Yes, the turbulent times are here. Between the rollercoaster ride stocks are taking, the ever-tightening credit crunch, and a slumping labor market, things are shaky at best. Given the current environment, any business that can’t stay flexible is bound to suffer. While payrolls and employee headcounts continue to shrink, companies are getting more creative as the fight for business intensifies. One way they’re staying competitive is by realizing a flexible workforce with on-demand staffing.
“A flexible workforce in turbulent times is the key to success,” says Outsource Telecom’s CEO, John Lowell. “Companies need to stay small to minimize overhead, but act large to successfully bid on projects they otherwise couldn’t perform on their own.”
One company I’ve found that can help out with this is Outsource Telecom, who has been able to provide on-demand staffing to companies across the nation who, in times like this, rely on adaptation to survive. “It’s too risky, expensive, and time-consuming to hire and train full-time employees,” Lowell explains, “and companies know this.” In a project-based business environment, flexible staffing allows you to bid almost any project, whether they need ten people, 100 people, or anywhere in between. Even as a sole proprietor, you will have the staff to get the job done.
As companies further tighten their belts and trim costs, the necessity of specialized labor becomes clear. Having a field staff of five to ten installers isn’t enough to win large projects and compete successfully in this market. Of course, the paradox here is that most can’t afford a full staff of specialized labor. So how do you scale up for a large project without permanently committing to high fixed payroll costs?
“That’s easy,” according to Lowell, “…a specialized niche staffing firm like us allows you to beef up when you need to… And when you need them is when you have several projects, which in turn, is when you’re making money. When the jobs are over we take the crew back and they are gone. We tell our clients to stay small but act large!”
The more you read the news, the more sense on-demand staffing makes. Budget cuts? Check. Reduced payroll? Check. Reduced workforce? Check. The ability to successfully bid on virtually any project? Check.
We asked Lowell where he saw this industry during the recession: “It will absolutely take off…as companies realize they can be a 50 employee company with the payroll and an overhead of five.”
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