Contractors: Why They're a Smart Alternative for Agile Businesses in 2024

19 June 2024 Amanda Glacken

Contractor Blog

We are seeing a trend of businesses that are looking to utilise more contractor and temporary workers to support business activity increases rather than adding to their permanent headcount.

This hiring strategy feeds the need to stay agile to respond to changing market demands, technological advancements, and unforeseen challenges.  

These are just a few of the drivers that make contractors an attractive hiring proposition.

1. Flexibility to Scale Up or Down

One of the most significant advantages of contracting roles is the flexibility they offer the Employer, as well as the employee.

Whether your company needs special expertise for a short-term project or specialised skills for a certain task, contractors can fill these gaps quickly and efficiently. This means a business can scale their workforce up or down without the long-term commitments and costs associated with permanent hires.

2. Access to Specialised Talent

Contractors often have areas of expertise that can be hard to find in the permanent job market at short notice.

They’ve likely worked across various industries and projects, giving them a broad perspective and a wealth of knowledge. This can be particularly beneficial for niche projects that require specific technical know-how. 

They are also adept at changing their working environment and will have the ability to “hit the ground running”

3. Cost-Effective Staffing Solutions

Hiring contractors can be more cost-effective than you might think.

Without the overhead costs associated with permanent employees – such as benefits, insurance, and superannuation contributions – organisations can allocate budgets more efficiently.

Plus, they only pay for the work done, ensuring value for money. 

Often in larger organisations there is a budget purely for contingent staff to enable them to scale up and scale down as projects evolve.

4. Speed and Efficiency

The recruitment process for permanent roles can be lengthy and complex. In contrast, contractors are often ready to start immediately, shortening the hiring lead time, and meaning that your projects can get off the ground faster.

This speed and efficiency can be a game-changer, especially for businesses operating in dynamic industries where time is of the essence. 

5. Fresh Perspectives and Innovation

Bringing in contractors can inject fresh perspectives and innovative ideas into your business because they come with diverse experiences and insights from working within different companies and industries.

This diversity of thought can drive creativity and help a new business stay ahead of the curve. 

In terms of technical knowledge, they can quickly ascertain what is working and what is not from a technical perspective and make the changes required to ensure maximum efficiency of software systems, and cloud-based SaaS solutions.

6. Reduced Risk and Increased Flexibility

Economic uncertainties can potentially make long-term hiring decisions risky in some sectors.

Contracting roles offer a way to mitigate this risk by providing a flexible workforce that can adapt to market conditions. This approach allows you the ability to hire with greater confidence and agility.

Don’t Delay Your Plans for Increased Business Activity

In an era where agility and innovation are paramount, contracting roles will offer you the strategic advantage you need.

By embracing a hybrid hiring model which encompasses a mixture of both contracting and permanent staff, your business can access specialised talent, improve efficiency, and remain adaptable in a rapidly changing landscape.

Need help Sourcing the right Contractor?

This article was brought you by Parity's Amanda Glacken, Division Director, and specialist in filling hard-to-fill roles!

Contact her today on 0450 291 368, if you are looking to hire Product, Marketing, Communications & Digital professionals.