- Earn more money
Many direct hire recruiters believe there isn’t enough money in contracting to be worth their time, but that’s simply not the case. For example, if you have 10 contractors working on assignments, and you’re earning an average of $12/hour for each one, that’s $120/hour. Over the course of a year, those contractors would earn you $249,600. And that doesn’t even include overtime to know more Click Here
- Enjoy consistent cash flow and flexibility
Not only can you make a substantial amount of money by adding contracting to your business model, you can also earn it in a steady fashion. As a result, you can offset the peaks and valleys that typify the world of direct hire recruiting. In that world, when you leave your phone, your chances of making money pretty much stops. Contracting is different. As mentioned above, you continue to earn money each hour your contractors are working. Consequently, you have the freedom and flexibility to take a day off work… and you’ll still make money. And since most clients pay invoices on a weekly basis, you’ll be able to enjoy a weekly cash flow.
- Improve your direct hire business
How can this be? For starters, with the steady cash flow that contracting provides, you have the confidence to turn down bad direct hire business and focus on opportunities that are most likely to be lucrative. Secondly, your contract staffing services could help you attract new clients who may also use you for their direct hire placements.
- Close more deals by offering contract-to-direct candidates
Contracting comes in handy when you have the perfect candidate for a client, but the client isn’t certain if they want to hire the person on a direct hire basis. If the candidate is willing, you can place them instead on a contract-to-direct basis. This will give the client the opportunity to “try before they buy.” In this type of deal, you’ll earn hourly income during the contract period. Then, if the client decides to hire the contractor on a full-time basis, you can also earn a conversion fee. More companies are choosing this option because if the contractor isn’t a fit, they can simply end the assignment without any negative ramifications.
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