Why Small Businesses Benefit From Accounting Staffing Services

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Businesses of all sizes can reap benefits from accounting staffing services that are able to provide them with top job candidates. But this assistance can be particularly valuable for small businesses. Here's why:

Tighter budgets

Cash flow is the lifeblood of any organization, but small businesses are even more vulnerable to fluctuations. Managers must rely on financial professionals to ensure the fiscal well-being of their enterprise. When workloads increase, larger firms may be able to hire additional full-time accountants, but many small-business owners lack the resources to staff a dedicated team and may even attempt to do the work themselves. A better solution? Contact a reputable staffing agency that specializes in placing accounting and finance professionals for help in augmenting an existing team.

By relying on a professional staffing service for accounting and finance professionals who can handle special projects or short-term troubleshooting, a small-business owner can enjoy the following advantages:

  • Flexibility – Not every job requires a full-time employee. Engaging interim professionals through reputable staffing services allows you to address workload peaks and gain access to specialized expertise – and pay for it – only for as long as you need it.
  • Cost savings – Using temporary workers, you save on administrative and benefits costs, which is advantageous for small businesses with smaller budgets. Larger businesses are more likely to have dedicated human resources departments to take care of filtering applications and recruiting accounting and financial professionals. Small business owners can reduce their need to spend time on such tasks by working with accounting staffing services agencies.

Increased innovation

In a large business, you have many employees with diverse talents. In a small business, even when your employees are extremely talented, you tap a smaller pool for innovative ideas. New blood in the office can infuse new ideas and outlooks. An interim professional brought in for talents not available internally can impart a degree of specialized knowledge to full-time staff as he or she goes about the job.

Avoiding the cost of a bad hire

Recruiting mistakes are expensive. According to a study by Robert Half, an employee who turns out to be a poor performer monopolizes, on average, 17 per cent of a manager's time – almost one day per week. If the worker must eventually be replaced, this represents a large expense for an organization.

A bigger firm can bounce back from such a loss, but a hiring mistake can really hurt a small business. Reputable staffing services firms can help you make the right choice the first time.

Covering all bases

The best agencies specialize in locating professionals across all aspects of the accounting field, from financial analysis to payroll, taxation, bookkeeping or auditing. They can also place accounting experts capable of filling interim managerial roles or positions that require a designated accountant. Their staffing managers typically have backgrounds in accounting and finance, and they take the time to understand your unique hiring needs and workplace culture.

By enlisting the help of a staffing agency, the manager of a small business can stretch a budget, avoid a potentially devastating recruitment mistake and find skilled, vetted candidates to dovetail with the company's needs.