At some point or another, virtually every business owner will encounter a talent gap, or a time when his or her staff is missing the talent or skills necessary to get a job done. When this occurs, there are generally four choices a business owner can make:
- Leave the job undone
- Subsidize training for one or more employees
- Hire a permanent worker to accomplish the task
- Hire a temporary worker to accomplish the task
The first three options are all flawed in one way or another. Leaving a job undone is not viable and will cost you customers. Investing in your employees’ training is certainly viable, but it may cost you more than you can afford, and there’s no guarantee that they won’t leave you for another company down the road. Hiring a permanent worker is the most common strategy, but this unnecessarily locks you into a long-term commitment for a potentially short-term assignment. Because of the flexibility and versatility it offers, temporary staffing may be the best option.
America’s Talent Gap
Although the unemployment rate remains below five percent, and hiring has picked up in recent years, the talent gap problem persists in the U.S. Simply put, employers have job openings but struggle to find qualified applicants. This is a problem that has been plaguing the U.S. for the better part of the last decade. Despite tens of millions of Americans having college degrees, many do not have the skills that employers need or want:,,,
- One study found that many college students lack critical skills like problem solving, decision making and the ability to apply knowledge in real world settings
- A 2013 CareerBuilder survey revealed that 35 percent of hiring managers had positions that were open for 12 weeks or longer because of an inability to find qualified candidates
- According to the U.S. Chamber of Commerce, there are 5.6 million vacant jobs in the U.S. According to the U.S. Bureau of Labor Statistics, there are 7.5 million unemployed Americans
- Based on research from Corporate Executive Board, every job opening in 2015 received an average of 30 applicants. Of those, fewer than 20 percent met the qualifications of the job
With so many vacancies, it doesn’t make sense that there would also be such a high number of people without work. Part of the problem is that many employers want employees who will require little job training and will be ready to hit the ground running on day one. There is plenty of blame to go around for this situation.
On one hand, it could be that some employers have set the bar too high. For example, 65 percent of job postings for secretaries require a four-year degree, yet only 19 percent of current secretaries have one. On the other hand, the droves of Americans who went to college over the past 20 years has led to a shortage of middle-skilled workers and an abundance of over-educated individuals.
Bridge the Talent Gap with Temporary Staffing
When your staff is missing the skills you need to get the job done, the most convenient and cost-effective solution is often temporary staffing. Rather than conducting a potentially long and arduous search for the right person, a temporary staffing agency can have a qualified worker in your office within 24 hours.
This new employee will require minimal training and will be able to make an immediate impact on your staff. The best part is that you can either decide to retain this temporary employee on a full-time or permanent basis or end his or her employment when the assignment is finished. Temporary staffing allows you to exercise more control over your workforce expenditures. You can customize your workforce to your business needs.
Here are other ways temporary staffing can help your business thrive:
- Fill employment gaps: Some positions are too valuable to leave vacant for an extended period of time. Some of your most important permanent employees may miss time for maternity leave, illness or for many other potential reasons. When that happens, a temporary employee is an excellent bridge.
- Ramp up for busy season: Some businesses have boom and bust periods throughout the year. When you know your company is heading into a busy time of the year, a temporary staffing company can get you the extra help you need on short notice.
- Evaluate new hires: Before committing to a permanent employee, it might be wise to test him or her out first. The candidate may not have the right skills or may not be the right fit for your company’s environment.
- Avoid overtime: Sometimes there is extra work to be done and overtime is unavoidable. But rather than destroying your payroll budget, adding a few temporary employees will spread the work out more evenly, reduce each employee’s workload and likely improve overall performance.
Of course, not all temporary staffing agencies are created equally; and you don’t just want any temporary staff, you want the best. TPG Staffing LLC has over 30 years’ of combined employee experience in the temporary staffing industry. We have a large pool of qualified candidates with a diverse range of skills ready to work for you at a moment’s notice. If you’re in need of a little extra help, contact us right away at 732-246-7100.