As a result of the global pandemic’s financial impact, countless employees were furloughed. Employees are looking to transition back to work and businesses are searching for a budget-friendly way to bring former employees back.
For companies who downsized by conducting furloughs or rather temporary leave as a result of the global pandemic's financial impact — bringing back former employees is a fairly simple process. Reductions in workforce, furloughed employees and payroll cuts have been a few of the employment consequences of the COVID-19 pandemic.
Bringing back employees that were furloughed or laid off through a payrolling service allows your business to continue to utilize the valuable skills of former employees by transferring them to a staffing agency's payroll at a fraction of the price of a new hire.
Cost of Rehiring Furloughed Employees
Rather than finding new talent through an agency, our clients may send the furloughed or laid off employees to a staffing agency to take care of the financial side while clients are able to focus on their core business.
Hourly Pay Rate x Discounted Markup = Hourly Bill Rate
Payrolling means that TPI Staffing is the employer of record and manages all payroll expenses such as taxes, unemployment, workers' compensation, insurance and W-2 - allowing you to focus on your core business. The flexibility of the payrolling option is a great benefit during times of financial uncertainty.
TPI Staffing has been serving the Houston area for more than 30 years, showing we have helped local businesses since 1988. If you are in need of filling your open positions with the right job candidates, contact our team of recruiters today to work with one of the best temporary staffing agencies in Texas.