: Blog

How to grow your business rapidly

Many organizations incurred severe reductions in staff in 2009 in order to cut costs and stay alive. Even though a reduction in staff can save you money in payroll and benefits, it can cost you in other ways such as diminished productivity and loss of revenue as you may not be able to meet productivity goals or you may not have adequate sales coverage. 

Conversely, it’s expensive to hire new employees as there are costs tied to on-boarding, training, payroll and benefits. Not to mention the learning curve and ramp up time before an employee is 100% effective. Studies indicate that it can cost an organization 30-50% of the annual salary of entry-level employees, up to 150% for middle level employees, and as much as 400% for specialized or high level employees!

So how do you grow or rebuild your organization and still control costs? The answer lies in Contract Staffing. There are a wealth of hidden benefits to an organization that chooses Contract Staffing over traditional hiring, to spur growth. 

1)       Reduction in employment costs. When you hire a contract employee, you do not incur the additional overhead of employee benefits such as healthcare, other insurances and paid time off.  

2)      Reduced exposure to risk. When you hire a contract employee, you reduce your exposure to Workers Comp, Disability and unemployment insurances. 

3)      Increased productivity. Most Contract employees are highly skilled individuals. They choose contract employment as a career path. Their skill sets range from entry to executive level. They join organizations which intrigue and excite them, resulting in higher levels of employee engagement. 

4)      Greater flexibility. Hiring Contract employees allow you greater flexibility to increase or decrease staff as needed. You have the ability to see how an individual performs, before hiring them on a Permanent basis. If your business needs suddenly change, you can reduce staff immediately without having to initiate layoffs.  

5)      Increased budgetary control. Hiring Contract employees allows you to take control of your budget by eliminating the costs and risks associated with hiring permanent employees, while enjoying the productivity benefits of a fully staffed organization. Contract Staffing agencies generally payroll Contract employees, allowing you even more financial flexibility. 

6)      Competitive edge. Why waste time, energy or resources on lengthy recruiting efforts. You can bring Contract employees on board in a fraction of the time it takes to recruit, interview, hire, train and on-board a traditional employee. Let your competitors bog themselves down in the process.  

If you’d like to learn more about Contract Staffing and how you can begin saving money today, contact Shawn O’Hara-Smith shawn@kellenjames.com or John Smith john@kellenjames.com. We’ll be happy to discuss your goals and tailor a solution which meets your individual needs.