When is it the Right Time to Consider Project-Based Staffing?
Businesses have a lot riding on the success of their employees, including the ability to fulfill orders and attract new clients. This means that their success is often dependent on staff (or even freelancers) improving productivity.
Now more than ever, businesses must think outside of the box as far as their staffing strategy. With that in mind, it’s worth considering the benefits of project-based staffing, and knowing when it’s the right move for your business.
Part of the reason that some companies are moving towards project-based staffing is to attract and retain the best workers. That way, they can also do more with less. But what makes this unique compared to hiring full-time employees?
What is Project-Based Staffing?
Project-based staffing is simply the process of hiring workers for a project, project engagement, or short-term engagement. Unlike traditional, full-time hires that come with many benefits, a PBA (or project-based assignment) has a specific start and end date.
This keeps both the client and the freelancer focused on one goal at a time rather than trying to achieve multiple goals like the traditional full-time gig. On that note, what makes project-based staffing a strategy worth exploring?
- Save money by cutting out the benefits packages, without compromising the quality of the team’s output;
- Push your project forward with the fresh perspective a new team brings;
- Boost your productivity by introducing a new team with a wide range of skills;
- Build your pool of talents, so you can expand your network and have potential candidates for your future hiring needs;
- Pay for your current needs, without wasting resources;
When is it the Right Time to Consider Project-Based Staffing?
1. Go for Project-Based Staffing if You Have a Project Coming Up, But Lack the Manpower for it
Hiring full-time talent can prove challenging, especially when you don’t have the time to put in the effort to recruit the best people. If a project is coming up, but you aren’t sure you have the manpower to tackle it, a PBA can be a great solution.
This way, you can fill the gap and get some fresh blood on your team. It’s ideal for businesses like production agencies, startups, and other companies that can’t afford to take hits on their profits.
2. Go for Project-Based Staffing if You Need to Scale Your Business Fast
Hiring a new employee is a long and costly process. You have to conduct interviews, attend interviews, get security clearances, process paperwork, and more.
At the end of the day, they might not even be the best fit for the position. However, a freelancer is a lot easier to hire, specifically because you can hire them for a longer period. If you need to scale your business fast, this is a great solution for you.
In the world of business, timing is everything. Project-based staffing can help you achieve your goals when you don’t have the time to do it the traditional way. If you’ve got a project coming up and you want to maintain your profits, this is a viable solution.
3. Go for Project-Based Staffing if You Need a Completely New Skill Set
This is important for a number of reasons. If you want to diversify your pool of talents, bring in new peripheral workers or even snag workers that are already established, this is a great way to achieve this goal.
Moreover, you can use project-based staffing to fill in positions that you don’t have in your company. For example, maybe you can’t locate the right graphic designer to help you with a logo. If that’s the case, you can hire a freelancer in that field to work on your project.
The Bottom Line: Exploring the Wonders of Project-Based Staffing
The whole point of project-based staffing is to avoid the headaches that come with hiring full-time employees. That way, you can focus on your business and your core competencies. If you don’t have time to deal with the hiring process, or if you have the need to find a new skill set, project-based staffing is an excellent way to fill in the gap.
How Can We Help Bridge the Gap in Your Recruitment Process?
Applicants come and go, but our IT staffing agency in Chicago, IL, can help offer technical recruiting solutions to help start-ups and fortune companies find the perfect talents that suit your business. Get in touch with us today at (1-833-877-8253) to see how you can expand with Technical Paradigm!