article thumbnail

Hiring Temporary vs. Permanent Employees: Benefits & Disadvantages

4 Corner Resources Staffing Blog

This is because the only wage-related cost of temporary employees is their compensation, whereas permanent employees also bring costs in the form of taxes and benefits. Specialized expertise Temporary employees allow you to access specialized knowledge without the expense of hiring a full-time employee.

article thumbnail

The Gig Economy and Its Impact on Staffing Strategies

Recruiting Daily

Retention through Value-Based Compensation One of the biggest reasons why professionals hop from one employer to the next is because they’re always looking for better perks, benefits and compensation. If you want to retain talent, you need to have a strong, well-thought-out compensation plan that matches employee expectations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Difference Between Employee Turnover and Attrition

Contract Recruiter

Conversely, industries like the Energy or Chemicals sectors have approximately 12%. What pressures result in higher turnover, such as compensation? It’s important to note that turnover rates vary extremely widely. Retail employees have an extremely high turnover rate, at around 60%. What is Employee Attrition?

article thumbnail

219+ Next-Level Interview Questions to Ask Candidates

Recruiting Blogs

It’s the genuine interest in and excitement about expanding their knowledge base that is attractive. It will also reveal how your candidate thinks about their knowledge base. A candidate who is willing to negotiate a creative compensation package if the salary is lower than expected is also a good sign.

article thumbnail

The recruitment process: 10 things you need to master to succeed

Workable

Imagine the amount of energy, money and resources invested into a single marketing campaign to call attention to a specific product, service, concept or another area. While it’s important to outline the duties of the position and the compensation for performing those duties, including only those details will come off as merely transactional.

article thumbnail

Guide to Hiring Employees in Malta

Recruiters Lineup

Employers must follow fair and just practices, providing adequate notice or compensation in case of termination. Employers in Malta may choose to offer additional benefits, bonuses, or allowances voluntarily, but the legal requirements regarding compensation and benefits should be verified based on the latest legislation in force.

Hiring 79