Benefits of Hiring Remote Workers

Remote work life has become the ‘new normal’ for most of us. Staff Accounting, Bookkeeper, Accounting Clerk and Coordinator are some of the fastest growing Finance & Accounting job categories in the work from home landscape. Cloud-based technologies and collaborative platforms have enabled smooth remote work transition for companies and have allowed employees to experience the power of utilizing data in the cloud.

Here are some benefits of hiring remote workers:

1. Reduces Business Costs
Hiring remote workers can result in significant business savings -office expenses, including infrastructure, utilities and supplies. Additionally, not all employees that work around the 9-5 clock are productive, resulting in more time wasted. With remote workers, hours billed = hours worked.

2. Increases Productivity
When companies offer the flexibility of remote work, employee satisfaction and productivity increases. 77% of remote employees say they are more productive when working from home (HubSpot, 2020). Employee monitoring software such as Teramind, VeriClock, ActivTrak, TimeDoctor are valuable productivity tracking tools that can help employers validate hours billed to hours worked.

3. Access To Deeper Talent Pool
Unrestricted by geography, hiring remote workers expands your talent pool and increases your chances of acquiring top talent. Your company now has the flexibility to staff based on business priorities and can hire specialized workforce for specific remote projects. Since 2015, the number of employees working remotely has grown by 44 percent (Wong, 2020).

4. Reduced Employee Turnover
Companies that hire remote workers also benefit from reduced employee turnover. 90% of employees claim that flexible work arrangements and schedules have increased their morale (Flexjobs, 2020). Employees enjoy the boost to their work-life balance that comes from a remote position and tend to stay at their jobs for a longer period of time.

The world might never be the same again as this remote working mandate takes over our traditional 9-5 regime. Remote work benefits employees and does wonders for businesses as well. At PTC we connect you with F&A, Administrative and Human Resources professionals who can work remotely.

Benefits of Contract Staffing: Hiring in Challenging Times  

The Canadian labour market is shifting and growing, with contract and temporary workers making up half the workforce today. In 2018, temporary workers increased by 50%, outpacing the number of permanent jobs in Canada. This is in part due to different professional outlooks of millennials and GenZs but also a result of a much more flexible world.

How can employers benefit from temporary hires? Contract employment essentially gives businesses the freedom to “hire on-demand”. The flexibility and scalability of contract staffing allows businesses to achieve their long-term and short-term growth targets, which makes this staffing solution ideal for challenging economic times. 

Here are a few reasons why companies are making contract staffing an integral part of their hiring structure:

1. Cost Effectiveness And Lower Business Liability

Contract staffing eliminates payroll, benefits, and administrative expenses. When a company hires a full-time employee, it commits to providing salary, benefits and even accounts for all their expenses. However, with contract workers, you only pay for the hours the employee has worked with no commitment to benefit plans or bonuses. 

2. No-risk Hiring Flexibility 

More and more companies are turning to contract workforce solutions because it shrinks the hiring timeline. A flexible, contract-based workforce can easily meet dynamic business needs without long-term commitment. During crunch periods, employers can move full steam ahead for several months with complete operational support.

3. Immediate Results

Because of the varied experience that contractors gain through shorter term work commitments, their skillset is more diverse and often more easily adaptable.  Companies benefit from hiring a fully vetted candidate, who is ready to hit the ground running from his/her first day. Contract staffing allows employers to combat any skills gap for specialized projects or to meet seasonal demand. 

Don’t let hiring freezes, high employee turnover or complex hiring processes bring your organization to a crawl. Turn to contract workforce solutions and quickly acquire the skills and experience your company needs to meet the growing business challenges.

Smart Staffing Series: Understanding and Meeting Your Candidates’ Expectations

Continuing with our “Smart Staffing Series,” in which PTC aims to help you make the most informed choices for your talent acquisition strategy, a crucial factor to keep top of mind is the overall quality of the candidate experience. How candidates feel they are treated through their interactions with your company can not only influence whether top talent accepts your offers, but also impact your organization’s reputation among other prospects and even your client or customer base. Understand and meet your candidates’ expectations with these tips to keep in mind throughout the hiring process:

Before:

Simple Application Process

Once they are under consideration, candidates will put in the work; however, they may pass on applying if an application process is too cumbersome. Ensure you are making it quick and easy to apply in the initial stage. Also, add an auto response after an application has been submitted to give candidates peace of mind and save you time from having to answer inquiries on if it was received.

Relevant Information

Candidates want to be able to clearly understand the job they are applying for, so they don’t waste their time or yours if it’s not a good fit. Carefully craft your job descriptions to have the most relevant information clearly communicated.

During:

Respect for Candidate’s Scheduling Needs

Once you have determined who you want to meet with, be mindful and respectful of candidates’ scheduling needs, not just those of the company. Flexibility in response times and interview time slots is key, especially if candidates are currently employed.

Streamlined Decision Making

Since there is a good chance candidates are pursuing other opportunities as well as yours, they expect you will make a decision in a timely manner once you’ve interviewed them. While you shouldn’t rush to make your final selection, it’s important your decision-making process is streamlined in order to evaluate candidates in a systematic way that doesn’t get held up unnecessarily.

After:

Tactfully Providing Closure

Candidates understand that even if they are fully qualified and really want the job, they may not end up with an offer. However, they still desire closure, even if the news isn’t what they were hoping. Make it a point to reach out and let rejected candidates know in a tactful manner they were not selected, so they can move on to opportunities that are a better match.

Preparation for Success

When a candidate is given an offer, they go in with the assumption you will prepare them for success as a new hire. This means having an effective onboarding system as well as thorough training and regular check-ins to ensure they are acclimating to everything from the job duties to company culture to being treated professionally by their new co-workers.

An Effective Staffing Strategy Takes Time

If time is a resource you’re short on as a busy manager, consider delegating the recruitment process to PTC’s team of recruiting experts. PTC Recruiting, a division of Bay Talent Group, has nearly 30 years of experience collaborating with companies across sectors for their accounting, finance and administrative staffing needs. Contact PTC today to learn more about our recruitment services.