When hiring new employees, there is always much to consider. However, one of the most important choices you can make is whether to hire your new employees as part-time or full-time help. Both options have their own benefits and drawbacks. Here are some things you should consider when making your decision.
1.Part-time is inexpensive
Part-time employees tend to be your least expensive help for hire. This is due to the fact that part-time employees are almost always paid an hourly wage instead of a fixed salary. You will only ever have to pay them for the work that they do. And, so long as you are at or above the minimum wage, you get to decide your employee’s hourly pay. Part-time employees may also be less likely to expect pay raises than their full-time counterparts.
2.Part-time employees are great for times of flux
One of the best reasons to hire part-time is that you can schedule your employees strategically so that you always have exactly right amount. Since these employees only get paid for the amount of time that they work, you should never have to pay them undeservingly. This is not the case with full-time workers, as you cannot send them home on slow days. Because of the unpredictability part-time jobs can sometimes have, you should expect your employees to come and go. This is just the nature of business.
3.They may not be as committed to your business
Part-time workers do have the disadvantage of most likely being less committed to your business. Many employees will have more than one part-time job, which divides their loyalty among employers. Because of this, part-time employees may not work as hard or take as much pride in their work. If this is the case, they may need some help with time-management so that they don’t try to run down the clock. Just as well, make sure that they feel appreciated within the company. This will help boost productivity and morale.
4.The benefits of hiring full-time
Just as there are pro and cons to part-time employees, there are pros and cons to full-time employees. Full-time employees are much more likely to be committed to your business, as their financial well-being depends on the stability and growth of your company. Part-time employees will be more likely to move from job to job without really caring about your business’s prosperity. This may seem counterintuitive, as helping the business improve helps the employees, but when you’re working multiple jobs, each company’s big picture can become less important.
5.A full-time headache?
However, full-time employees will tend to be much more expensive for your company, and while they may take pride in their work, they will also feel more entitled to raises. Not to mention that full- time employees will be entitled to more benefits as well. Full-time employees can also become bored of the job, but stay for the salary. This will result in underperformance and the wasting of resources. Checking in to make sure your employees are happy in their current positions is a good way to gauge their productivity. If they seem unhappy, perhaps assigning a unique project to them or moving them around to a slightly different department can help to get them out of their rut.
6.What does your business need?
Ultimately, you need to consider what type of employee is going to serve your business best. Does your business have the resources to constantly be training new employees as part-timers come and go? Is your business just starting out and not ready for a full-time team? Or does your business need dedication and absolute expertise? Perhaps your business with require a balance of the two, but whoever you choose, make sure that they personally are the right fit for your business.
Regardless of who you hire, a steady payroll system and a good HR department are the backbone of all businesses big and small. Brand’s Paycheck can help you with any payroll or human resource issues that your business may have. We offer online payroll services, labor law posters, employee background checks, and much more. Visit our website today to learn more about what else we can do for your business.
