Whether you need a temp or permanent employee, Labor Solutions makes it easy and affordable to find qualified staff members when you need them most.
There comes a time for most companies when more employees are needed. Then comes the important question: Do we hire permanent, full-time employees or temporary ones? Labor Solutions is here to help you solve that dilemma. Let’s compare the costs associated with the two types of employment situations.
Temp or Permanent Employee: Which Is the Right Hire?
It’s a common misconception that hiring temporary workers is expensive. Actually, when compared to the expense of hiring permanent, full-time employees, you will generally find temporary workers to be the better value.
Let’s take a look at the costs associated with hiring a permanent employee:
- Recruiting. Running ads, investing time in screening candidates, and then interviewing them. … These things can add up before you’ve even welcomed a new staff member.
- Training. Often, new employees are not productive during their training period, but they still need to be paid.
- Compensation. In addition to the individual’s wage, you also need to consider the cost of their health benefits, vacation time, and payroll expenses.
- The trainer’s time. Whoever is training the new hires is going to be taking time away from something else they could be doing.
Now, let’s consider the expenses associated with hiring a temporary employee:
- Recruiting. Ad placement and the screening of applicants is handled by us, freeing your company of that burden.
- Tracking time. You will need to have a system in place for tracking employee time and processing invoices.
- Compensation. While your company is responsible for paying the temporary employee’s wage, you are not responsible for the processing and disbursement of checks.
- Agency costs. When you pay the temp’s salary to Labor Solutions, we include a mark-up that allows us to cover expenses such as taxes, insurance, and worker’s compensation, thereby relieving your company of these expenses.
Labor Solutions Is a Good Deal
Overall, you will find that hiring a temporary staff member is affordable and prudent. Labor Solutions can provide you with one or many workers, for one day or long-term. It is then your company’s decision whether to then hire temps on permanently or let them go once the need has passed.