In today’s competitive job market, the demand for talent in specialist tech areas is soaring. Companies looking to hire often find themselves paying a premium for quality talent. This situation has led to a surge in candidates seeking contract work due to the flexibility and attractive day rates. Companies struggling to hire permanent staff face extended recruitment processes that can negatively impact their business. So, the question is How long are you prepared to wait and how much does this waiting cost your business?
Why you should hire a contractor
Flexibility in Job Roles:
When you hire a contractor, you gain flexibility in the roles you can offer.
You can easily adjust the role you initially advertised, even considering hiring a junior on a short-term basis to keep project moving.
Quick Onboarding and Productivity:
Contractors hit the ground running without the need for extensive onboarding.
They are driven to start delivering results from day one, minimizing downtime.
Efficient Recruitment Process:
Hiring a contractor streamlines the recruitment process, reducing paperwork and risks.
It eliminates the need for the traditional 3-stage recruitment process, allowing you to have a new team member starting within a week.
Short Notice Period:
It’s not unheard of for a candidate to have a 3 month notice period. Are you prepared to put goals on hold for a whole quarter? A contractor is flexible and is more likely than not eager to start.
Improved Cash Flow:
Worried about cash flow? Hiring a contractor means you only receive an invoice after a month of work.
You then have 30 days to pay the invoice, providing you with a 2-month breathing space.
Contractors are highly motivated to complete tasks efficiently.
Their reputation and personal business success depend on delivery quality work quickly.
Considering all the costs involved when hiring a permanent staff member, such as expenses, holiday pay and sick pay, hiring a day rate contractor may not be as different in cost as initially thought. The next time you struggle to find a permanent member of staff, consider trying something different and hiring a contractor. You’ll likely be pleasantly surprised.