Should you pay your current employees overtime, or bring in temporary help?  Consider the following sample cost analysis.  It is based on an annual salary of $40,000 ($20.51/hr.), vs. time-and-one-half overtime, for one employee:

Cost Analysis

Although this is just a sample exercise for illustration purposes, it clearly demonstrates the economic rationale for using temporary employees.  When you need additional productive hours on a temporary basis, staffing services can lower costs, reduce burnout and improve the productivity of your direct staff.

Priority Personnel - Central Texas’ Staffing Economics Experts

Need help assessing the cost of a staffing strategy?  Contact Priority Personnel.  Our experts will work with you to determine the most productive and cost-effective way to get your work done.

Cost Analysis Assumptions

* Temporary staffing rates vary by market, but the relationship (ratio) between pay rates remains the same.

** Fringe benefits include:  holiday pay, sick leave, vacation pay, personal days, insurance, F.I.C.A., S.U.I., F.U.T.A., worker’s compensation, etc., based on a national average of 31%.

*** Based on U.S. Chamber of Commerce national average statistic of 12%, which includes firms that pay no benefits.  For small firms with moderate benefits programs, this cost is typically 40-45% of payroll, and for larger firms with extensive benefits programs, the cost can be up to 100% or more of payroll.

So we’ve done it for you!

To help you weed out the good advice from the bad, we’ve put together a quick list of Tweeters you may want to add to your follow list.  These are people that continually share helpful information–from interview best practices to tips on landing a promotion.

We hope you find these Career-Minded Tweeters helpful!

• Always display a positive attitude.
  Your attitude can be a powerful self-fulfilling prophecy.  If you have a negative attitude, 9 times out of 10 you will fail.  But, if you bring a positive attitude and display confidence, strength, and determination, you WILL be successful.
• Stay educated.
  The best way to ensure success is to stay one step ahead. Research your industry. Know what’s happening and what the experts say will happen. Look for trends. When you find them, start to train yourself in these areas. Knowledge is power.
• Create a personal elevator pitch.
  First impressions mean a lot.  If you only had 30 seconds to convince someone you were a hard-worker and a leader, what would you say and do?  Plan this ahead of time; you never know when it will be needed.
• Learn to network.
  Unfortunately sometimes it’s not what you know, but who you know (at least to begin with).  Learn to network. You can even network within your own company. Invite co-workers to lunch. Take the time to walk by someone’s office to say hello. And actively seek out opportunities to network outside of work by joining organizations, groups, etc.  You start by seeking out your local chamber of commerce to learn of upcoming events.
• Be open to new opportunities.
  Read trade publications. Listen to people in your network.  When a new opportunity presents itself, don’t sit back and wait.  Take the initiative to inquire more–and don’t be shy!

And speaking of new opportunities, if you’re in the market for a new job or just curious about what is out there, please call us today.  As San Marcos’ leading employment agency, we offer a variety of excellent jobs.