Staffing is perhaps one of the most tricky aspects to navigate in when running a business, even more when you are trying to manage a construction project on top of it all. Any individual with an inkling on what goes into successful recruitment will know just how costly it is. Working with a labour recruitment agency is a smart way to lessen these costs, but are the benefits of working with an agency limited to saving on financial costs?
Recruiting and getting new people on board can be costly to the company in more ways than one. For instance, you will have to spend directly (through marketing and advertising efforts) and indirectly (resource and time allocation). You can also incur costs for the short-term (compliance to training requirements) and long-term (bad hires).
Collaborating with recruitment agencies like Labor Solutions can be an effective way for companies to maximize their investments in the recruiting and hiring processes. Labour hire agencies offer several cost-reducing or cost-saving measures over in-house efforts.
Though working with a labour recruitment agency is not the be all and end all solution to recruitment problems, it does have significant effects on the costs that were mentioned above. In this article, you will learn just how cost-effective working with labour recruitment agencies can be.
Cut Costs on Advertising
Perhaps one of the most expensive aspects of the whole recruitment process is the part where you have to advertise your vacancies. Advertising and marketing take up almost a third of the overall recruitment budget, especially if you are still a new developer with little clout.
With recruitment agencies, you don’t have to go into all that trouble anymore. Established labour hire agencies will most likely already have a database of labour workers. These pools of pre-identified potential candidates will contain their resumes with all their contact info. All they need is to make a phone call and set up an interview before they present these candidates to you. No need for costly and time-consuming advertising.
If there ever is a need to advertise, some recruitment agencies already have their own channels to get the word out there. Through their strong links within the industry, they will find the right people for your project in no time. Speaking of which, working with recruitment agencies will also significantly reduce recruitment time which brings us to the next point.
Reduce Recruitment Time
Labour hire agencies specialise in one thing—recruiting the right people. This specialisation gives them the focus to deliver on schedule. They have set up systems that allow them to have targeted search efforts. As a result, these targeted search efforts can identify the top candidates in a shorter period.
If you ever find yourself in urgent need of people, you can rely on credible recruitment agencies to fill those openings faster and help maintain desired productivity levels. Don’t suffer from the costs of having to resort to downtimes due to lack of manpower, both in time and money.
Facilitation of Fundamental Training
Many recruitment agencies offer health and safety trainings, as well as skills enhancement courses to ensure that all of their candidates have all the necessary skills needed to do well in the job. They can also alleviate most of the start-up training costs that are fundamental for new hires.
Reduce Attrition Rates
Bad hires are perhaps a recruiter’s worst nightmare. Getting people on board is costly enough. These new hires turning out to be bad hires would be very costly. Not only do you lose time and resources on fixing their faults, they can also cause downtimes if they decide to not show up for work without notice or decide to steal construction tools during their shift.
You can avoid this mishap by working with a labour recruitment agency that took the time to check the backgrounds of their candidates. They have already laid this groundwork before they even engage with their clients, they almost never do that empty-handed.
With this, you can minimize high or unwanted costs of termination and repeated recruitment. Additionally, high retention rates will also have a positive impact on maintaining productivity or contribution levels.
Flexible Workforce Management
Labour hire agencies also offer you greater flexibility in managing your workforce. This means that you have full control on how long you want to keep your workers and how many you intend to keep for that certain duration. For instance, you can choose to end the contract during off-peak seasons and have them come back during the times when you have high demand for workers.
This flexibility will allow you to have the most skilled people on the ground and ready to work for your next big project without the risk of being overstaffed. This also lessens the hassle that comes into terminating the contract of your own employees. Again, this is a move that saves you both time and money.
One Fixed Price
Labour hire agencies will quote you a standard hourly rate when you decide to hire their workers. The quote is inclusive of the insurances and taxes. Here at Labor Solutions, we even offer payroll management services, so you don’t have to go through the additional paperwork and other time-intensive tasks associated with accounting for payroll.
With this fixed rate, you will also have an easier time creating budget forecasts or quote on a large project. In project developments, time and budget are perhaps the two things that can dictate the success of your project. But one overlooked aspect in the formula are high-quality labourers who have the skills and accreditation to get the job done. Today, you can hire quality workers at a fixed rate, so why not explore this new opportunity?
You may want to read this article, How to Choose the Right Labour Hire Agency to Work With.
Experience Seamless and Cost-Effective Systems with Labor Solutions
Labor Solutions is a labour recruitment agency that caters to both commercial and residential developers and other construction partners. We provide cost-effective services that range from strategic labour hire to smart payroll management. All these services are designed to optimise productivity without racking up expenses and other costs. Work with Labor Solutions today for smart and effective labour hire services.
Get in touch with us through 0410 417 151 or you may also send an email to info@laborsolutions.com.au. We look forward to working with you.