When you work with temp agencies to fill your staffing needs, they profit by charging a percentage of the wage paid to your contractors and temps. This may leave you wondering, “What percentage do temp agencies take?” Unfortunately, there is no standard answer. Depending on the skills required and the contract between a company and its temporary staffing company, rates for staffing could be as much as 150 percent of the employee’s salary.
Does That Mean Temp Workers Make Less?
If you asked the average temp or contract worker, “How much do temp agencies take from your pay?,” they would probably need to check their contract to answer you. Overall, temps and contractors understand that those fees paid to their temp agency allow them to easily and smoothly transition from one project to another. The benefits for staff far outweigh the drawbacks.
Will Working with a Temp Company Affect Profits?
You may be worried that paying an outside company could affect your margin percentage. What is margin percentage? When you refer to your profit margin in percentage, you may see little impact, as the expense is offset by improved productivity and fewer internal hours dedicated to staffing. This all may leave you wondering, “What is a good profit margin percentage for a company that hires a temp agency?” The answer will vary depending on the size and scale of your operations, as well as many other factors. Overall, a good profit margin percentage is one that allows your business to grow.
What Does Working with a Temp Agency Cost You?
As you can see, the real answer is more complex than just asking, “What percentage do employment agencies charge?” It’s about what value and services have been provided, and how efficient they are at meeting your needs. Instead of paying premium prices for a number of small-scale temp agencies and staffing services, you should consider working with an RPO provider.
When you try to hire staff internally, there can be extensive delays that can push back projects or even result in your company losing a contract. Working with an RPO like Singular can ensure that you can hire the temporary staff you need in the locations where your clients need your services.
Singular Should Be Your First Choice for Temporary Staffing
If you need to outsource your temporary staffing, Singular should be your first choice. As a division of Airswift, we can draw on Airswift’s global network of contractors, as well as our ability to train and relocate highly skilled temporary staff. We have locations in every major energy hub around the world, ensuring that not matter how remote or challenging the location, we can connect you with the talent and staff you need to get the job done on schedule.
Instead of spending weeks of internal staff time on finding temporary staff for your next contract, contact Singular. We can handle every step of the process, and the results will make it clear that our services are worth every penny paid.