The Stock Market is WHY You Should Offer Contracting

We get it. You’re a direct hire recruiter. You earn direct hire recruiting fees. You like cashing direct hire placement checks.

All of that makes perfect sense. And we certainly don’t blame you. Bringing down $25,000 (or more) in one fell swoop is pretty sweet.

BUT . . . unless you’re also offering contract staffing, then you’re leaving your agency exposed. You’re making it more vulnerable than it has to be. Why? Because of the Stock Market.

You might be thinking, “What are you smoking? The Stock Market has been on fire! If anything, the Stock Market is why I should forget all about contracting and keep cranking out as many direct hire placements as I can.”

Unfortunately, it’s a little more complicated than that.

“There will be a bear market”

Sure, the Stock Market has been on fire. However, its activity has produced a set of unique circumstances that have the potential to affect the broader economy in a very negative way. Don’t believe me? Then perhaps you’ll believe the strategists at Goldman Sachs International. This is what they had to say in a collective note released last week:

“It has seldom been the case that equities, bonds and credit have been similarly expensive at the same time, only in the Roaring ’20s and the Golden ’50s. All good things must come to an end. There will be a bear market, eventually.”

All good things must come to an end. There will eventually be a bear market. Hmmmm . . . what will that look like, exactly? Well, if you were in business during The Great Recession, you can probably answer that question. Actually, if you were in business during The Great Recession and you’re still in business, then you’re one of the lucky ones.

That’s because a whole lot of recruiting agencies went belly-up. And the ones that didn’t definitely felt the pain of the recession. So if the strategists at Goldman Sachs International are saying that “all good things must come to an end” and “there will be a bear market,” what should you do?

Get ready for that bear market by adding contract staffing to your business model!

Fight the bear with contracting!

Look, all those direct hire job orders are going to dry up. And that’s if we experience an average recession. What if it’s worse than average? What if it’s similar to The Great Recession? Then what?

Top Echelon Contracting has been in business for the past 25 years. We’ve seen more than our fair share of recessions. We know what happens in a recession. Companies still have to get work done, so they start hiring on a contract basis and not a direct basis. We’ve seen it happen time and time again.

Here’s the good news: we can help you add contract staffing services to your business model without you having to spend a lot of time and effort doing it. It’s actually a lot easier than you think. You just have to get yourself set up for what’s coming.

All you have to do is give us a call at (888) 627-3678. We’ll walk you step-by-step through the process. It won’t take long, and you can go back to cranking on those direct hire placements.

Until those job orders dry up, that is. Then you can shift gears and start making contract placements while other recruiting agencies start dropping like flies.

The current state of the Stock Market is WHY you should offer contracting to your clients. It’s NOT a reason why you shouldn’t.