Engaging contract Talent can offer companies a great Value Proposition. With higher unemployment there is a fantastic contract talent pool to leverage that in a tight market we would not be able to enjoy. Using contract staff strategically by building it into your Talent Management strategy offers you a greater ability to cope with fluctuating business demands.
Engaging contract Talent can offer companies a great Value Proposition. With higher unemployment there is a fantastic contract talent pool to leverage that in a tight market we would not be able to enjoy.
Contract staff can provide strategic and tactical benefits to ongoing projects. Taking on new projects can be daunting and a drain on your full time resources. Contract staff can ease the pressure from the team and offer you skills and expertise that you may not have in your existing team. Often these contractors can hit the ground running and offer you and your project fresh legs.
Often there is a huge learning curve for teams when new projects take place. Contractors allow you to add skills sets to the project that may be lacking and can provide a much needed knowledge transfer to your full time employees.
Having the flexibility to add or reduce resources enhances your capacity to undertake special projects with greater confidence. Sometimes bringing on short-term contract staff can be the difference between success and failure in a project and the contractor enjoys a great reference from you to take to their next project. This is a win-win for everyone.
Contract staff also allow for the capability to focus on the core business. If you hire a specialist with the skills sets required to execute the project you can relax and do the other parts of the business the need attention. Everyone wins.
Using contract staff strategically by building it into your Talent Management strategy offers you a greater ability to cope with fluctuating business demands. Salaries are one of the biggest line items on our balance sheets. The Top 500 companies all use contract staff for this reason: it saves them money and helps boost the bottom line. It is just important that you plan properly for this strategy to provide maximum ROI.
Contract staff may also be required to cover long term sick or maternity leaves. Leaving positions open can cost the company financially and in production. A sick leave or maternity leave can be a great way to inject a new perspective into a role. Using a contract employee can help the team from the burden of open positions, which also better for morale. It also allows you to bring in a potentially some different skills sets to enhance the role or to provide a knowledge transfer to the existing team. These situations are a great chance to test candidates for full time potential and it is also a great way to stretch an existing employee into a more challenging role while backfilling their position.
