𝗗𝗼 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘁𝗵𝗲 𝙩𝙧𝙪𝙚 𝗰𝗼𝘀𝘁 𝗼𝗳 𝗵𝗶𝗿𝗶𝗻𝗴 𝗮 𝘀𝘁𝗮𝗳𝗳 𝗺𝗲𝗺𝗯𝗲𝗿? It’s easy to think that hiring in-house is the most straightforward way to grow your team, but have you factored in the full cost? Salaries, superannuation, training, downtime, and recruitment fees quickly add up—without even considering the cost of replacing someone if things don't work out. For example, the true cost to a business for a salary of $90,000 is close to $150,000 when you factor in all the extras. Outsourcing to an experienced partner like Property Management Partners can often be a smarter, more affordable option. Our onshore team of qualified property managers work seamlessly with your software and processes, with no downtime, no hidden costs, and full flexibility to scale as your business needs. Isn’t it time to consider a more cost-effective, reliable alternative? If you’d like a free copy of our true cost staff worksheet, comment "TRUE" below! #PartneringWithThePMIndustry #Me2WeWithPMP #CollaborationOverCompetition #Oustourcing #RemotePortfolioManagement #CostSaving #AustraliaWide #Inspections #Onshore #PropertyManagement #Staff
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𝗗𝗼 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘁𝗵𝗲 𝙩𝙧𝙪𝙚 𝗰𝗼𝘀𝘁 𝗼𝗳 𝗵𝗶𝗿𝗶𝗻𝗴 𝗮 𝘀𝘁𝗮𝗳𝗳 𝗺𝗲𝗺𝗯𝗲𝗿? It’s easy to think that hiring in-house is the most straightforward way to grow your team, but have you factored in the full cost? Salaries, superannuation, training, downtime, and recruitment fees quickly add up—without even considering the cost of replacing someone if things don't work out. For example, the true cost to a business for a salary of $90,000 is close to $150,000 when you factor in all the extras. Outsourcing to an experienced partner like Property Management Partners can often be a smarter, more affordable option. Our onshore team of qualified property managers work seamlessly with your software and processes, with no downtime, no hidden costs, and full flexibility to scale as your business needs. Isn’t it time to consider a more cost-effective, reliable alternative? If you’d like a free copy of our true cost staff worksheet, comment "TRUE" below! #PartneringWithThePMIndustry #Me2WeWithPMP #CollaborationOverCompetition #Oustourcing #RemotePortfolioManagement #CostSaving #AustraliaWide #Inspections #Onshore #PropertyManagement #Staff
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Myth Buster Alert! Contractors = Expensive? Let's chat! 🛠️🤔 I come across this myth quite often - the belief that hiring contractors is a costly venture. I'm here to add a fresh perspective from someone who's seen both sides of the recruitment coin. Firstly, understanding value is key. Contractors often specialise in niche areas, bringing in expertise that can boost efficiency and achieve results faster. Their focus on specific projects can lead to more substantial outcomes, often saving money in the long run. Secondly, flexibility is key. Contractors offer businesses the opportunity to scale their workforce according to project demands without the long-term commitment of a permanent hire. This flexibility can be cost-effective, especially during uncertain economic climates. Now, let's talk about ROI. Contractors may present a higher upfront cost, but when you factor in the absence of traditional employee benefits - think pensions, sick leave, and holiday pay - the investment can make solid financial sense. Finally, consider your time. In the fast-paced work environment we inhabit, efficiency is gold. A contractor's ability to hit the ground running, without the often lengthy onboarding process, saves time. And as we all know, time is money. The bottom line? It's crucial to assess the bigger picture and long-term outcomes. Qualified contractors are not just an expense; they're an investment in your company's agility and a strategic tool for growth. Thoughts? Experiences? Let's debunk more myths! Share below. 👇 #HiringStrategies #CostEfficiency #Contractors
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Why Are Contractors More Expensive Than Permanent Hires? 🤔 It’s a question I hear often, and the answer isn’t as straightforward as it might seem. Contractors and permanent employees each bring unique value to businesses, but here’s why contractors typically come with a higher price tag: 🔧 Specialized Expertise Contractors often possess niche skills and extensive experience, making them a perfect fit for short-term projects or high-priority tasks that require immediate results. ⏳ Flexibility and Availability Businesses pay for the contractor’s ability to hit the ground running and adapt quickly. There’s no onboarding, training, or ramp-up time—you’re paying for instant impact. 💸 No Long-Term Costs While their hourly or daily rate might seem high, contractors don’t require benefits like pensions, holiday pay, sick leave, or insurance. You pay only for the work delivered, with no additional overheads. 🚀 Scalability Hiring a contractor allows you to scale your workforce up or down based on project needs, without the financial commitment of a permanent hire. 💼 Independence Contractors manage their own taxes, training, and tools. These added responsibilities are reflected in their rates, as they essentially run their own businesses. The bottom line? Contractors are an investment in expertise, speed, and flexibility. While they may cost more upfront, the value they deliver can often outweigh their higher rates, especially for businesses with immediate or specialized needs. What’s your experience? Have you found contractors worth the extra cost, or do you prefer the stability of permanent hires? Let’s discuss! 💬 #Contractors #Perm #Contract #Recruitment
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Hiring global independent contractors is incredibly common in todays business environment. This approach works great for many companies but can cause issues with compliance and control, especially as independent contractor teams get larger. We have helped multiple clients transition their independent contractor teams to full time, salaried employees to overcome the aforementioned challenges. Check out this article to learn more:
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Are You Struggling with the End of Fixed Term Employment Contracts? 🌟DISCOVER the GAME CHANGER: Managed Contracting🌟 In today's rapidly evolving business landscape, recent changes to fixed-term employment contracts have left many companies in a bind. Are you feeling the pressure to maintain project efficiency and operational flexibility? If so, it's time to revolutionise your workforce strategy with Managed Contracting. Unlock a World of Possibilities Imagine a workforce solution that offers: 1. Financial Wizardry: Slash costs while boosting worker income and satisfaction. It's not magic, it's Managed Contracting. 2. Flexibility on Steroids: Ride the waves of project fluctuations without drowning in IR regulations. 3. Administrative Nirvana: Say goodbye to paperwork nightmares and hello to streamlined efficiency. 4. Talent Magnetism: Attract the crème de la crème of professionals like never before. 🌟THE SECRET SOURCE: Managed Contracting🌟 Forget the hassle of shuffling workers between projects headaches of trying to shuffle workers between projects. With Managed Contracting, you can focus on what truly matters – driving your business forward. It's not just a solution; it's a revolution in workforce management. 🌟TAILORED JUST FOR YOUR BUSINESS: Managed Contracting🌟 We don't believe in one-size-fits-all. Our personalised assessments will show you exactly how Managed Contracting can transform your operations and supercharge your financial outlook. Don't Let the new Fixed Term Contract Regulations HOLD YOU BACK, remember this does not spell doom and gloom for your business. Embrace the future with Managed Contracting and watch your success soar. Ready to take the move forward and experience the "Managed Contracting Revolution". 🌟EMBRACE CHANGE🌟 EMBRACE FLEXIBILITY🌟EMBRACE SUCCESS🌟 DM me for an information package or a no-strings-attached assessment that has the potential to change the game for your business.
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Employee vs Contractor: What’s the Cost & Timeline? Thinking about growing your team? 🤔 Here’s a quick breakdown of what you need to know about the costs and timelines for hiring employees vs. contractors: 🧑💼 Hiring Employees: Costs: Beyond salary, there’s the cost of benefits (healthcare, retirement plans, etc.), payroll taxes, insurance, and other perks. On average, benefits add about 30% to the base salary! Hiring Timeline: Typically takes 3-6 weeks from job posting to onboarding, with interviews, background checks, and paperwork to consider. Finding the right cultural fit can extend this process. 👩🏽💻 Hiring Contractors: Costs: Usually no benefits or taxes to worry about; you just pay for the work they do. Hourly or project-based rates vary depending on the skillset and industry. Hiring Timeline: You can often bring a contractor on board much faster—sometimes in just a week or two! This makes it an efficient option for short- term projects or specific expertise. Which is right for your business? 💡 While both could offer long-term stability and growth, but contractors could provide more flexibility and immediate expertise. It’s all about finding what works for your business needs and goals! #HiringTips #BusinessGrowth #EntrepreneurLife #ContractorVsEmployee #TeamExpansion #SmallBusiness
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Contractor or Employee? How to Make the Right Choice Choosing between hiring an independent contractor (1099) or an employee (W-2) is crucial for your business. Here are some guidelines to help you make the right decision: Consider hiring a Contractor when: ▪ You have a specific project or task in mind. ▪ You don’t have guaranteed ongoing work for that person. ▪ You want to benefit from a service provider’s expertise without needing to provide training, strategies, and protocols. ▪ The work doesn’t require scheduled hours or a fixed location. ▪ The work can be performed independently without oversight. Consider hiring an Employee when: ▪ You have ongoing work for the role. ▪ The worker needs to follow your company’s protocols or use your equipment. ▪ The work requires scheduled hours and/or a fixed location. ▪ The work requires oversight and management. Key Considerations According to the IRS: ✔ Behavioral: Do you control how the worker performs the job? The more control you have over their schedule, location, tools, and methods, the more likely they are to be classified as an employee. ✔ Financial: Do you control aspects of the worker’s job, such as their pay and whether they can seek other work? If so, the worker is more likely to be classified as an employee. ✔ Relationship: Does the employer provide benefits like insurance or paid time off? Is the job expected to last indefinitely? Are the services provided a key aspect of the business? If any of these are true, it’s possible the worker should be classified as an employee. Making the right choice not only ensures compliance but can also significantly impact the efficiency and success of your project. If you need more guidance on this topic, feel free to reach out. I’m here to help! #ContractorVsEmployee #HumanResources #LaborLaw #TalentManagement #HR #BusinessAdvice
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Contractors or Employees? Making decisions on staffing can sometimes feel like walking a tightrope. On one side, you have the potential agility and specialist skills brought by contractors. On the other side, the stability and commitment often shown by full-time employees can be just as alluring. The benefits of hiring contractors are compelling. They provide access to a broad pool of talent, allowing your business to fill skills gaps temporarily or for specific projects. This flexibility can be ideal for startups or businesses in their growth phase, where needs can shift rapidly. However, employees bring a different set of benefits. They likely have a deeper connection to your business and could bring a sense of continuity and loyalty that is hard to find elsewhere. Employees generally have a greater vested interest in the long-term success of your company, which can translate into quality of work and commitment levels. Navigating tax and legal systems for either employees or independent contractors is a challenge in itself. Sound advice and up-to-date contracts represent an investment in the reliability and legality of your business structure. In the balance of employees vs. contractors, there is no definitive answer as the best route ultimately depends on your business's unique needs and circumstances. To read more kindly click on the following link: https://lnkd.in/edpWnzfS Website: www.roxburghonline.co.uk Contact: https://lnkd.in/gmPSi5fw #BusinessGrowth #ContractorVsEmployee #StaffingDecision
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Discover the Benefits of Using Our Temporary Contractor Services In today’s fast-paced business world, flexibility and efficiency are key to staying ahead. Our temporary contractor services provide you with the skilled professionals you need, exactly when you need them, without long-term commitment. Whether you’re facing a sudden surge in demand, a special project, or a temporary vacancy, we have the solution. Why Choose Us? 1. Access to Top Talent Highly Qualified Contractors: Our rigorous vetting process ensures you get access to experienced and reliable professionals across various trades and industries. Specialized Skills: From IT specialists and engineers to accounting and administrative support, we have the right talent for every project. 2. Cost-Effective Solutions Save on Hiring Costs: Avoid the expenses of traditional hiring, such as recruitment fees, benefits, Unemployment, payroll taxes, and training costs. Flexible Pricing: Choose from a range of pricing models to suit your budget and project needs. 3. Quick and Easy Hiring Process Rapid Deployment: Our streamlined process means you can fill vacancies quickly, minimizing downtime and keeping your projects on track. Custom Match: We carefully match contractors to your specific requirements, ensuring a perfect fit for your team. 4. Enhanced Productivity On-Demand Workforce: Scale your workforce up or down based on project requirements, ensuring optimal productivity without overstaffing. Focus on Core Activities: Let us handle the hiring and management of temporary staff, so you can focus on your core business activities. 5. Risk Mitigation Compliance and Safety: All our contractors are fully compliant with industry regulations and standards, reducing your risk and liability. Trial Periods: Evaluate contractors during a trial period before making long-term commitments, ensuring they meet your expectations. #contractorrecruitment #enhancedproductivity #riskmitigation #easyonboarding #costeffectivehiring #toptalent
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Reduce the Headaches of Hiring with Temps! Employing temporary workers through an agency is an effective strategy for quickly tackling any business gaps. Temps can offer enhancement to overall efficiency and also allow for your company to promptly address any existing work backlogs. 🏃♂️ Agility and Convenience: Labour hire allows for precise scaling of your workforce as needed, minimising costs and maximising profitability at short notice. Additionally, contractor support mitigates stress for permanent employees during peak periods, fostering a positive work culture and reducing potential turnover. 🤝Effortless Candidate Onboarding: Agencies seamlessly manage talent sourcing, vetting, payroll, superannuation, and all back-end admin associated with hiring, delivering a ready-to-go candidate, saving you time and effort. Our clients can also bypass traditional red tape associated with employment (such as headcount approval), ensuring optimal resource allocation for business-as-usual duties and project success. 📆 Plan Ahead for EOFY: While the End of Financial Year may seem distant, it always has a tendency to sneak up! Anticipating your contractor needs now ensures full efficiency during a period of increased volume, where attention to detail is paramount. Having a conversation with me today and discussing a contractor plan, ensures you maintain a robust team for the demanding EOFY season. I work closely with a network of reliable and experienced accounting & finance contractors - if you forecast a busy period or have an immediate need, reach out and let's catch-up. 📨 Joshua@kennedyreid.com.au 📲 +61 408 762 726
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