Staff Swapping

How far are you willing to go to keep your staff employed? This option may test your limits, and it includes hiring out your employees to other companies…possibility even your competitors.

It may not be an option if everyone in your industry is experiencing the same financial downturn from circumstances outside of your control and not based purely on a company performance issue. If that is the case, creative thinking to determine which industry is doing well at that time and could use the same talent, (charities and nonprofits are a surprising option in times of crisis). It’s an important consideration if you don’t want to lose those employees while you can’t continue paying their salary.

The reason this works for the “sharer” company is that they may not be able to hire someone with that skillset full-time, but this temporary leasing of the talent gives them the opportunity to use the skills for brief projects and then they can stay on as a full-time employee of the “sharee” company.

Companies that offer this staff swapping service are StaffShare and Industry Sharing (for the gaming industry) in the UK. In the United States several states have adopted work sharing. In Feb 22, 2012, The Layoff Prevention Act of 2012 was enacted to spur adoption of the state work sharing programs. Employers work with the state ensuring that they will maintain health and retirement benefits.

If loaning your staff isn’t a feasible option for your company, consider speaking with Wimbush & Associates, INC where the industry focus is in manufacturing, lighting, electrical, architecture, engineering and construction. Hire right the first time. Schedule a strategy or outplacement consultation call with Wimbush & Associates today. Call (714) 988-2230 or email us at [email protected].