Suppose you’re looking to fill a vacancy in your workforce or add new staff to your team. In that case, you may find yourself considering whether to recruit a temporary or permanent employee. Permanent recruitment has many advantages, including increased stability and long-term expertise.
On the other hand, it typically costs more than hiring a temporary worker, and there are more required regulations and employment laws around permanent recruitment. To help you make the right decision for your particular situation, we’ve put together this comprehensive guide to permanent recruitment.
This article explains what permanent recruitment is, the pros and cons, and how it differs from hiring contractors. We also go through the recruitment steps so that your hiring process can be streamlined and effective to ensure lower turnover.
What is Permanent Recruitment?
Permanent recruitment is when you hire an employee to work for you via indefinite contracts. This can be either full-time or part-time work.
With an indefinite contract, an employee is paid directly by the employer for set hours per week to fill positions permanently. Permanent recruitment contracts only end when one or both parties wish to terminate the relationship.
A permanent employee is recruited with the intention for them to grow and progress with the company long-term. They are also provided with benefits by their employer, such as health care, insurance, paid vacation days, etc.
What are the Advantages of Pursuing Permanent Recruitment?
- Job stability will give the employee confidence to explore and develop their talent in the company.
- Any time or expenses spent on training the employee will pay off as the employee stays on long-term and becomes a more valuable asset to the company over time.
- Permanent employees have the longevity to integrate into company culture and grow increasingly loyal to your company’s goals and brand. In this way, permanent employees are more engaged with your company goals.
- It’s easier to attract top talent and skilled professionals with a contract of permanent employment that offers employee benefits and career security.
Disadvantages of Permanent Recruitment
- With permanent employees, you must continue paying monthly salaries and benefits regardless of company revenue or financial losses.
- You can terminate permanent employees quickly or easily, making for a lack of flexibility in changing staff. Many countries, including the US, are constantly passing legislation to increase the job security of workers with indefinite contracts.
- Hiring a permanent employee that turns out not to be the right fit for your company can be an expensive mistake.
- The recruitment, hiring, and onboarding process for permanent recruitment are longer and more costly than for temporary workers. You will have to ensure they receive adequate training sessions so that employees are learning throughout their time with your company.
Permanent Recruitment vs. Contract Recruitment
When hiring a permanent employee or an independent contractor, the most important thing to consider is your company’s needs.
If you are looking for …
- a worker to fill in for a short-term vacancy
- specialized skills to complete a specific project
- a trial run to test results in a new market
In these cases, hiring a contractor may be your best option. The ease and availability of contractors make them the perfect fit for short-term recruitment or if you need staff flexibility with minimal training investment.
If you are looking to…
- build a long-term team committed to the company’s goals
- invest time, energy, and expenses in training an employee
- foster loyalty and stability with your new staff
In these cases, permanent recruitment may be the right fit for you. The many benefits of being a permanent staff member will appeal to talented professionals. They also ensure that you don’t waste time onboarding and training multiple temporary employees.
Simplify Your Recruitment Process in Three Steps
The recruitment market can be vast and confusing if you’re expanding into a new market and are unfamiliar with local hiring guidelines and employment laws.
Hiring a contract recruitment process outsourcing provider like INS Global can cut unnecessary time and costs and ensure that you find the right employee in the shortest amount of time. The average price of our recruitment service will save you time and money when compared to in-house recruitment.
More than a recruitment agency, our consultants meet with you to discuss your organizational culture and what kind of worker you’re looking for with a solid job description. We understand your needs so that we can match you with the best candidates.
We utilize our networks and innovative strategies to locate candidates from both extensive online and offline talent pools. Once you confirm the shortlist, we can assist with interview process and coach you through the final stages of recruitment.
After you select the new hires, we help you write up legally secure and satisfactory contracts for both parties. We also offer long-term global expansion support options such as payroll, onboarding, and HR services.
Learn more about our recruitment process here.