Staffing Budget Out of Control? Here is How to Rein it In

It’s certainly not a secret that your employees are your greatest asset. However, maintaining a staff filled with top talent shouldn’t break the bank. If your staffing budget has become unmanageable, consider partnering with a staffing firm. These professionals are skilled at finding staffing solutions to help you save money and increase efficiency.

Four Ways to Cut Hiring Costs with a Staffing Partner

Want to lower your staffing costs? Four ways strategic staffing can help you save money include:

1. Making Overtime a Thing of the Past: When you’re short-staffed, remaining employees are forced to pick up the slack by working through lunch, staying extra hours at night and even coming into the office on the weekend. Not only does this lead to burnout, overtime costs can become unmanageable very quickly. Hiring temporary staff to fill the gaps allows you to proceed with business as usual, without taking a hit to your budget.
2. Employing Talent Only When it’s Needed: Do you have employees on staff that you don’t really need on your permanent payroll? If you only require extra staff or a specialized skill set on an intermittent basis, partnering with a staffing firm allows you to only pay for talent when you need it. Don’t make your staffing budget any larger than necessary.
3. Reducing the Risk of Hiring Mistakes: Many candidates seem great on paper and interview well, but quickly prove themselves to be a bad choice when hired. Working with a staffing firm allows you to eliminate this risk by employing candidates on a temporary-to-hire basis, so you can take your time to determine if they’re a good fit.
4. Decreasing Training Costs: Training new employees is a costly endeavor. Not only does it take awhile before the new hire is comfortable working independently, it also decreases the productivity of all seasoned employees responsible for training. However, staffing firms work with candidates to provide all the necessary training prior to their first day on the job, so they’re ready to get to work from the start.

Need a little help managing the staffing budget for your Michiana company? Contact Wood Staffing. We offer temporary and temporary-to-hire staffing solutions that can help reduce your staffing costs to keep your budget manageable and efficient. Contact us today to learn more!