One of the most important investments you make for the betterment of your company or department is hiring new people. If you’re thinking about bringing on new employees, you may be facing some hard truths. Not only is hiring complex, but it takes a lot of skill, patience and time to find just the right person to fill a position. That’s not even factoring in the cost of the entire process from start to finish.
It’s not cheap to hire new people. Here’s a look at some of the areas where your money will go during the hiring process and beyond:
- Advertising The Position: once you’ve come up with the perfect job advertisement, it’s time to get it out there for potential candidates to see. However, placing a job ad isn’t free (in some cases, $300 or more per month to advertise a single position) and it adds to the overall cost of hiring an employee.
- Resume Review and Candidate Interviews: One of the most time-consuming parts of hiring a new employee is trudging through a mound of resumes, identifying qualified candidates and conducting interviews. That’s time and productivity taken away from your business.
- Background Checks: Once you’ve identified a strong candidate, it’s time to dig a little deeper. This is an important step that may go overlooked due to time constraints but skipping it can result in a costly mistake.
- Onboarding and Training: Once you hire someone, it can take up to a few months for them to get comfortable in their new role. In fact, research shows that it can take 8-26 weeks for an employee to achieve full productivity depending on the complexity of the job.
Sound like a lot of work? And this is assuming the person you hire for the position works out long-term. Fortunately, Contemporaries has a ‘Temporary to Permanent’ employee option that is an ideal solution and money saver for you. With this method, you can hire an employee on a temporary basis working through Contemporaries, but with a path that eventually transitions the employee to full-time status. While the employee is working on a temporary basis, Contemporaries assumes all payroll costs, insurance costs, liability, taxes, etc. If the employee leaves the position or you decide that the employee is not the right fit for the job long-term, there is less burden on your organization in terms of onboarding and offboarding.
Hiring a new employee is one of the most important decisions you’ll make when it comes to running your business. It’s also a time-consuming and costly endeavor where you definitely don’t want to cut corners. Contemporaries is a temp to hire Washington DC area firm that can provide the solution. Call us at 301-565-0445 and let’s work together to find the best temp to perm staff for your open positions.