A Temporary and Contract desk is proving itself as a key factor in sustaining a competitive and robust marketplace within the recruitment industry in Australia. With the growth of the contingent workforce, it is imperative that recruiters adapt and streamline their processes and operations to accommodate these employees.
Last year the recruitment market saw a steady and stable development, however some recruitment agencies still faced cash flow challenges which hindered their growth opportunities. The year ahead still may bring some level of uncertainty; however it is important to seek new and improved ways of doing things. With some industry professionals forecasting that Australia will continue a steady economic growth for 2013; according to Trading Economics the unemployment rate in Australia increased to 5.6% in March 2013 from 5.4% in February 2013. When unemployment rates rise, the demand for contractors and the temporary workforce also rise.
Engaging contractors and temps poses increased management challenges. For example, the increased amount of administration duties, receivables management, policy compliance and contractual obligations for managing the contingent workforce. However recruiters do not have to undertake the pressure of these challenges, these hurdles can be easily addressed by working with expert service providers, such as SDP who can offer tailored management solutions and better visibility of the contingent workforce. Which ensures recruiters and businesses have the resources and time to focus on their core business operations to enhance their growth in the competitive marketplace.
SDP carried out a forecast on the potential savings recruiters and employers could benefit from if they were to outsource contractor management services. The findings are illustrated below and suggest that recruiters and employers with 10-60 contractors can experience increased savings. With larger recruiting companies and employers engaging 120 – 200 contractors still achieving a significant saving, however they would experience greater savings with TemPay, SDP’s White label Contractor Management Software which streamlines the process in-house and improves profitability.
Interested in finding out how SDP can reduce your costs, lets meet over coffee and discuss a solution which meets your needs call us on 1300 409 070 or email us on firstname.lastname@example.org to arrange a free no strings attached consultation.