As every staffing professional knows, the real cost of hiring an employee is much more than the hourly wage. In fact, when you add in statutory costs, benefits, and other expenses, the total cost of an employee ranges from 40% to 100% more than the payroll costs.
But do your clients understand this?
If you're looking to make a compelling case to your clients about the value of your services, check out this except from a article on StaffingWorks (a website offering free content staffing firms can use in their marketing).
When you compare the true hourly cost of a temporary employee against an in-house employee, the costs are less than 5% apart. But with a temporary, there are cost savings you just can’t get with a full-time employee. For example:
- Less idle time. Temporary employees only work when you need them, so you don’t pay for hours you don’t need.
- Less non-productive time. Statistics show that full-time employees spend as much as 25% of their work day on non-productive activities like meetings, water cooler talk and surfing the web. Temporary employees have fewer distractions and as a result lose far less of their work hours. When you factor in the inherent productivity costs associated with full-time employees, temporary workers will cost you 25-30% less to get the same work done!
To download this full article, please visit http://staffingworks.haleymarketing.com.