Business owners always have one foot in the present and one in the future. They’re always looking for opportunities to grow their companies. Staying still isn’t an option for long. However, many entrepreneurs have big dreams, but do not have the staff, resources, or cash flow to start expanding. If you’re in this position, you could definitely benefit from engaging a temporary staffing agency. Partnering up with an agency can make your expansion dreams a reality.
Here’s how temporary staffing can help you grow your business.
Focus on Core Activities
Engaging a temporary staffing agency can be incredibly advantageous for growing businesses because its representatives do all of the work. They will take care of posting ads, reading resumes, interviewing, and testing candidates. They’ll also take care of payroll, tax requirements, and the rest of the paperwork required for new workers. With all of the time you’ll save from outsourcing this responsibility to the experts at a temporary staffing agency, you’ll have more time to focus on the core activities that will allow you to grow your business.
Maximize Your Workforce without the Financial Risk
Growing your business means performing more work, and to do so, you need more staff. For example, you might need more helping hands when you’re testing out a new product. You need workers to market it, ramp up production, and analyze results.
However, it might also be a while before your hard work pays off and you start to see an increase of sales from your added efforts—if you see an increase. You might not want to hire new permanent employees in case your expansion efforts fail. If that happens, you’re stuck paying additional salaries without the extra income. That’s a scary situation to be in. You might be forced to lay off loyal employees and provide severance pay, but a temporary staffing agency can offer you the extra hands you need to get your expansion off the ground, without the financial risk. If things don’t work out, you can send the workers back to the agency and stop paying for their services.
Access to Workers Whenever You Need Them
When you’re growing your business, you never know when an amazing business opportunity is going to pop up or business is going to start picking up at a faster pace. You certainly don’t want to have to pass up a great opportunity because you don’t have the required staff to handle the extra work. A temporary staffing agency can have workers readily available and at your disposal. All you have to do is pick up the phone. Your agency will have a long list of qualified prospects to call at any time, so the hiring process is much shorter.
Temporary workers are also less expensive to hire than permanent staff. So not only do you reduce your financial risk but you also save money while getting the work done. You won’t have to worry about paying a full-time salary if there’s downtime. You won’t have to contribute to Canada Pension Plan or Unemployment Insurance premiums, and you won’t have to pay temps for holidays, sick leave, or vacation time—that’s the staffing agency’s job. Temps also don’t receive health coverage, RSP contributions, or other benefits. You could save tens of thousands of dollars by hiring temps instead of permanent workers.
Growing Your Business Is Easy with Temp Staffing
When you work with a temporary staffing agency, growing your business will never be easier. You’ll have the time you need to focus on your expansion efforts while its representatives do all of the legwork. You’ll have the ability to maximize your workforce without the financial risk. You’ll have access to workers quickly—whenever a business opportunity arises. The lower cost per worker will allow you to have more cash flow for you to grow your business with.