The cost of good talent is one of the largest line items on the budgets of most companies. You need experienced, motivated people moving your business toward its goals – without breaking the bank. How can you balance these competing needs?
Take a look at these methods for lowering staffing costs in the coming year:
- Tackle special projects with temporary staff. Finding the employee with the specialized skill set required to complete a one-time project is a pricey proposition – but finding the same person to work on a temporary or contract basis until the job is complete is as easy as picking up the phone. Staffing firms specialize in connecting with the right people for a wide range of specialized tasks.
- Think “overflow,” not “overtime.” Sometimes, the necessary day-to-day business tasks simply require more time than the 9-to-5 workday provides. Paying your current employees overtime in order to handle these tasks can quickly become an expensive proposition. Instead, think about how best to manage the “overflow” work. Would adding a new part- or full-time employee allow you to keep the workday within its usual boundaries in a cost-effective manner? If overflow is periodic or seasonal, can temporary staff provide a solution? Your recruiter can offer ideas tailored to your specific needs.
- Create a benefits offer they can’t refuse. Finding top talent means offering a competitive salary – but convincing your number-one candidate to accept a job offer may not be a case of money alone. To compete without raising compensation costs, round out the total package with low-cost “nontraditional” benefits that tailor the work experience to the individual. Flex time, telecommuting options, or assistance with items like tuition, childcare, or even lunches can all convince top talent to choose your company, without overburdening your budget.
- Talk to your recruiter. Staffing firms specialize in helping each client control staffing costs while still finding the right people for the job. Your staffing partner can recommend cost-control methods that fit your business’s needs, goals, and culture.
At Marquee Staffing, our experienced SoCal recruiters can help you lower your staffing costs without sacrificing quality talent. Contact us today to learn more.