Hiring new employees is one of the most important investments you make to enhance and grow your business. It’s also one of the most challenging. Not only is hiring complex, but it also takes a lot of 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. Here’s a look at some of the areas where you’ll spend your time and money 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 on multiple job sites can add up quickly and the longer it takes to fill the position, the more money it costs your firm.
- Resume Review and Candidate Interviews: One of the most time-consuming parts of hiring a new employee is trudging through resumes, identifying qualified candidates and conducting interviews. That’s time and productivity taken away from your business.
- Background Checks: A thorough background check 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.
Sounds like a lot of work, doesn’t it? This is also 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 are fewer burdens on your organization in terms of onboarding and offboarding.
Hiring a new employee is a time-consuming and costly endeavor where you definitely don’t want to cut corners. Call Contemporaries at 301-565-0445 and let’s work together to find the best temp to perm staff for your open positions.