If you are not currently utilizing temporary employees as a part of your business model, your accounting, finance and human resources teams might be missing out on significant opportunities for cost savings, boosting employee morale and more. Here are 9 ways temporary employees can make your accounting, finance and human resources departments better:
- Fresh perspective: Professionals who choose to make a career in contracting have exposure to many projects, organizations and industries. Often, they’ve witnessed firsthand the challenges and success other teams have had and can bring that knowledge to bear on your department’s behalf. This outside perspective can help your team break the daily routine and offer access to new skills.
- Flexibility in your workforce: Temporary employees can be hired and released based on the needs of your organization. A contract senior accountant, human resources assistant or financial reporting specialist can provide an extra hand during busy times, employee transitions or organizational changes, but don’t require the long-term commitment of an additional employee.
- Flexibility for your permanent staff: Temporary employees provide additional flexibility for permanent staff that might have varying personal situations and schedules. They can act as floaters to support various parts of the business and can shift to help out where needed. In the long run, this will give your full-time employees some breathing room especially in the current work climate.
- Temporary employees as a complement to professional services: Temporary employees can be used to complement professional service providers by supporting and assisting with system implementations, due diligence for mergers and acquisitions along with accounting department integrations.
- Train your staff: Temporary employees bring highly specialized skillsets to the table. If your organization is undergoing a change and new skillsets are required of your staff, consider hiring a contract employee to develop and implement a training program for your existing team.
- Specialized skills: Temporary employees provide on-demand, specialized skills that may not exist in your accounting, finance and human resources departments. Moreover, because professional contractors change positions frequently, they typically have a short learning curve and find ways to add value quickly.
- Increased productivity: Generally, temporary employees are hired for a specific project (e.g. completing an annual budget, finishing a 5-year forecast or completing the due diligence list for the sale of an organization). By focusing on a key skillset, contract employees tend to be incredibly efficient at the task at hand. Further, they are largely unaffected by office politics and generally don’t receive unplanned requests that permanent team members receive. This enables them to complete their projects faster and with greater accuracy.
- Help define a newly created role: If your organization is considering adding a new position to the team but is having difficulties defining the role’s responsibilities, hiring a temporary employee can take some of the guesswork out of the equation. Contract employees can help bring clarity to the new position and give leadership time to better define the permanent role’s duties.
- Bridging the gap: Perhaps there has been an increase in volume due to market trends or perhaps there is a gap in the workforce due to employee turnover – in the interim, temporary employees can help balance the workload while simultaneously helping to boost staff morale. Organizations with staffing peaks and valleys can utilize contract employees during these periods to bridge the gap until the workload returns to normal.
Does incorporating a temporary employee into your accounting, finance or human resource team’s business model make sense? For more information on this topic or to learn how Baker Tilly Search & Staffing can help, contact one of our career specialists today.