By Will Temby
Why has the U.S.staffing industry been growing again after losing 1.14 million jobs, or 37 percent of its work force, during the 2007-09 recession?
Flexibility: Workers want it, businesses need it and staffing firms provide it, according to Steven P. Bercham, vice president of the American Staffing Association.
Staffing firms give employers the opportunity to bring on employees quickly without incurring as much cost or risk associated with hiring permanent workers.
“Employers that have flexibility in adjusting labor requirements to meet product and service demands have a competitive edge over those with less flexible human resources policies,” the U.S. Department of Labor notes.
Companies can shift their focus from the arduous tasks of hiring, training, providing insurance and handling payroll to growing the company. Capital can be freed up and invested more profitably elsewhere in the business.
Payroll processing, in particular, can consume a considerable amount of time and money and constrict a business. The financial services provided by a staffing firm typically cost less than hiring an additional employee to handle this heavy burden.
Staffing firms have tax experts committed to accurately filing the necessary paperwork and staying up-to-date with constantly changing tax laws.
Apprentice Personnel takes on payroll administration for all temp workers it sends out. This includes managing payment of all payroll taxes, administering federal and state tax reporting, distributing weekly paychecks, preparing W-2 statements and providing general liability, bonding and workers’ compensation.
Small businesses, in particular, often outsource payroll because they simply don’t have anHRdepartment or dedicated staff to deal with sorting through a complicated array of state and federal legal obligations. During peak seasonal periods, direct payroll staff can concentrate on permanent employees and don’t have to feel overstretched.
The bottom line? Using a staffing firm can increase efficiency and really pay off for companies concerned with controlling their expenses and maintaining a quality team of professionals.
About the Author
Will has enjoyed a 20-year career in leadership positions in the hospitality and travel industry throughout the U.S. with the Hyatt, Sheraton, Hilton, Renaissance and Steamboat Ski and Resort corporations. Will received a Bachelor of Science degree from the University of Massachusetts at Amherst. From 2000-2007, he served as President and CEO of the Greater Colorado Springs Chamber of Commerce. He also served as Vice President-Special Projects for the University of Colorado Foundation from 2007 to 2009. Will is a past Chair of the Board of Directors of the National Homeland Defense Foundation and former member of the United States Chamber of Commerce Committee of 100. He is married to Nan, has five wonderful children, and enjoys coaching, traveling, hiking, golfing and skiing.