In-house VS On-Demand Staffing
When you are a business owner or an entrepreneur, then you know what it means to be busy. The success of every company lies in the efficiency of its process and ability to enable human capital to complete their work. Whether a start-up or a mid-size firm, there will always be endless projects that need to be completed and deadlines to be met.
Our initial thought during times like these is to ensure we have the right team in place. Given the current market conditions, we are always choosing between hiring in-house talent or getting external help who are experts in their field.
Technology in this age has transformed the business processes. Almost every function of the business can now be done by external professionals. What would you do if you found yourself in this dilemma of choosing whether to hire professions externally only as needed or hire the talent full time internally?
Let’s take the Salesforce Administration as an example. For larger companies it would make sense to have an in-house person for this role, however, not every organization requires a full-time Salesforce Administrator on staff. The decision to go the on-demand staffing model can be a tactical and strategic choice, and for this to be a success you must understand why, when and how this is the best approach for your organization – and what does it take to make this work?
Let us first take a look at one of the factors, and probably the biggest deal breaker, shall we?
The Expense of a Full-Time Employee
As we all know, hiring a full-time employee, in general, can be extremely expensive (and time-consuming!). According to the research made by the Reliable Group, it takes 59 days on an average for a US company to hire a developer and costs roughly $23 on hiring per new hire (recruiting, time spent interviewing, time and cost to onboard).
But it doesn’t stop there!
Training and development is an integral part of any employees. In an ideal world, you would just put your new hire behind their desk and leave them trying to figure things out on their own. Unfortunately, even the smartest person needs a helping hand to get started. In the 2018 State Industry Report made by the Association for Talent Development, U.S. businesses spend $1,296 per employee on learning, and this goes up between 1 and 3 percent per year.
On top of these, U.S. employers are mandated to pay a large amount of payroll taxes, Social Security, and Medicare taxes.
According to Glassdoor, the average company in the U.S. spends about $4,000 to hire a new employee, taking up to 52 days to fill a position. If you’re replacing someone, that is another story. Based on research made by the Society of Human Resources Management (SHRM) states that it takes up to 50-60% of an employee’s annual salary to find a direct replacement. Turnover can be quite costly, summing up to a total of 90-200% of an employee’s annual salary.
How can we reduce the cost of hiring?
That’s when on-demand staffing comes into place. Research shows that on-demand staffing can save businesses 60-70% on cost. Lower salaries are only part of it.
Why On-Demand Staffing? What are the Benefits of Engaging with a Salesforce Implementation Partner like Reliable Group?
Before you make that final decision and commit to an on-demand staffing partner, make sure to gather reference or other intel and check their customer base. Learn everything about their tools and methodology and understand their process. With Reliable Group, our partner clients find more value in the way we build the teams, the people we provide, and the constant engagement that we offer.
Here are the top reasons why you should outsource your Salesforce Administration AND why you should engage with Reliable Group as your trusted Salesforce Implementation Partner:
- Expertise – Salesforce Partners are professionals in this field and are well-versed in implementing Salesforce. Reliable Group has been in the business long enough that we have worked on a number of implementation projects and fully understands the challenges and solutions. Not only that you get the best practice and knowledge, but you can also take full advantage of what we can offer to fully optimize your business.
- Improve Company Focus – Through On-Demand Staffing, any business owner and its employees can focus on other core areas of your business knowing that your Salesforce is well taken care of. With Reliable Group, not only that we provide you with the best resources for your team based on your technical expertise and culture fit, but we also integrate our team as an extension of your IT Team through our Account Manager.
- Cost Effectiveness – The time spent to complete the process and the hiring expenditures to find that one person poses more intangible costs that you can ever think of. When you engage with Reliable Group, we handle everything from talent assessment, onboarding, and continuous improvement.
How to Avoid Failed On-Demand Staffing with Relationship Management
Ongoing management of the relationship is very important. Senior Management must stay involved during the implementation of the contract. There should be a clearly defined escalation procedure. Reliable Group’s process and the level of communication have been proven and tested, making sure that nothing slips between the cracks.
In conclusion, working alongside specialized professionals both internally or externally gives the most value in any business. On-demand Staffing can be a catalyst for business growth and an experienced partner like Reliable Group can give you the best practices and the key metrics you should be measuring, and how to effectively manage the process.
Would you like to know how Reliable Group can help you find the right On-Demand Staffing solution for your business?