In recent times, the number of employers looking to hire temporary and contract employees has increased dramatically. In fact, nearly 90% of organisations across all major sectors plan to add contract positions to their future workforce structure, and nearly 40% have already done so. Here are some reasons why you might want to hire a contractor instead of an employee.
In many cases, hiring a permanent employee can cost you more than the contract employee. There are many costs, in addition to the basic salary, that you must consider when hiring a permanent worker, such as insurance policy, health care fee, PF, pension, training, etc. There are still other factors to consider. such as sick leaves, decreased productivity and administrative costs.
When you calculate the actual cost of hiring a permanent worker, it will be more than the rate of contracted staff. While you may have to pay a little more to hire employees, you won’t have to commit to your payroll and other benefits.
Recruitment on demand
One of the advantages of hiring contractors is that you can hire the best of the best candidates with the specific skills required for your ongoing or upcoming project. You can terminate the contract once the project is completed.
Contract workers tend to have more experience and expertise. This is where working with a recruitment services agency is a big plus. Recruitment companies have a group of talented candidates who are always looking for good opportunities. They can provide you with the right talents with the right skills in the short term. You can hire a contract worker with most of the required skills and start playing a role without wasting time and money on training.
Another benefit of recruiting contract workers is the flexibility it provides. If your company has seasonal work , contractors are the way to go. Eventually, this is better than hiring permanent employees because when you have limited projects with your company, you won’t need to reduce the number of employees. In addition, you can hire contractors to reduce the burden on any department when the need arises. Contract employee hiring provides another benefit, which is “try before hiring them permanently.” You can hire a contractor to see if they are suitable for that position and your business culture.
Hiring different types of employees is the best way to meet your critical staffing needs at an optimal cost. The contract or permanent employees have their own benefits. Your recruitment strategy should fit your business objectives and budget.
Eminence Technosystem works with highly qualified contract workers. These candidates have experience working in various fields and new technologies. We have placed many talented contractors in leading multinational companies and they have proven their worth over and over again. If you are looking to hire contract employees, we can help you find the perfect candidate for the given position. Contact us today!