Many companies underestimate the potential of contract talent. When properly leveraged, hiring a team of consultants allows companies to seize a significant competitive edge.
If you are wondering how contract talent can boost your company’s productivity, profitability, and more, here’s what you need to know.
The Competitive Edge to Hiring Contract Talent
Adapt to Seasonal Shifts in Demand
If your company experiences seasonal shifts in demand, contract talent can be a critical asset. With short-term hires, you can continuously right-size your workforce, scaling up as demand rises and scaling back as it diminishes.
Additionally, by partnering with a capable staffing firm, you can expand your contingent workforce rapidly. With the right recruitment agency, you can tap exceptional talent with the precise skills you need quickly, giving you additional agility when it comes to managing seasonality in your operations.
Access Critical Skills for Projects
Often, projects require skills that aren’t always needed as a part of your permanent workforce. This can include capabilities required to create a product or service, or those specifically related to implementations of new solutions.
When the project ends, that skillset isn’t a critical part of your operation. That’s what makes a permanent hire less than ideal for these situations. When the project ends, you have an employee that brings skills to the table that the company at large no longer requires.
By using contract talent to fill project-oriented skill gaps, you can access the capabilities you need right when you need them. Then, once the project draws to a close, you can release the short-term hire from the position seamlessly, working directly with your On Cue Hire Recruiter or Business Development Manager to process the offboarding.
Reduce Risk and Workforce Spend
Contract positions are ideal for any short-term skill-based need from a cost and risk perspective. You don’t have to shoulder the burden that comes with expanding your permanent staff. Instead, the staffing firm takes care of most critical concerns, including everything from tax withholdings to benefits and from unemployment insurance to workers’ compensation.
With contract hires, the worker remains a W2 employee of the recruitment agency. As a result, the contractor never formally joins your payroll during the assignment, reducing your risk and financial burdens significantly.
Additionally, contract talent creates additional financial savings opportunities. You can bring in short-term hires to eliminate the need for overtime, an approach that can be incredibly cost-effective. Plus, overtime elimination can decrease the odds of your permanent team becoming overworked or burning out, resulting in higher morale and greater cumulative productivity.
Conduct Working Interviews
Contract positions create a unique long-term hiring opportunity. While the professional is in a contract position, you can conduct a working interview and the talent can ensure that your company is a place where he/she/they can grow and thrive. As an employer, you have the opportunity to work with the contractor and get to know each other as professional partners and colleagues before converting to full-time employee status.
If the selected worker ends up being a great fit, you can confidently transition the role into a permanent position.
Looking for Stellar Contract Talent?
Ultimately, contract talent gives companies a significant competitive advantage. The agility and flexibility are unmatched, and it also creates opportunities for cost-savings, risk-reduction, and more. On Cue Hire is an expert at filling tough positions and finding top talent nationally. We recruit in all 50 states.
If you’re looking for outstanding contract talent or build a contract team around a specific initiative, contact On Cue Hire today.
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