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Managing Personnel Demands with a Contract Workforce

December 30th, 2011

As the economy continues to struggle to recover, many companies have turned to the services of quality staffing agencies and independent sources for contract workers. Traditionally, when the economy sinks, the use of contract labor goes up. But instead of being viewed as ‘temps’ today, many businesses are viewing a contingent workforce as meeting an important role – helping to keep up with the demands of changing industries and work demands. This can be especially critical during periods of workforce reductions, limited budgets, hiring freezes and other situations that frequently arise.

A ready supply of contract workers allows a company to supplement existing staff during times when there are higher levels of production or for seasonal demands. Contract employees can bring a wide array of backgrounds, skills, and knowledge that can actually enhance operations. Many contract workers have worked in specialized roles and in a variety of industries, and very often have additional credentials, which can make them valuable additions to any team.

In a recent Contingent Labor Management study conducted by Aberdeen Group in 2011, looked at over 300 organizations that had used a contract workforce to improve productivity. Of these organizations, 22.5% of their workforce was on contract basis. This leads to the understanding that a good many leading organizations understand the value of a contract workforce as a whole. Instead of viewing a contract workforce as a temporary solution, many organizations have switched to using contractors on an ongoing basis to meet project and production demands.

If your company is struggling to keep up with the challenges of an ever-changing economy, as we go into the upcoming elections cycle, it makes good business sense to consider the use of a contract workforce. Instead of worrying about the costs and time of recruiting, screening and training employees, only to have to let people go when the economy sours – a contract workforce may be the right solution for your business?

Learn more about the benefits of a contract workforce by talking to the professionals at Concorde Personnel today.

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