Given that there are so many uncertainties taking place in the economy today, hiring may need to be recalibrated to meet unpredictable business conditions. Have you considered contingent hiring?
There are many benefits to hiring workers on a contingent-basis in unpredictable labor markets:
- Flexibility: Whether you need to hire for a specific duration or to meet unforeseen increases in demand, hiring workers on a contingent basis can give your company the option to adjust headcount at any given time.
- Back Office Support: Hiring through a contingent staffing firm will alleviate demands on internal HR and payroll – a welcome relief in situations of reduced operations and administrative staff headcount.
- Reduced Risk: Staffing agencies are the employer-of-record for temporary employees. This removes the responsibilities and liabilities of being an employer from the equation.
So now you know the benefits, how do you get started? Here are a few options you may consider:
- CONTRACT: To cover for deadlines, surges in business, employee leaves…etc. a contract arrangement with a fixed duration would be your best option. This also gives the company the option to extend the worker should the demand persist, or the duration needs to be lengthened.
- CONTRACT-TO-HIRE: For a number of reasons, this is a great option. Whether it is a “test drive” or getting around corporate head-count limits, this option gives employers a way to address labor needs while allowing all parties time to evaluate long-term technical and cultural alignment.
- PROJECT-BASED / STATEMENT OF WORK (SOW): Having a defined scope of work, clear deliverables and timetable will help with corporate approval of projects and budgets. Using contingent workers or consultants is ideal. This is also a good way to get around hiring freezes.
There’s no crystal ball on what the economy will look like over the next 6-12 months. The economic predictions run from “soft-landing” to prolonged recession. Macroeconomic numbers and trends all point to at least some level of uncertainty. In such an environment, contingent hiring can help smooth out what could prove to be a bumpy ride.
To see how you can bring in more engineering talents on a contingent basis, and what arrangement would work best with your hiring needs, contact SoloPoint Solutions today: