Contractors in October: Leveraging your resources to succeed in Q4

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October always signals the final push of the business year. As Q4 begins, everyone needs to think about hitting their fast approaching annual goals, burning the excess areas of your budget and strategically plan for the following year. Have you considered how contractors help you to address each of these challenges and positively impact your business?

First problem scenario: your looming projects, initiatives and deadlines won’t get done before the end of the year. The higher-ups need you to deliver or the business suffers leaving you on the chopping block… We all know the fear. Contractors bring their expertise for a short period of time to your organization and deliver high impact results. They can help you complete your internal reporting. They can help you finish your IT solution to take to the market in 2016. Contractors offer a simple, effective way to maximize your company’s productivity during the last leg of the year.

Second: Many people wonder about spending their budget for the fiscal year because, unless you use it, you lose it. Suppose you want to explore something new with your team and find yourself with some extra resources. Contractors easily become a part of your team partnering to create, research and work in what ever way you want on a temporary basis. Contractors give you extra results to bring to the boss and help you manage your budget in responsible, productive ways. Think of the look on your bosses face when, rather than waste company money on team lunches and wasteful spending, you leverage every available resource to hiring a contractor and strengthen your team’s contributions.

Last, contractors enable you to nimbly plan and adapt for unanticipated circumstances in the new fiscal year. In the staffing industry, we call this the “try before you buy” benefit. Contractors work independently. This means many of the constraints full-time employees bring don’t exist. You can hire contractors on-demand, finish their work without difficult feelings or costly legal battles and tap into their expertise or specialty. Two examples when a contractor makes sense for future business planning:

Sometimes, businesses do not understand a role’s long term place and structure in an organization. What are the job requirements of this new support role we conceived? What does this person continue to work on beyond the implementation of a particular technology? A contract role maximizes your flexibility in defining a role long term. Other times, you hire someone who lacks the experience or qualifications you hoped for in a role. Taking a chance on someone makes much more sense in a contract role than permanent. You can see the person in the role and, when their performance merits it, extend a permanent offer. Contract employment makes most sense in these situations.

While you understand when and why to use contractors during this time of year, you may wonder how to best manage that process. Employing anyone brings difficult business risk, cumbersome benefit requirements and other unanticipated costs. Allowing a staffing firm to manage your resources protects you from ongoing liability, saves you time and energy trying to find the right person to join your team and allows you to focus on what you do best. Consider outsourcing this process to a group with expertise and experience managing contracts in many different fields and industries.

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