Do you have visibility into your total labor costs? If your business uses freelancers, consultants, or temporary staff on a regular basis, it's crucial to use tools that let you manage these costs with the same rigor you use for your full-time employees. Unchecked expenses can lead to inaccurate data, making it challenging to evaluate performance and impeding growth.
Today, hiring struggles are commonplace. Companies are seeing less-than-usual candidates available in the labor market, resulting in more competition for talent. As a result, organizations are exploring ways to expand their recruitment reach.
Over recent months, fears of an upcoming recession have continued to grow. The current landscape is challenging from an economic perspective. Inflation is pushing up prices for various goods and materials, leading to higher costs for businesses in nearly every sector. Plus, wage expectations among professionals are trending upward, and many companies are seeing their payroll increase dramatically to remain competitive.