Overview Of Temp Staffing
The current times dictate that we optimize our expenses and reduce unnecessary spending. Does it make sense for organizations to bear the expenses of employees who are put on the ‘bench’? While it is always prudent to be adequately staffed to handle large projects at a short notice, there are other ways the organizations can opt for in such cases. It can reduce cost and efforts for the organization, it also ensures employees are not left dissatisfied due to prolonged periods of being on the bench.
We are talking about getting the help of temporary staffing agencies and on boarding temporary employees as and when a new project arises.
Advantages of Temp Staffing
There are many benefits of leveraging temporary staffing solutions
Maintain flexibility with employee contracts
Benefits need not be
Administrative overheads are
Why Temp Staffing Is Best
When you compare the cost, time and efforts involved in recruiting one employee with onboarding temporary employees through a staffing agency, there is a clear winner. Most of these hassles are efficiently handled by the agency so that the organization does not have to waste time.
All standard contractual procedures are drawn by the staffing agency in accordance with the terms of the organizations. Other responsibilities such as registering employees under ESIC and EPF schemes are also taken care of, apart from payroll and compliance norms.
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Delivering Exceptional Experiences
Paysquare is a professional staffing services firm that has over 17 years of experience in the field of payroll domain. Companies can outsource their demands to us and we provide them with the required number of employees on our payroll. Our employment terms are quite flexible and can be customized as per the needs of the organization. We take up the entire ownership of handling all HR formalities so that you don’t have to. An added advantage is that with our HR benefits, temporary employees gain almost the same benefits as permanent employees. It has proven to be an attractive option for these employees as well.
Frequently Asked Questions
What are staffing services?
Staffing service is defined as a service provided by an agency (staffing agency) wherein the staffing agency manages the employees hired by the client company and then deploys them to the client company. The client company does not have to go through the hassles of managing all the payroll and related HR benefits for these temporary employees.
Why do companies hire temporary employees?
Companies need to maintain optimal staffing levels depending upon the change in the number of projects they handle. For example, if there is a sudden demand for more employees to work on a project, then these temporary employees can be quickly supplemented to that project without wasting the time and efforts on recruitment.rnrnThis way staffing costs are reduced and current set of permanent employees need not be overworked to meet the demands of such projects. Also a long term view of the requirement of such resources may not be available, so it is best to hire them on contract terms.
Do temporary workers get benefits?
It differs from company to company. A majority of these companies do not provide benefits to temporary employees. It is also a challenge for them since the tenure of temporary employees may not be fixed and also need to be downsized when in case of an economic downturn. Financial implications of such changes can be quite high. When the staffing company like Paysquare manages these temporary employees, the benefits are managed by Paysquare.
What is the process of staffing?
The organization submits the requirement for number of employees to the temporary staffing agencyrnThe CTC break up is shared with the candidate and an offer letter is issuedrnOnboarding process involves collecting document, checking for references and issuing an appointment letterrnActual employment is initiated wherein payroll, statutory compliances and leaves are managed by the temporary staffing agencyrnAt the time of completion, the exit process is handled by the agency that involves handover of tasks, full and final calculations and finally providing the relieving letter.
What Is Temp Staffing?
Contract staffing or temporary staffing is a term that stands for an outsourcing agency that manages temporary employees for an organization. These employees continue to work in the organization as a normal (permanent) employee but they are on the payroll of the temp staffing company, unlike a permanent employees. Other compliances and HR benefits are also managed by this staffing agency on behalf of the organization.rnrnWhen organizations outsource their staffing needs to such temporary staffing agencies, they do not have to worry about managing the administrative overheads of these temporary employees. They can completely focus on leveraging their core strengths and determine ways to best meet their goals and objectives.
What percentage does a temp agency take?
This depends on the temporary staffing agency’s contract with the client. If the number of employees is high then the percentage can be slightly lower. This percentage varies according to the location and other factors such as employee seniority or skill set.
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