Looking for ways to make your business more successful in the new year?
Take a look at your staffing strategies!
No matter what industry you're in, tight labor markets, increasing regulation and an unpredictable economy make it tough to be an employer.
Intelligent use of staffing can make things simpler, safer and more cost-effective. This article contains practical solutions to four of the biggest workforce challenges today's organizations face, based on a recent survey of 500 HR professionals and hiring managers:
Challenge 1: Attract specialized talent in tight markets
After peaking in 2009, the unemployment rate has slowly, but steadily, crept downward. Across the country, more people are getting back to work -- which is great! But as talent pools in certain positions and markets dry up, it becomes tougher to attract specialized talent.
Here are a few ways your staffing partner can help:
Challenge 2: Retain your best people
With more job opportunities available, and fewer qualified people to fill them, you're at greater risk of losing top performers to competitors. To compound the problem, traditional methods are not as effective as they once were in retaining great people.
Your staffing partner can help:
Challenge 3: Grow your team
The good news? Hiring freezes are over and business is picking up.
The bad news? Talent shortages threaten your ability to fill open jobs. Furthermore, with a bad hire costing between three and seven times that person's salary, you can't afford to make mistakes. Your staffing partner can help you:
Challenge 4: Save money on benefits expenses
Continued uncertainty surrounding the Affordable Care Act, coupled with benefits costs that average 42.3 percent in excess of payroll expenses*, make healthcare a leading cost concern for employers.
Healthcare is a big expense. But, it also presents a big opportunity to save money, by using temporary employees to boost your short-term capacity. Temporary workers remain on a staffing agency's payroll, so the employment agency is responsible for providing their healthcare benefits.
Regulations permitting, your staffing provider can help you cost-effectively manage benefits expense:
The American Staffing Association also recommends further protecting yourself by drafting a benefits plan that clearly and explicitly excludes staffing firm employees.
How can we help you staff smarter in 2015?
To develop the best solution for your organization, we invite you to schedule a free workforce consultation with us. Together we can assess your needs, brainstorm options and design smart strategies to help you overcome whatever workforce or hiring challenges you face.
* U.S. Bureau of Labor Statistics
Attract. Retain. Grow. Save.
Staff Smarter in 2015
HR and hiring managers list sales & marketing, creative, IT, industrial and medical positions as "extremely difficult" to fill.
Turnover is the single biggest reason employers are hiring.
78 percent of HR and hiring managers said that they plan to hire within the next six months.
65 percent of hiring and HR managers cite healthcare as their number one cost concern.
Using staffing services to maximum advantage requires careful planning with a partner you can trust.