Buy what you need when you need it.
How does this apply to labour? This is an important question in these uncertain times. Paying up front for something is much easier for us to do when it is a tangible product that you can usually ‘consume’ immediately upon receipt. It is a lot more difficult when it applies to a person’s labour. The traditional employment model will involve recruiting a person to fill a role in anticipation of work to be done. We will also assume or hope that the person we have now committed to recruit has all the right attributes to fulfill the role we are hiring for.
Many organisations today are asking us to fill a resourcing gap for them and trust that our panel has the right level of capability to meet the need. This solution allows the company meet a need without the longer term commitment.
Is there work to be done right now?
When you recruit a person, are you comfortable that you can fully utilise their labor as soon as you start incurring their cost?
Other questions you might ask yourself;
- Is there work to be done in this role right now?
- Will the work still exist for this role-holder in the near future?
- Is there follow on work for this resource?
- Are there internal or external dependencies?
- Can your organisation afford to commit to a full-time or permanent position right now with all that this entails?
- Would you be better served with an interim placement?
The Grey Matters Network can help by providing you the experienced resources you need when you need them.
The Future Workplace
The workforce is changing. There is a place for permanent staff and a place for contracted staff. The latter can protect the jobs of the former by ensuring the business can continue to operate without incurring the costs of underutilised resources. Most economies are seeing the contracted or freelance labour force growing. In the US for example it is already over 34% of the total workforce. We are not just talking about the gig economy of the UBERs and Deliveroos here, we are talking about professional roles and assignments across most functional areas.
No matter what way you structure your workforce you will always need a core team of staff to oversee and manage the work. However, there are a lot of activities that are one-off, short term or transitory. While work or activity is not always constant the payroll for a salaried employee is. Organisations will typically experience periodic peaks and troughs. They will also experience externally driven change or will initiate the change themselves.
Can you afford ‘just in case’ labour costs?
The construction industry has embraced the contracting model for a long time. They will only buy the labour they need when they need it. The sector realised when looking at their Project Gannt charts that there was a lot of white space between tasks. The carpenter can’t hang the doors if the block-layer hasn’t laid the blocks.
Do you carry the cost of the labour in the form of a full time/permanent employee – just in case? Underutilised people capacity’ carries a ‘bench’ or salary cost.
A trusted source of expertise
Now there is a trusted source from whom you can call off expertise when you need it for the task and the time required.
The Grey Matters Network is a panel of literally hundreds of seasoned experts, available to you when you need them with a wide range of functional capability and sectoral experience. Contact us to today to see how we can help.
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