If you are a small business owner, you are probably striving desperately each day to grow your firm, your sales, and your brand. This task – marketing, sales, and growth – is so huge, that you may find yourself short-handed because you are tied down having to complete daily operations tasks.
So what’s a business owner to do?
Hire someone! If you don’t want to have a permanent new employee, go the short-term route. You don’t have to hire them for a permanent job. You can recruit someone and during the interview process, communicate to them that you are only looking for help for about three to six months.
Is it easy to find someone in this way? Well, it depends on what you consider easy! You can place an expensive job ad (cost is substantial), read through dozens of resumes (major time drain), interview people day in and day out (talk about your To Do list falling by the wayside), and then bring them on board (put them on your payroll, start paying their W2 taxes every pay period, give them access to your systems)… only to discover after one month that they really aren’t the right fit for your needs.
Companies do this every day. But did you know that it costs tons of time and money to go through this painful process? Advertising a position, interviewing, hiring, employee salary and training cost a tremendous amount in your time, energy, and money. It costs 3 times their salary to do all this.
This is why you should consider using a staffing firm. You’ll pay a billing rate that is higher than the salary you would be paying if the person was your employee – but you’ll be saving a lot in terms of your time and resources… not to mention your taxes, your risk, and your sanity.
Here’s a reality check now that the first quarter of 2015 is behind us: temporary staffing will be a strong force of employment in 2015, broadly due to the fact that it lets organizations “try out” employees with little to no risk. If a business hires someone full-time, it costs that company much more than just a salary to bring the employee on board (recruitment, employee taxes, benefits, onboarding). The risk to some companies is just too much. And if the person does not work out, you feel stuck. It is hard to terminate someone you just went to great lengths to hire.
Enter the staffing firm. Now a company can contact Graham, with zero risks, ask for a temp employee for a long-term assignment (no specified end date), request a specific set of skills, and leave Graham to find the perfect temp through interviewing, skills testing, reference checks, and thorough screening. If unfortunately, the temp does not work out in the long run, Graham gently lets the person go, and you experience minimal aggravation or inconvenience. Graham handles all of the hiring and the details.
What can you expect your Graham billing rate to cover? It covers the Graham temporary employee pay rate, plus the cost of all those pricey taxes that Graham has to pay for having the person on their payroll (federal taxes, state taxes, including Social Security, Medicaid, unemployment taxes FUTA, FICA), and payroll fees.
Will it save you time and money in the long run? Yes, and even in the short run! If you love the temp, you can hire them full-time. Placement fees are very affordable.
Let Graham do the worrying and hiring for you!
Focus on growing your business. You’d be amazed how freeing it is to leave the recruitment and resume reading to someone else! Contact us today!