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3 Ways Contingent Workers Can Help Your Business Through COVID-19

    Home Blog 3 Ways Contingent Workers Can Help Your Business Through COVID-19
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    3 Ways Contingent Workers Can Help Your Business Through COVID-19

    By admin | Blog, Build Your Team | Comments are Closed | 22 May, 2020 | 2

    Right now, your staffing roster may not be set in stone. You might have a mix of full-time and part-time workers, or maybe even employees laid off or furloughed due to the current COVID-19 pandemic. If your business needs are unpredictable, your staffing situation likely is as well.

    According to research from USA Today, expanded use of contingent workers is one of the human resources trends that will impact the future of work following the pandemic.

    Contingent or demand-based workers may be the game-changer you didn’t know you needed. If creating your staffing plan seems overwhelming, simply reach out to your Malone recruiter to customize a plan based on your current needs.  Here we explore what you have to gain by changing your business model to include contingent workers.

    HANDLE A HIGHER VOLUME OF WORK WITH EASE

    The COVID-19 pandemic has resulted in many businesses receiving an unpredictable volume of work. Essential businesses have been scrambling to find staff and non-essential businesses have been hanging by a thread.

    Whether you’re an essential business still operating or coming up on your return to business strategy, things may get pretty hectic at your company. You need all hands-on deck, but even that isn’t enough to avoid long hours and missed opportunities.

    Contingent talent makes this a non-issue because they can step right in and fill the gaps. Stop sweating big orders — or turning business away — and take on as many people as necessary to keep things running smoothly.

    CUT PAYROLL COSTS

    A study done by Gartner® Inc. found that 32% of companies are replacing full-time employee with contingent workers as a cost-effective manner in meeting demand and reducing costs. Whether your employees are full or part time, adding additional contingent workers may be a huge benefit to your business.

    If you have cut staff and are asking a few non-exempt employees to work more than 40 hours per week to keep your business running, you are incurring extra wages by paying them overtime. If this becomes a habit, payroll expenses will seriously cut into your profits.

    Avoid this by hiring contingent staffers to handle the overflow. Instead of having to pay time and a half, you’ll reduce your overtime wages with everyone’s standard wages.

    ADJUST STAFFING LEVELS AS NEEDED

    Adding contingent employees into the mix allows you to be fully staffed at any time. Since business needs are ever changing, this is the only way to avoid periods of being overstaffed or understaffed. Having the right number of employees on board at all times is great for business because you’re able to reach peak productivity, without spending more on staffing than necessary.

    If your company needs demand based or temporary workers, Malone Workforce Solutions is here to assist. Contact us today to learn more about how we can help you with your staffing needs.

    Source: Gartner® Inc.

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