Businesses are always in the process of seeking new ways to increase productivity, cut costs, and be more efficient. As technology continues to play a larger and larger role in business operations, companies can sometimes find it difficult to achieve the necessary and expected productivity while also keeping costs low. In order for organizations to remain relevant in their respective industries, they are forced to keep up with the ever-changing and evolving technologies required to stay competitive.
This necessity to grasp emerging technologies presents a certain dilemma for businesses trying to balance cost savings while also trying to stay competitive in their industries. Organizations must have the resources necessary to fund technological upgrades, but in turn must look for other areas to cut costs.
One of the main areas businesses can look for cost savings while implementing new technologies is employment. Recruiting and hiring the necessary individuals to fill all necessary technology based positions can be a task requiring significant time and resources. To limit these significant time and resource commitments, organizations have the ability to defer these recruiting efforts to specialized third party information technology staffing companies.
By allowing IT staffing companies to handle all recruiting efforts for technology based positions, organizations are able to focus on other areas to improve their business. Companies are able to benefit in many ways by using an IT staffing organization, but there are 4 areas that companies benefit most.
1) Cost Savings
Hiring full time employees can be a process requiring significant time and resource commitments. Generally, hiring IT professionals will require even more resource commitment than other positions. According to the Society for Human Resource Management, recruiting cost per hire for an IT professional is between $9,777 and $19,219.
In addition to recruiting costs, employers also must pay benefit to those full-time employees. The Bureau of Labor Statistics estimates the average employer cost of benefits to be around 30% of wages. By utilizing the efforts of IT staffing companies, organizations are able to avoid these steep hiring and benefit costs.
2) Better Return on Investment
IT staffing companies can help organizations achieve better return on investment for their employment commitments. Since organizations aren’t required to commit significant resources when initially hiring employees, they are usually able to obtain a greater return on their employment investment. If working with an IT staffing company, organizations are only required to pay for time worked by the employee. This provides a major benefit to employers due to the ability to directly see where their investment is going, and are able to see direct, tangible results of that investment.
3) Try Before You Buy
Probably the largest draw of using IT staffing organizations is the ability to try an employee before hiring them as a full time member of the organization. Since there are no initial investments such as recruiting costs or benefits, organizations can have peace of mind in the case that an employee doesn’t work out.
4) Faster Placement Time
A big draw for IT staffing companies is their ability to fill positions quickly with highly qualified candidates. Often times searching to fill technology based positions can be very difficult and time consuming for individuals not experienced in the methods and terminology associated with the industry. Utilizing the skills and experience of a technical recruiter gives organizations the ability to hire highly qualified employees in the shortest amount of time.
Want to learn more about how using an IT staffing company can help your business? Download our free whitepaper below!