3 Benefits of Hiring Temporary Staff During a Recession

Business owners definitely haven’t had their troubles to seek over the last few months. The UK’s future trading relationship with the EU is still up in the air meaning uncertainty for any business with an EU presence anywhere in their supply chain. This was then compounded by the small matter of a global pandemic, with many companies going into ‘cold storage’ during the summer months.

However, according to the latest Recruitment and Employment Confederation (REC) Jobs Recovery Tracker, the last 2 weeks of August saw an increase in the number of job roles advertised in the UK with 1.12 million posted in the final week of the month. The report states that employers are slightly more likely to take on temporary staff than permanent employees in the next three months, the first time this has been the case for more than 2 years.

With the signs of what is hopefully an economic recovery being seen across many areas of the UK, we look at 3 reasons for you to consider hiring temporary staff to help your business get back on its feet.

Flexibility – It might be that your order book sees an inconsistent increase rather than a steady rise. Hiring temporary staff allow you to respond quickly to potentially short-term change in demand. We can source temporary staff to see you through a busy period without you having the commitment of continuing their employment if things take a dip again.

Cost Effective – Contrary to popular belief, temporary staff can actually prove to be more cost effective than hiring permanent staff, especially if your requirement is short term. You will only be paying for the time worked by the worker. Additional costs, such as NI etc, are met by the employment agency.

Assessment of Suitability – Making a bad permanent hire can cost your business thousands. Wasted training, loss of morale and lost productivity make up some of those costs. The REC report, ‘Perfect match Making the right hire and the cost of getting it wrong’ states that 85 per cent of HR decision-makers admit their organisation has made a bad hire and that a poor hire at mid-manager level with a salary of £42,000 can cost a business more than £132,000. You could hire someone on a temporary basis initially to assess their suitability for the role before committing to a permanent contract.