Bringing on new employees is a good thing when it’s the result of company growth and new projects. But there’s also risk involved with hiring new staff. Projects can get cancelled, leaving you with staff but no work for them. Or a new hire might simply not work out, leaving you with a painful, potentially expensive termination process and the costs of hiring a replacement. To mitigate these risks, companies should consider a contract-to-hire option.
Contract-to-hire provides companies the following benefits:
- Achieve strategic business goals. Contract-to-hire work lets you meet strategic business goals through flexibility. You can add and remove staff as departmental needs change. There’s none of the stress and hard feelings associated with shifting permanent employees to new roles or cutting their positions.
- You find out if a new hire works for you before you invest in them. Permanent employees incur costs beyond wages. These costs include unemployment insurance, company contributions to health insurance and 401(k) accounts, paid time off, and training. With a contract-to-hire employee, you don’t have to assume these costs until new employees have proved themselves and you know you want them to stay with you for the long term.
- Work gets done while you look for the ideal new hire. If you have work that needs to get done now, you may want someone who can start immediately even if you know they aren’t the best fit for the job. You don’t need to go through a long process of multiple interviews; you can speak to as few as two potential contract employees and simply pick between them. Contract-to-hire lets you bring in a worker with no long-term commitment and no costs to replace them once you find your ideal employee. It’s also possible the worker will surprise you and turn out to do a better job than you expected; you can then stop your search and easily convert them to a permanent employee.
Whether you want the flexibility of a contract-to-hire employee or are ready to make the commitment with a permanent position, InReach IT Solutions can help you find job candidates with the skills you’re looking for. Contact us to find out how we can help solve your hiring needs.