3 Ways to Supplement Your Workforce without Hiring Staff

3 Ways to Supplement Your Workforce without Hiring Staff

Wages are often a company’s largest expense, but it isn’t just the direct financial cost of a workforce that can be a burden for businesses. The time and resources it takes to recruit employees, register with relevant tax authorities and manage payroll and HR functions can use up an inordinate amount of a company’s budget. Fortunately, there are other options out there. To learn more, take a look at these three ways to supplement your workforce without hiring staff:

1. Work with Freelancers

The gig economy has seen more and more people combine freelance work with their regular job role. This means that millions of professionals are now offering their services to companies on an ad hoc basis. If you need an experienced marketer to devise a new strategy for your online promotions, for example, you could hire a freelancer on a one-off contract. Alternatively, you might build long-term relationships with freelancers and use them for regular assignments.

With the flexibility to hire freelancers as and when you need their services, you can supplement your core workforce without having to hire permanent staff. What’s more – small business can even avoid becoming employers by relying on freelancers instead of in-house staff.

2. Use B2B Service Providers

There are many companies that specialize in providing other businesses with the services and support they need to flourish. Often known as B2B service providers, these companies can be invaluable to businesses who are reluctant to hire additional in-house employees.

Instead of hiring an entire IT department to manage your IT network, functionality and security, for example, you could outsource your needs to an IT managed service company. This allows you to access a wide range of expertise at a reduced cost and also enables you to avoid the bureaucracy that’s often associated with hiring full-time staff.

3. Consider Co-employment

If you want to hire a workforce but are concerned about managing employees and undertaking HR functions, co-employment could be the perfect solution. Instead of hiring employees directly, a co-employment arrangement means you’ll use a professional employer organization (PEO) to be the workers’ legal employer but still retain the ability to arrange the teams’ day-to-day activities.

Essentially, co-employment allows businesses to benefit from having a permanent workforce without the burdens that are often associated with hiring and managing staff. To find out if co-employment could be the right solution for your business, take a look at this article explaining what is a PEO and how do PEO arrangements work?

Accessing the Skills and Expertise Your Company Needs

The world of work is changing rapidly, and permanent contracts are no longer the only way to access the skills and expertise your company needs. As workers continue to place increasing value on flexibility and autonomy, the rising number of freelancers and subcontractors gives businesses greater choice when it comes to accessing talent. This, combined with modern employment arrangements, gives companies access to numerous, cost-effective ways to build a unique and productive workforce.

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