A Best Practices Suggestion

With tighter budgets, often ‘no’ budget, and reduced headcount, companies find it challenging to complete the necessary daily tasks. Compound that with a special project or two and you get an overworked team. Or, perhaps you have planned for that additional full-time hire, but it has not been approved. The alternative approach, hiring of additional resources on an as needed basis, is commonly referred to as ‘contract staffing.’

Comparatively speaking, contract staffing can also be cost-effective without the additional cost of benefits and overhead. Companies get access to ‘top talent’ for the duration of time needed. Clients also benefit from the best practices that contract workers bring from prior experience. Many contract workers are specialists in their areas of expertise and have niche experience that has proven to be beneficial to projects.

Our advice for companies who currently have hiring restrictions is to consider contract staffing as an alternative. We have a talented team of professionals in accounting and human resources that are high achievers in their disciplines. They enjoy the challenge of contract work, the ability to bring new ideas to companies and the reward of helping companies meet the demands of the special projects. Think about contract staffing -- the benefits you and your current staff will receive might just astound you.

Project Examples

• Interim CFOs & Controllers
• Audit preparation
• Internal and external financial reporting
• Tax accounting
• Budgeting and analysis
• Account reconciliation
• Bankruptcy support
• Accounting clean up
• International business and tax
• Forensic accounting
• Crisis management
• Inventory analysis
• Internal controls review
• Business process benchmarking, improvement and design
• Financial software implementation
• Updating of HRIS system
• Implementing a new record keeping system
• Implementing a new payroll system
• HR management consulting
• Rollout of new benefit plan

Examples of when to use contract staff

• Maternity/paternity or medical leaves
• Interim staffing while recruiting the next full time hire
• Hard to find skills are needed
• Work overload
• Tight deadlines with limited staff resources
• Budget constraints prohibit full time hire
• Unique skills needed for a one-time project

For more information or questions contact:

Nashville
Sherrie Whatton; swhatton@lbmc.com; 615.309.2428