knowledge that they are already trained and familiar with your business.
When you hire part-time hourly employees, rather than full-time salaried workers, you have much less administrative overhead to deal with. Your HR and payroll software can easily handle their pay and tax deductions, and you won’t be responsible for providing benefits. You can use part-time workers to fill in schedules, help with the extra workload, and relieve some of your work burden without having to cover full-time pay and benefits.
- With shorter hours and shifts than regular employees, you can flexibly schedule your part-time workers so that you have enough hands on deck during busy times. This also ensures that you don’t have too many people working during slower hours.
Outsourcing can benefit small businesses in a number of ways. It reduces the workload on yourself and your current employees, streamlines your business processes, and enables you to get work done for less than the cost of bringing on a new employee. Some of the tasks you can outsource include:
- HR and payroll administration.
- Accounting services.
- Inbound calls and lead generation.
- Any task that can be completed over the phone or via the internet – answering emails, generating reports, writing content, producing marketing campaigns, designing and managing websites, and more.
Making the Most of Your Budget
Decreasing the costs of hiring your employees can help you make the most of your budget. You can also save money in the hiring process itself, since your business incurs significant expense whenever it has to replace a worker. The costs of employee turnover include new hire recruitment, loss of productivity while the position remains open, and training the replacement for the position.
- According to Resource Nation, 46% of new hires fail within the first 18 months. Hire the right person the first time and reduce the frequency of negligent hires by checking references and implementing background checks for all of your potential new hires.
- Improve employee retention by offering the best perks possible – not necessarily the highest salary. Offering flexible work hours and extended vacation time can attract quality job candidates without sacrificing productivity. Promote good health with gym memberships and wellness classes.
When your business is small or just starting out, it may be difficult to find employees who can fit your budget. Full-time, salaried employees aren’t your only option. Look into hiring less traditional workers that can help your business grow without causing a strain on your finances.
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