Hiring a new employee can be surprisingly costly to any business, local or international. So how can companies utilize modern resources to help avoid paying approximately 4,000 dollars per new employee?
The best way to prevent your company from getting slammed with 4,000 dollars per new employee is to hire temporary workers from skilled trade staffing companies. These workers are highly trained and capable of working in a company such as your own while avoiding a significant amount of the cost for their hire.
Temporary workers from skilled trade companies are essentially recruits, who are trained in a specific vein of work that can be hired out by other companies who need that specific type of worker. The temporary worker is then kept on for a designated amount of time until the company who hired them no longer needs their work, they have found a full-time replacement employee, or the position is no longer needed within the company.
This means that companies who are hiring temporary workers from skilled trade companies do not need to shell out 4,000 dollars in addition to the temporary workers’ pay and wages. Clearly this yields significant cost savings over the long term.
Another way to cut the costs of hiring a new employee or a temporary skilled trade worker is by training existing employees on the requirements of the new position. You can divide these responsibilities up amongst a few of your current employees.
With this method, you do not need to add any new employees to the payroll, you avoid the hassle of trying to find a temporary skilled trade worker from a reputable company, and you can keep your company running smoothly.
However, there are a few hitches that come with the above method. Using this method can result in complications with the job, where multiple existing employees are working their positions individually and one position as a group that no one has been professionally trained for. It can also overburden your employees leading to poor workmanship and a high turnover rate.
With either method, you can pass over the huge cost of hiring a new outside employee. Whether it is a temporary set-up using an interim worker from a skilled trade company or an existing employee or group of employees sharing the workload of the position, it is bound to save your company time and money.
So next time you find yourself needing to fill a position, assess your options before jumping to an outside hire.