Hess Associates

5) Financial – Benefits like life insurance, stock options, pension or portion of CPP/QPP or EI are not paid to independent Contractors allowing a company to have a stable cost base and better budget control

4) Flexible – Variable work load allows a company to tailor the work force to the load. Moreover projects that need to be done quickly can be accomplished by a contractor without disrupting the flow of larger projects that permanent staff are working on..

3) Evaluation – Matching a candidate with a specific company requires a good fit with the culture, the team and the project. Hiring the person as a contractor before offering a permanent position allows the company time to evaluate in an “on the job” situation whether it will be a good fit.

2) Faster – When specific expertise is required, a contractor with the specific experience can get the work done more quickly than an employee who requires a learning curve to get up to speed. The contractor also knows the potholes to avoid and can help avoid costly errors.

1) Perspective – Contractors because of their varied experience bring a fresh view and new ideas to the team that can ensure the success of the project.

What are contract and temporary workers? Temp workers are short term employees often used to fill short term staffing needs – e.g. holidays, sickness, whereas contract workers are often strategically required specialists, often running special projects or assignments. Recently due to skill shortages and the desire to attract key staff, the use of especially contract staff has increased and is increasing.

In Q1 2013 US companies hired close to 3 million such workers per day. 1

The use of temp or contract workers is increasing within the biopharmaceutical industry – certainly in Canada. 2
This has partly been ascribed to more women entering this industry over the past few years – thus companies are dealing with maternity leaves where contract replacements are common. Additionally biopharmaceutical companies have feast or famine years, wherein it is better to reduce fixed costs – hiring contract specialists obviates the necessity of high employee overhead commitments.

From the worker’s perspective,this form of insecure employment can offer an opportunity to enter the biopharmaceutical industry, to learn or hone specific skills, to grow a network, to evaluate a type of position or career, without a major commitment.

Companies are hiring contract sales, upstream or downstream contract manufacturing, legal, paralegal, accounting, quality, regulatory, scientific, clinical research, and other specialists as required in an effort to hire quickly and cut operating costs.

[Please contact Hess Associates to discuss/ evaluate your contracting requirements.]

1 http://www.americanstaffing.net/statistics/employment.cfm
2 http://www.pharmaceutique.ca/conseils-emploi/travailler-dans-le-secteur-de-la-pharmacie/travail-temporaire-dans-les-metiers-pharmaceutique-1/

Share With Your Colleagues...
    A Job Seniors Can Bank On Why You Should Hire an Overqualified Person Does a Vacation Make You More Productive? Dress for Success While You #PressforSuccess What a Difference a Class Makes Before You Send a Resume, Do These Things Why it Makes Sense to Give Your Staff an XMas to New Year’s Break Women in the Male Dominated Workplace: Plight and Progress When Does Using a 3rd Party Recruiter Save You Time & Money? What is Corporate Cultural Fit? Why Hire a Recruiter on an Exclusive Basis? Should a Man Wear Brown Shoes to an Interview? Why is Retirement so Challenging? When is it time to look for a new job? Getting over the Sluggish Blues What is CRISPR-Cas9 and Gene Editing anyway? Dating and Your Workplace – Do or Don’t – But Most Do 10 Ways to Work from Home Efficiently How do Deal with Annoying People at Work Is a Manager Entitled to Overtime Pay in Ontario? What are the Disadvantages of Hiring Contract vs Full-Time? Mind the Gap!!! And How to “de-Gap” your Resume How to Hire the Best Talent 5 Reasons to Hire a Consultant The “Pink Collar” Man in the Glass Elevator How do You Find a Summer Job in Ontario? How to Keep Employees Happy and Motivated Who or What is Generation Z? How to Annoy your Recruiter Should Candidates Ask Questions During an Interview? How Hiring Managers are Using Social Media to “Vet” Potential Candidates Rearing the “All Digital Generation”? Is the traditional resume disappearing? No Future for Voicemail on Land Lines Online Programmatic Advertising The Internet of Things Women and the Boardroom 2014 FitBit and the Workplace Working for a Younger Boss Stephen Poloz and Working for Free How Important Are Reference Letters? Psychological Health and Safety in the Workplace Ideas on Changing Careers Back To The Future 10 Telephone Interview Tips On Edward Snowden and Privacy Issues The Second Most Important Issue Facing a Small Company What is Bitcoin – What Are Bitcoins? WXN Top 100 Most Powerful Women 2013 The Dollar Cost of Employee Turnover Five Most Important Reasons a Company Should Hire Contract Staff Use of Contract Workers in the Biopharmaceutical Industry Metadata Monsters Tips on Conducting Video Interviews with Candidates What is Epigenetics? Toronto HotDocs Exposé of the Dangers of the Internet