Pros and cons of hiring full time employee vs contractual staff

In the modern age of company operations and profit generations, the upper management has become busier and more occupied. Due to this reason, it now proves impossible for them to get involved in day to day petty tasks without compromising the growth of business. As a solution, they have started hiring staffing companies in India to ease down the pressure of internal operations.
Third party staffing companies are contractual HR agencies that offer a number of solutions ranging from payroll generation to hiring and even rolling out growth plans. These tasks are specialities of contractual HR’s services and a business is free to hire the solutions depending on their preferences. Third party staffing solutions company in India specialize in temporary staffing as many businesses need talent to execute a project instead of hiring them on a full time basis.
But when there are advantages of third party staffing companies in India then there are some disadvantages that you should know about. Listed below are a few of them.
Full time hiring – Advantages
-    The number of staff interested in working full time is more than contractual talents.
-    These talents prefer working at one company and then slowly get used to the rules, regulations and culture of the workplace.
-    Full time staff members are more competitive in nature and they try to perform their best in order to provide a certain level of revenue from their side.
-    The monthly salary of a full time employee is often lesser than a freelancer and it is easy to negotiate.
-    The full time staff member can train the new employees.
Contractual staff – Advantages
-    Contractual staff understands the needs of the project and hence they need minimal training.
-    On a project basis, the expenses on a contractual staff are less than package of a full time employee.
-    Contract staff can work from home and hence saves space in office.
-    Most contractual staff are connected with third party staffing solutions company in India so they easily move on to a new role when their job is over.
Full time employee – disadvantages
-    Their training is costly.
-    Retaining them is costly.
-    They often make their office, their comfort zone and start under-performing.
-    The older an employee is at the work place, the bossier they become.
Part time employee – disadvantages
-    In lack of contacts, it is tough to find the right talents without spending extra money.
-    Contractual staff is not always perfect fit to deliver the project.
-    Needs a lot of legal framework before they come onboard.
While a company is hiring a contractual staff, they should also consider if they really need one. Often, the big MNCs avoid part time employees because they don’t fit into the frame work of the business. Hiring a talent on contractual basis needs a lot of planning and communication as a small mistake will fail the project and the business will suffer losses.