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
We continue to lose solid candidates late in the interview process
Prolonged interview processes are commonly at fault for losing out on top candidates.
Sometimes interview processes are prolonged due to FOMO on a potentially better unicorn that may come along later. Data-driven talent acquisition partners can help transparently paint a picture of what the talent marketplace looks like for a particular role so that your firm no longer has to guess, “Are we missing out on someone better who may come along?”
By leveraging technology to quickly identify the universe of relevant candidates, a data-driven agency like Hire Learning can present qualified candidates to you when your needs are most urgent.