Press Releases
Benefits of Using Temporary Employees
(October 6, 2004) - More than half of businesses use temporary labor during unexpected increases in demand for their products and services or rely on temporary staff to fill in for absent employees who are on vacation, or on family and medical leave.
12% of businesses cited the savings on wage and benefit costs as a reason they use temporary employees, perhaps unaware of the considerable savings they are receiving.
There are in fact several additional benefits of temporary workers:
Reduction in Benefit Costs:
Given the rising cost of benefits, currently estimated conservatively at 36%, and the fact that workers comp and disability is on an upward trajectory, the hourly cost for a temporary worker is substantially below that of full time workers of comparable skill level.
Reduction in Training Costs:
Using temporary employees eliminates these costs and need for employee training by hiring credentialed professionals who have been trained by their staffing firm.
Reduction in Administrative Costs:
When a business uses their temporary staff, staffing firms absorb the costs of payroll/benefits processing and administration associated with regular employees.
Eliminate Costly Hiring Mistakes:
Using temporary employees eliminates the costs of mistakes in hiring and using marginally productive workers because employers get temporary professionals with the right skills and the best personality for the job.
Improved Productivity:
Finally, the most important benefit of using temporary employees is their superior organizational productivity. Above all, a well selected staffing service will screen, train and place an individual with the right skill sets and behavioral traits on the right jobs. They arrive ready to work, focused on doing the job and meeting project goals.
Sources:
- "Cost of Insurance for Work Injuries Soars Across U.S." The New York Times, June 23, 2003
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