To dominate in today’s ultra-competitive, ever-changing business world, it is essential that we prioritize and invest in our single biggest asset: our people. And make no mistake: it is a significant investment. It takes a concerted push to hire well and retain the best employees. But there are ways that you can save untold time and money without sacrificing the quality of your team. Skilled labor agency solutions are tailor-made for construction companies that are feeling the labor crunch, dealing with tight timelines, and juggling myriad other pressing challenges. When it comes to skilled labor solutions Florida has a great amount of potential.
7 Ways Skilled Labor Agency Solutions Save You Time and Money
Skilled labor solutions in Florida that specialize in the construction industry can help streamline your hiring processes and ensure you have the talent you need – when you need it. Best of all, of course, you can keep your budget in check and devote more time to doing what you do best: serving clients.
- Slash Upfront Hiring Expenses
When adding a new employee, many people think in terms of wages. This is not the only factor to consider: you’ll need to pay out for advertising, the screening of applicants, interviewing, onboarding, and training… not to mention the time, money, and effort it takes to wait for a qualified candidate. With a skilled staffing agency, this is all done for you. Yes, it really is that simple – and cost-effective.
- Escape Expensive Overhead
Again, wages are not the only cost you must consider. Full-time, permanent employees need benefits as well, such as workers’ comp insurance, medical/dental, paid time off, retirement, etc. Benefits typically cost 1.25 - 1.5 times the base salary, adding tens of thousands of dollars to your budget.
When you take advantage of skilled labor agency solutions, you will not have to cover these costs unless and until you decide to hire the employee to your payroll. Otherwise, the temporary employee is paid by the staffing agency. Typically, they charge you a certain amount per hour for their services, from which they take a percentage.
- Temporary Employees Hit the Ground Running
When you source temporary employees from a skilled labor staffing partner, they come vetted, and ready to go. In the construction industry, your hires will have all relevant trainings, including mandatory OSHA education. The gap between when a person comes on and when they can actually – and effectively – get to work is significantly shortened.
- Meet Demand With Proper Staffing Levels
In construction, demand ebbs and flows (though it seems to be flowing quite steadily these days!). You will have different staffing needs based on demand, which can be impacted by a variety of factors, including time of year, weather, etc. You are stuck between a rock and a hard place, in many ways. For example, it is cost-prohibitive to maintain a full team of permanent people during a downturn or slow stretch; but when demand picks up, you will have difficulty finding new employees and getting them up to speed in time to accommodate customers/clients.
Temporary employees allow you to meet the current needs of your business far more effectively and efficiently. You can maintain a core team and then scale up or down as required. Additionally, you will bypass the tremendous cost (both in terms of severance pay and morale) of big layoffs.
- Cut Down on Overtime
In the scenario we mentioned above – you have a small team with a surge in demand – you will need to pay out for overtime, which is a significant expense for any construction company. Beyond that, though, long days and extra responsibilities for your permanent people can easily lead to burnout. You can avoid both challenges by leveraging the reach and expertise of a staffing partner who specializes in skilled labor.
- HR Functionality – Without the HR Expense
If your company operates in a lean and mean manner, you may not have the capital to support a full HR department. When you can hire the right people at the right times without adding on additional HR salaries, benefits, office space, and other overhead… that’s a win-win.
- Decrease Turnover Costs
The cost of hiring an employee is significant enough; the cost of replacing one is even higher. With properly vetted and qualified temp employees who have realistic expectations, you can skip the tremendous expense of a bad hire.
Another aspect to consider: many people erroneously believe that using temporary labor decreases the morale of permanent employees. Not so. As mentioned, for example, you help alleviate overwork among your core folks by adding help when and as needed, and this can greatly boost workplace satisfaction, decreasing turnover in long-term team members as well as new hires.
Labor For Hire
Labor For Hire provides leading skilled labor solutions in Florida, specializing in sourcing the most qualified people for your business. If you are tired of fighting battle after battle in the talent war, busting your budget, and scrambling to staff appropriately for demand… solve your labor issues now.
Contact Labor For Hire to learn more.