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Based on your answers, your team should consider the following:

Scale with project-based talent

There seems to be a gap (more than 10%) between your upside and downside growth scenarios. This volatility can make scaling with full-time hires risky. 

An emphasis on just-in-time project-based resources can help mitigate the risk of making full-time hires that your business may soon find hard to support. Although the hourly costs associated with project-based hires can be higher than those associated with full-time hires, benefits can include:

  • no severance/unemployment expense should you need to right-size your team.

  • faster time to hire, given many independent consultants/contractors can support the team at a moment’s notice.

  • optionality to “try before you buy.” Some independent consultants are open to full-time roles, and projects can be a good way to mutually test fit before making a commitment to a full-time hire.
     

Regarding your organization's top hiring challenge

You said:

We are short on recruiting bandwidth, but recruiting agencies are just too expensive

Our advice:

Recruiting agency costs reflect the time and effort needed to identify and engage the right candidates with your brand. Recruiting partners with a more efficient process for candidate identification and engagement can pass on those cost savings to clients.
 

You should look for the following in a talent partner:

  • Do they automate sourcing?

    • There is no reason a human should click through profile-by-profile on LinkedIn Recruiter to assess a resume fit. Technology can augment human evaluation to reduce the time required to identify the universe of qualified candidates by as much as 90%.

  • Do they apply marketing principles to talent acquisition?

    • Masked outreach on behalf of an anonymous client results in lower engagement rates. Forward-looking agencies market your brand, not just roles, to resume-qualified candidates. If done effectively, this approach increases engagement rates and expands your pool of qualified, interested candidates.

What's next? We can help!

To learn more about how to scale your organization using project-based talent, check out Talent Response.

To learn more about how to scale your organization using full-time talent, check out Hire Learning.
 

Contact us to schedule a call