Contract Staffing Services can be defined as those services that involve a “co-employment” relationship where a contractor supplies staff to a third party for a specific function and time period on a specified hourly rates. Contract staffing resolves the issue of the need for project specific services that are short term in nature requiring highly specialized skills and the client benefiting through infusion of latest technical abilities. The main function of contract staffing services is to focus on extending staff augmentation capabilities in specified areas that may extend to any business areas as Information Technology, Manufacturing, Construction, Capital Goods, Banking/Finance, Hospitality, Healthcare sectors etc.
Contract staffing services is also known by other names such as temporary staffing services, staff augmentation services, contingent labor and consulting. The need for the requirement of contract staffing arises due to many factors that include business growth, demand cycles, mergers and acquisitions, technology implementations and other business factors in an organization.
Merits of contract staffing services
The need for these services is duly felt because the skilled contract professionals provide an extra support and inculcate critical knowledge into the organization. There is enough time left in the hands of the upper echelons of the management to concentrate on their core business strategic initiatives leaving the operations support and critical business functions to these services. The following merits can be derived by adopting these services-
- It will increase the responsiveness of the external and internal customers.
- It will help in reducing the employee burn out by supplementing the core staff with contract staff.
- The permanent staff can concentrate on more challenging, substantive and core work of the organization.
- Utilizing these services will help in managing the department or units of the organization more effectively and efficiently.
It helps in managing project overflow, special assignments and easing work during peak periods.
The organizations using these services can take advantage of flexible pricing options being made available by the providers of contract service staffing services thereby saving money that in turn involves reduction in the cost of recruiting the staff.
With an increase in the competition among business enterprises, the need for cost cutting and remaining competitive in their businesses has become a necessity. Therefore, these services help the firms in getting access to right talent at the right time thereby keeping productivity and profits at higher levels and at the same time reducing the recruiting costs.
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