Inflation isn’t just a buzzword – it’s a reality that’s hitting small businesses hard.
Although inflation rates nationwide are, thankfully, slowing (it was measured at 2.5% in August 2024, the lowest it’s been since February 2021), the cost of living has continued to skyrocket. As such, bringing new full-time employees on board has become more expensive than opting for a staffing agency.
Let’s explore why this is the case.
The Rising Cost of Full-Time Employees
Inflation has driven salaries up to record levels. According to the Center for American Progress, workers’ paychecks are growing faster than prices. For small business owners, costs add up quickly.
And salaries are just the tip of the iceberg. Benefits such as health insurance, retirement plans, and paid time off have also seen price hikes. A recent survey by the Society for Human Resource Management found that the average cost of employer-sponsored health care coverage is expected to increase by a whopping 9% in 2025.
Not to mention the fact that new hires require training – which means investing more time and money. When you’re already stretched thin, these costs can be overwhelming.
The Staffing Agency Advantage
Before you start to panic, turn to a staffing agency. This allows you to scale your workforce according to demand. If you need extra hands for a specific project or during peak seasons, a staffing agency can provide temporary staffing, saving you from the long-term financial commitment of full-time hires.
At KB Staffing, we also handle administrative tasks (like payroll, benefits, and compliance with labor laws). You’ll save on administrative costs and reduce the risk of non-compliance penalties. That’s all while being able to focus on what matters most: running your business.
Finally, staffing agencies have a broad network of candidates, making it easier to find skilled workers quickly. This is particularly beneficial for specialized roles that are hard to fill. We can reduce your time to hire and help you succeed faster.
The Takeaway
In today’s economic climate, the cost of hiring full-time employees is simply too high for many small businesses. Whether you’re in the manufacturing, construction, or event industry in Polk County, our full-service staffing agency is here to help. We service Lakeland, Winter Haven, and the entire Polk County region – we’re your go-to for Central Florida hiring.
We’ll make sure your business is staffed with the best possible talent – while providing you with a buffer against our astronomical costs of living. Don’t stress – contact KB Staffing for tailored support and custom staffing solutions.
