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simplify your hiring process

How to Simplify Your Hiring Process in Today’s Market

Today’s labor market is unlike any market we have witnessed before. The unemployment rate is currently sitting at 11.1%, and the employment-population ratio is 54.6%, meaning nearly half of the U.S. adult population is without work. If your team is hiring right now, there are a ton of stellar candidates on the market looking for new opportunities. However, the best candidates won’t last long and will likely find new employment quickly as more companies continue to restart their hiring efforts. If you want to secure top talent in today’s market, here are a few tips to simplify your hiring process.

Consider contract staffing solutions

Thousands of companies across the country have urgent staffing needs but are skeptical about pulling the trigger. If this is the position your organization is, have you thought about utilizing contractors to supplement these vacant positions? Contract workers are an excellent solution for bringing in talented workers to complete a project or fill an employment gap.

Contractors are flexible – you can hire them for a select time that fits your budget and timeline. So whether that’s three months, six months, or a year, you can hire professionals NOW and keep production moving along. And if you’re happy with their work, you can convert them to a full-time staff member! It’s a win-win.

Don’t be afraid to hire over video calls

If you want to simplify your hiring process, you must be ready to extend a candidate an offer over a video call. Long gone are the days of flying in a candidate for a “final interview” or to “meet the team.” With everything going on in the world, it just isn’t financially feasible or safe. Why spend weeks trying to coordinate a candidate for an on-site interview, clear everyone’s schedules, and put on a big show? Instead, all you have to do is get people to commit to a few minutes for a brief video “meet and greet.” It is much more efficient to coordinate a video interview than a physical in-person meeting.

Many employers out there are hesitant to make this change. However, if you don’t, one of your competitors will. And in the process, they’ll scoop up the talent your team needs just as badly. So, shift your hiring process to make offers over video calls to save both time and money.

Work with a recruiter

The easiest way to simplify your hiring process is to partner with a recruiting firm. You undoubtedly have a lot going on. You are making changes daily to keep up with what’s going on in the labor market and economy. Partner with a recruiter specializing in your industry to streamline your hiring process and attract the best talent. To learn more about how a professional, award-winning recruiting firm can impact your hiring process, reach out to us today.

Hiring insights from industry experts

Hiring Insights From Industry Experts

Interested in more insights on today’s labor market? Hear from some of our industry experts at Johnson Search Group! Hear from two of our best recruiters on how you can take advantage of today’s market.

contract staffing

Why Contract Staffing Works in the Post-Pandemic Era

As our country begins to recover from the COVID-19 pandemic, employers are starting to retool their staff (or at least preparing to do so shortly). This dilemma can be overwhelming for hiring managers as many need employees now but are fearful of what the future has in store for us. Insert contract staffing. Utilizing contractors might be the safest and most cost-effective solution in the post-pandemic era. Here is why contract staffing will be your best tool in the second half of 2020.

Contract staffing offers flexibility

Contract staffing is a great way to get the help you need now without worrying too much about your staffing bandwidth in the future. The latest Jobs Report from the Department of Labor shared some positive signs that the worst of the Coronavirus is behind us. However, it was recently confirmed that February 2020 was the official start of a recession. How long this recession will last is unknown, but economists speculate it will take at least a couple of years to recover.

You get to choose the terms of your contract assignments. They can be as short as a couple of months or be long-term contracts of up to a year. So, your team is in the driver seat and can pick contract lengths that work for your company. And if you don’t need your contractors anymore, you can terminate the contract assignment much easier than laying off a full-time employee.

A more fiscally responsible solution

Utilizing contractors will help your bottom line during these economic difficulties. Hiring contract workers reduce fixed costs, such as benefits, and allows your company to only pay for the hours each contractor works. Using temporary workers will allow you to be more flexible as your team weathers this economic hardship.

Contractors streamline your hiring process

Hiring contractors is a great way to streamline your hiring process. If you need workers immediately to keep production on track, the turnaround time is much faster. Under normal economic and social conditions, it takes roughly 42 days to fill a permanent position. However, hiring contractors is much more efficient, especially if you are working with a recruiting firm. At Johnson Search Group, we do all the hard work on your behalf. We conduct reference checks, facilitate the background checks, and ensure onboarding is smooth throughout the process.

We can build a contract staffing solution with you

If you’re ready to build your contract staffing solution today, reach out to our recruiting team. We will work hard to find the talent that fits your needs and environment. Let’s have a conversation today and build a relationship that lasts well beyond the global pandemic.

Contract Staffing

Contract Staffing in the Mining Industry? You Bet!

I was recently having a conversation with a customer of a mining operation in Minnesota. We were talking about the tremendous success of our partnership in 2019 and the opportunities and challenges that lie ahead in 2020. It dawned on me that all the placements we had with this organization in 2019 were direct hires simply because we never had the conversation about using contract staffing. The more we talked about 2020, the more we identified opportunities to bring people on for short term assignments. We are both excited to see the success of adding contractors and look forward to the opportunities that exist going forward!

So, if you haven’t looked at bringing on contractors, here are some of the benefits:

Eliminate hiring costs

The average cost to hire an employee hovers around $4,000. When you need to hire a new team member, there are dozens of direct and indirect costs, including your recruiting staff’s salaries, posting on job boards, application tracking systems, and so much more. Hiring a contractor through Johnson Search Group allows you to eliminate these talent acquisition costs. 

They’re Highly Specialized

Our contractors are highly specialized in what they do, and many of them have completed several successful assignments with us. They’re able to fully comprehend their assignment, adapt to the environment, hit the ground running, and make a big impact quickly.

Try before you buy

We know how important it is to hire someone with the right experience and background. But we know you also want to hire someone with the right soft skills and that will fit in well with the team. At Johnson Search Group, we don’t try to fit a square peg into a round hole. We tailor each search and bring you candidates that are solely interested in a contract to hire role.

Eliminate benefits costs

Do you know how much your full-time employees cost? It’s much more than just their salary. According to a study from MIT, an employee with an annual salary of $50,000 costs an employer between $62K and $70K. These higher costs are due to benefits and other expenses. When hiring a contractor, we carry the burden of those benefits, and you just pay their hourly rate.

Bring contract staffing to your team

Here at Johnson Search Group, we average approximately 5,000 contractors that are on assignment at any one time. We can help many companies across many different industries, including mining, and we can help you. If an extra set of hands would help you get through a backlog of work, complete a project, or get your organization to the next level, reach out to us. Let’s have a conversation about bringing contract staffing to your team.

Myths About Contract Workers

3 Myths About Contract Workers

Contract Workers

You’ve probably heard at some point or another that the ‘gig economy’ – a marketplace of contingent or short-term contractors or freelance workers – is thriving. According to a recent study, more than one-third (57 million) of U.S. workers hold a contract position. Despite encompassing so much of today’s workforce, countless employers still don’t understand and see the value in hiring contractors.

Here are three of the most common myths about contractors and why your team should consider enlisting them.

They’re always looking for greener pastures

A common myth about contractors is that they are always looking for ‘better’ opportunities. And while that may be true for some contractors, most of them will finish out their assignment. Whether it’s three months, six months, or even a year, contract workers will typically stick around and help your company reach its production goals. In fact, many are working hard for the opportunity to earn a permanent position on your team.

They don’t have the experience I need

This is another misconception about contract workers that simply isn’t true. Contract workers can often have more experience than candidates who’ve only held permanent positions. However, it may be challenging to identify this. It can be tricky to understand the resume of a contract worker as it probably looks nothing like a traditional resume. For example, a contractor’s resume may be much longer than a standard resume because they probably have worked at numerous employers with a broad range of positions.

Or, since they’ve had some many positions, it can make them appear to be a job hopper. However, since contractors often work for numerous employers in various industries, there’s a good chance they are even more qualified than a ‘traditional’ candidate.

It’ll cost my company more money

Many hiring managers and employers believe that utilizing contract workers is too costly to their company’s bottom line. Again, this isn’t always true. Your organization can actually save money hiring contract workers instead of waiting weeks or even months to hire a permanent employee. If it’s taking you months to hire the right candidates, it costs your company more than you might think. The average cost of a vacancy is over $4,000 over a 42-day span. So, if you have a handful of positions and they’re vacant for months (which is often the case in today’s labor market), it’s costing your company tens of thousands of dollars.

And do you know what an efficient solution is to avoid these costly hits to your bottom line? Enlisting contract workers! Contract workers will help prevent hiccups in production and keep operations running smoothly. The best part about contract workers is if they’re adding value to your team, you can offer them to come on board permanently.

Partner with Johnson Search Group for your contracting needs

Contract workers are a great solution to your staffing needs in today’s tight labor market. If you are interested in utilizing contract workers, reach out to a recruiter at Johnson Search Group today! Let’s work together to find the talent your team needs.

Contract Workers

Why Contract Workers Are Appealing in Banking

Contract Workers

With the market as hot as it is, we need to talk about contractors. Most banks don’t think about using contractors for those urgent or critical roles. It is not at the forefront of the minds of hiring managers and HR professionals like it is in other industries, such as Healthcare. Hospitals and healthcare providers are continuously using contractors to fill their most critical positions. However, in this tight market, more and more banks are utilizing contract workers.

In fact, I placed two contract positions last week for two different banks. If you think banking institutions aren’t interested in contract workers, you are definitely mistaken. So, when can or should you use a contractor for a role?

Critical Job Vacancies

For any role that’s vacant and is vital to your organization. For example, the operations side of the bank is an area that makes perfect sense to utilize a contractor. A recent study claims that over one-third of workers are considering quitting their jobs to take advantage of today’s market and find a new job opportunity. So, hiring a contract worker is ideal when you lose that critical person on your team, and you need someone to fill in immediately. Plus, it will help ensure you don’t burn out your other staff that is going to have to fill in for them until you find the person to replace the loss.

My team and I can fill those contract roles incredibly fast. I just filled a Mortgage Closer/Funder role for a bank in less than 24 hours. They lost a critical member of their team and needed someone that could handle those closings within a day of starting. We were able to get this bank a great professional contractor to fill in until they can find the right person. And if the contractor continues to do a fantastic job, they may get converted into a permanent employee.

Leave of Absences or Vacation

Another great reason is for Leave of Absences (LOAs) or extended vacations. With the laws changing with LOAs to offer more freedom for new parents, banks are in a pinch as they let their employee take the time they need with their new child. Or when someone needs to take an extended vacation but has essential tasks that still need to be done while they are gone. This is a natural place for a contractor.

You may not be looking to replace all of what that person does daily, but the bulk of what they do. You need to prioritize what that person does, and which tasks/responsibilities are essential to the organization. After you determine that, your team now knows what to look for in a contractor.

To put this in perspective, one of my top clients called me last week needing a senior accountant. One of their accountants is going on an extended leave, and they need a contractor to fill their place temporarily. We discussed the most critical responsibilities they required the contractor to be able to handle. We received this job order on a Tuesday, and we had a great accounting contractor in the next afternoon. She covered the must-haves and had some additional skills that will help cover the role of the employee on leave.

Hiring for a project

A common need for a contract employee is for project work. We do a ton of this in many areas of banking, including IT, Risk/Quant, HR, and BSA/Compliance. Our team has placed many people in these areas. When your project needs a subject matter expert or a regulatory requirement change, this is where we can help you get contractors in place. You will save money on the contract, and you don’t have to figure out how to utilize that person after the project if you decide not to bring them on in a perm capacity.

Plus, we handle everything for you; they just show up, work on their assignment, and move on to the next project. Many of our clients see the value of contract workers and consistently utilize Johnson Search Group to fulfill their temporary hiring needs. In fact, we just filled a role for a massive technology conversion with one of our banking clients. The contractor we placed with them has helped multiple banks convert to this new technology and knew the hurdles, pain points, and shortcuts to help make their project go smoothly.

Work with us to find your next contractor

So, when your next perm employee quits without notice, think about calling us to fill the role on a contract/temporary basis. Or, if one of your employees goes on an LOA, think about utilizing a contractor to perform the critical aspects of their job. Johnson Search Group’s banking team can get the bulk of the workload off your other employees’ shoulders, so you don’t lose them too due to work overload. If your organization needs someone now, give us a call and let us help you find your next contractor.