When I entered a 2BHK apartment, I was really disappointed that Mikey has lied to me that he runs a business from here and has a workforce of 100+ people. It was only later when Mikey explained to me that he has been using staffing services to hire workforces from over the globe and everything is remote, efficient and as desired and that too without any risks of bad hires, and other complexities of appraisals, leave and salary management. Only a contract with the EOR or staffing service has arranged the things for him to run a business.
To use a staffing service often comes with various advantages which mainly include faster hiring, access to a wider talent pool, cost efficiency, and reduced risk of bad hires. It doesn’t limit only to this, it also comes with large flexibility in staffing solutions, allowing businesses to focus on core functions, and often have expertise in varying industries and their needs.
Also Read: How to hire an employee in India
7 Benefits of Using a Staffing Service for Your Business
1. Cost Efficiency
Staff leasing can significantly help in reducing various dynamic costs associated with recruitment, training, and employee perks. Outsourcing these services, companies can easily allocate their resources more effectively and focus on enhancing their core operations.
2. Access to Globally Specialized Talent
Staff leasing essentially provides access to a large pool of specialized talent globally. Which implies that businesses can quickly acquire the skilled workforce they require without any complicated process of onboarding and training.
3. Flexibility In Workforce Management
Businesses from any corner of the globe can effectively scale their workforce depending on demand, without any long-term commitment of conventional hiring. This flexibility is highly beneficial in industries with on and off projects, when it becomes unpredictable for how much time you need a certain set of employees.
4. Improved Focus on Core Business Functions
Outsourcing non-core & complex activities, businesses can help themselves concentrating on their core and more essential objectives, like product development, marketing, and customer service.
5. Compliance and Risk Management
Staff leasing services are experts in managing local labor laws and regulations. They manage compliance issues and eradicate the need of establishing an entity. They have owned legal entities for businesses to rent and operate in part of the world seamlessly.
6. More Focus on Core Business
Administrative tasks will be managed by the EOR, the company can emphasize on their core strategies and operations enabling them to achieve desired revenue and enhance quality of their services or products within the industry.
7. Reduced Risk
EORs ensure all complete compliance to local labour rules reducing the chances of getting into legal complexities.
Also Read: The Future of Work: Remote Employers of Record
Points To Remember When Using Staffing Services
- Compliance
The foremost reason why you would use an EOR is that they manage all legal compliance and aspects of employment which include work permits, employment contracts, payroll taxes, and benefits. This all ensures you always adhere to Singapore’s labor laws. - No need for a local entity
Yes, the second most reason supporting the cause is that it doesn’t matter if you don’t have a legal entity in Singapore, an EOR would enable you to hire employees anywhere over the globe. - Work permits & Visas
EORs as mostly within expanding services scope are highly efficient to assist with work permit applications & Visas (if required) for foreign employees. - Communication
From the very beginning, establish a clear communication with the EOR, it would help ensure smooth employee management and complete compliance. - Due diligence
Start with hardcore research and go for a trustworthy EOR service provider possessing expertise in staying compliant to the Singapore employment law.
Recruitment Central As Your Staff Leasing Partner
Recruitment Central excels in all three essential pillars of successful EOR & staffing services which have earned them prestigious awards in all three categories i,e, Best EOR Firm, Best Staff leasing Firm, Best Workforce Management Platform. The Hassle-free onboarding and compliance management and streamlined hiring to find the right talent along with the end-to-end payroll and workforce solutions has helped thousands of businesses in Singapore to bypass staffing challenges and expand their teams globally.
Conclusion
Staffing organizations have systems in place to assist varying industry needs and operate over the globe. They have functions to check references, screen resumes, shortlist applicants, plan meetings, and place candidates who work on-site and provide equipment required for remote working, on the employer’s behalf. It comes with various benefits to get assisted with staffing EOR services, you can plan your time to focus on core operations and form strategies for further growth.
