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Temporaries - Alternate Staffing
In addition to permanent employees, temporary professionals have been used for many years for projects, peak times, vacations, or to perform high level functions on an interim basis. Temporary financial employees are hired to perform a specific task or function, such as financial statement preparation, gas imbalance reconciliation, or bank
reconciliation, or to act as interim financial managers. In a Fortune magazine survey, 38% of the respondents, all Fortune 500 CEOs, stated that they will hire temporary workers, and only 10% said they would not hire temporaries. The use of temporaries runs the gamut from staff accountants to interim CFOs.
- Staff Accountants
- General Accounting
- Financial Reporting
- Cash Management
- Internal Audit
- Senior Accountants
- Accounting Managers
- Accounting Supervisors
- Auditors- Public Accounting
- Credit & Collections
- Tax- Public Accounting
- Tax- Federal, State & Local
- Controllers
- CFOs
The rate paid for temporary services has a direct correlation to the
task at hand. Also, you can request temporary employees who have performed the task or function, and typically require little or no learning curve for the specific task. The rate paid for the skills needed to perform the task, whether the temporary employee has five years of experience, or 25 years of experience would be similar. So, by paying for the skills for the specific project, you may receive the benefit of the temp's additional years of experience. Temporary employees
also allow employers to utilize high levels of expertise when needed, for example: to turn-around a troubled company, or run the financial aspects of a company
Rates per hour for temporary services depend on the complexity of the task or project.
Temporary Staffing- Rates per Hour*
Degreed Accountants $35 - $60
Management Level $50 - $150
Executive Level $100 - $275
*Rates represent ranges based on function complexity
Accounting and financial functions will continue to be staffed with permanent, core staffing, with use of temporaries to augment the workforce. Utilizing these alternative staffing options, financial managers and business owners will be able to reach their goals with optimum staffing capabilities.
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