Companies hire their employees using two different methods, direct hire and contract-to-hire. Some companies use a mix of both, while others use one method or the other to bring in new employees. In most cases, the company will need to decide what type of hire is right for them at their time of need. In today’s post, we will discuss whether or not contract-to-hire is the right staffing solution for your company.
The Benefits of Contract-to-Hire Staffing Solutions
Some of the most basic benefits of using contract-to-hire as a way to staff your company are as follows:
- Any open positions or rush projects at your company are filled in a timely manner when using contract-to-hire.
- If hiring does not occur, the company is not on the hook for unemployment costs or benefit payments.
- Ability to create a flexible length of contract for the employee.
- Both the employee and the employer can determine if the fit is right for them before the hire is made.
One of the most important benefits of using contract-to-hire as a staffing solution is that companies save money on employment costs and time if the candidate does not work out in the end or if the work for the company slows down and layoffs need to occur.
Process of Contract-to-Hire
The process of a contract-to-hire situation should look a little like the following:
- Engage with candidates.
- Discuss the company’s expectations and those of the candidates.
- Choose at least two candidates to have a second round of interviews.
- Conduct interviews.
- Make a selection and extend an offer.
- Set a start date.
- Perform satisfaction checks at least every two weeks.
- Make the final decision as to hire or not hire within 90-180 days.
If you’re unsure what staffing solution is the best option for your company, reach out to the experienced recruiters at Halpin today. Our team can help you weight the costs and benefits of various solutions compared to your needs and help you create the best staffing strategy for your company in both the short- and long-term.