In today's competitive environment, more and more companies are turning to daily-rate contractors to meet their objectives instead of recruiting permanent employees. Some companies shy away from this, as they are unaware of the simplicity and ease of how quickly a contractor can be onboarded.
Contractors can provide several benefits to companies, including:
- Cost savings: Hiring a contractor can be more cost-effective for a company than hiring a full-time employee, as they do not have to provide benefits, pay employment taxes such as Employers PRSI or pay recruitment fees. Contractors only get paid for days worked – No sick pay (which is now 3 days statutory pay) or holiday pay.
- Expertise: Contractors bring specific expertise for projects and up-skill current workforce. Hiring a contractor can bring in a fresh perspective and new ideas to solve problems or complete projects. The expectation around contractors is that they will hit the ground running.
- Reduced risk: Hiring a contractor can reduce the risk of hiring the wrong full-time employee. Companies can evaluate the contractor's performance on a project-by-project basis before deciding whether to bring them on full-time. Its not uncommon for an organisation to use the contract as the probation period.
- Flexibility: Contractors can be hired on a short-term or project-specific basis, providing companies with flexibility in their staffing needs. Contractors tend to be project and delivery focused. This is particularly useful for IT projects that require specialized skills that may not be needed on an ongoing basis.
- Time savings: Contractors can be brought in quickly and easily, without the lengthy recruitment process involved in hiring a full-time employee. This can save the company a lot of time and the contractor can make an immediate impact on the team/project.
- Scalability: As the company's needs change, contractors can be brought in as necessary. This makes it easier for companies to scale their IT operations up or down as needed.
- Overall, contractors can provide several benefits to companies, particularly for short-term or project-specific needs.
To learn more about what we can do for you when it comes to Contract (or full time) hiring, get in touch!
By Brian Barron | brian.barron@realtime.jobs
Infrastructure and Support Recruitment Consultant at Realtime Recruitment
1yGreat tips Brian!