You need skilled labor to get the job done. Our current skills gap makes finding the right people a major challenge. Fortunately, skilled trade industries have ways of finding qualified workers. Hiring the right people can help you to maintain your business’s cash flow.
Subcontractors
Sometimes the best solution is the most obvious: farm it out. By working with a subcontractor, hiring part-time labor is no longer your issue. The subcontractor has the responsibility to hire, to supervise and to pay the right people on your project while you focus on your business needs.
Typically, you pay the subcontractor monthly for its services. If you were to bring on your own staff, you would be responsible for weekly or biweekly payroll. The monthly scenario benefits you by keeping your funds collecting interest in the bank a bit longer.
Staffing Agency
Some agencies specialize in light and heavy industrial staffing. The agency assesses the candidates’ skill sets, verifies identity and covers workers’ compensation. Typically, it provides background checks and drug screens on workers, so you don’t have to worry about vetting.
Staffing agencies charge a fee for their services like subcontractors, plus they completely take over payroll and HR services for your workers. Since staffing agencies specialize in short-term placements, you have the option of replacing poor performers, extending team players or hiring on the best.
Educational Training Programs
Students prepare for skilled jobs through specialized programs at trade schools and community colleges. Since employment is the ultimate goal, these institutions have job fairs, career services or counselors which link students to opportunities.
Reach out to schools in your area to find students with up-to-date skill sets eager to get on the job and start their careers. Depending on your project, you may be able to fill certain roles with students in between terms who have yet to receive certifications.
How Part-Time Help Improves Cash Flow
Construction and other blue-collar projects typically involve dynamic cash flow streams. Entrepreneurs must balance the money coming in with on-going project expenses. You can reduce costs by hiring part-time help to manage overtime for regular staff.
Using a staffing agency or subcontractor will reduce your workload. Offloading the HR responsibility will save you time and money on hiring, workers’ compensation and payroll.
To get the job done, you rely on a core group of talented, efficient workers. However, when you are on a tight schedule, part-time staff can keep you on time and budget.