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4 Benefits of Hiring Contractors
There are a number of benefits to hiring contractors as opposed to permanent employees, ranging from the flexibility it allows, to budgeting. We have been working with a variety of clients to help them attract the best contractors to their business for over 20 years. With the introduction of IR35 private sector reforms in 2020 it is essential that you hire workers that fall out of IR35 scope in order for them legally to be to work through an agency
If you need advice on whether your workforce will fall in or out of IR35 scope when the new changes are introduced, please contact Lewis Trow who will be happy to help: email@example.com
Using our experience we have compiled a list of the top benefits of hiring contractors below:
Flexibility is perhaps the most noted benefit of hiring contractors over full time, permanent staff. When there is a temporary requirement for a given skill, a specialist can be brought in until the job is completed, rather than having to employ a permanent member of staff past the time of the requirement for the specific skill. Flexibility can be essential when completing a project such as building a new facility, laying new pipelines, or setting up a new technical system. Once the job is completed then the role is no longer required.
When hiring an employee, there are more costs than just hourly or daily rates to consider. Other costs that need to be considered include office or floor space, equipment needed to complete the job at hand, insurance costs and employment benefits. With a contractor, these costs can be budgeted for, or allocated to a project. Often a contractor can supply their own equipment, organise their own insurances and forego benefits and holidays, although a contractor, especially within the engineering sector, will be more costly than a permanent employee. In the long term, contractors can allow you to have the workforce you need for a project, scaling up, then switch off the requirement and save costs when the job scales down.
Reduced Training and On-boarding Costs
When looking to hire a contractor, the candidates that you are selecting from are likely to be skilled workers with years of experience that can be brought straight in to work on a project. With a permanent employee, there may be the chance to mould them to fit within your workplace and its culture, but along with this comes the expense of training the employee. A lengthy onboarding process is often required with employees who are brought in to work with the company on a permanent basis, and it is important that they buy into the business ethos. All of this consumes perhaps the most valuable resource; time. A contractor predominantly works unsupervised, so although they might be initially more expensive, in the long run they can save money on a long term hierarchy.
Particularly true if hiring through an agency, contractors are pre-checked, meaning that they are already tested to meet the requirement, ready to hit the ground running. Be tactful, but also aware that these employees don’t need the same familiarisation with the workforce that a permanent employee would. Contractors can be introduced to team members and put through some of the formalities of new permanent starters, but they are there first and foremost to complete the job at hand and probably want to get on with that as soon as possible.
If you have a need for a contract based employees, or want to discuss your requirements with one of our team, give us a call on 01925 907000 or email firstname.lastname@example.org and we’ll be happy to help you.
For more articles, blogs and information to help improve your candidate attraction, browse our Client Information Hub.
“We have required a number of Quality Assurance/Quality Control candidates within the Nuclear Industry. Since early 2016 First Recruitment Group have provided a number of QA/QC professionals in locations across the UK.
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“I have worked with First Recruitment Group as my partner of choice across a number of large and challenging Oil & Gas projects internationally over recent years.
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"I have had the pleasure of working with First Recruitment Group over recent years and we have formed a great working relationship. Their understanding of our exacting requirements is outstanding.
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"Sarah, our Account Manager, is an incisive thinker as well as hardworking, diligent and reliable and has an extremely helpful and flexible approach to her work. This reflects in her team and with their ability to communicate at all levels in an honest and trusted consultative manner and gives us great faith in their ability to identify candidates who can help us to drive forward and achieve our business goals.
"I have no hesitation in recommending First as a recruitment partner and feel they would be worthy of selection for any engineering or manufacturing business looking for an intelligent and innovative solution."
“There is nothing negative about the service that we’ve received from First. Without fail they have produced positive feedback. The fact that they have placed a diverse range of skills from PA's to Engineers, just goes to show that they have the core skills, intelligence, and initiative that make them great recruiters, and preferred partners.”
"It’s great to work with a recruitment agency we trust. The team at First Recruitment Group are friendly and straight talking and they continue to provide an excellent service. We’re proud to still be working with them after 20 years."
Simon Carves Engineering Ltd