Traditionally, temporary employees were the fallback plan when full-timer workers were expected to miss an extended period of time because of an illness, a vacation or a long-term leave of absence. However, in the wake of the economic downturn of 2007, more businesses have discovered the benefits of filling the employment roster using temp agencies, rather than hiring more full-timers or even independent contractors.
A Tampa CPA at Reliance Consulting, LLC, can help a business owner determine whether hiring temporary employees is the right move. Not every business lends itself to the hiring of temporary employees, but owners of businesses that do use temps must understand the advantages and disadvantages. A Tampa CPA from Reliance can explain in detail the advantages of temp workers. These include:
- Potential savings on payroll costs
- Time saved when the temp agency handles recruiting and training
- A flexible commitment when work load fluctuates
- A ready-made pool of potential full-time employees
Your Tampa CPA from Reliance also will point out the potential disadvantages of hiring temporary employees. These include:
- Possible legal issues between the temporary employee and the hiring agency
- Potential morale problems with temps who resent not having the benefits of full-timers
- The job itself might require more skill than a temporary worker possesses
Contact a Tampa CPA at Reliance Consulting for a complete financial health checkup and to determine whether hiring temporary workers is the right move for your business.