Question

Mortgage Financial needs to recruit 10 employees for a period of three months to assist its team of underwriters during the busy season. The company does not want to provide these 10 employees regular full-time or part-time status. As the HR manager, what would you suggest the company do in this situation?

A) increase the workload of staff
B) use contingent employees
C) outsource the underwriting function
D) do nothing about the situation
E) develop a retention plan

Answer 1

As the HR manager, I would suggest that Mortgage Financial use contingent employees in this situation. Contingent employees are temporary workers who are hired for a specific period of time or project. This allows the company to have the necessary manpower without the need for regular full-time or part-time status.

Step-by-step explanation:

As the HR manager, I would suggest that Mortgage Financial use contingent employees in this situation. Contingent employees are temporary workers who are hired for a specific period of time or project. By hiring contingent employees, Mortgage Financial can meet the increased workload during the busy season without committing to long-term employment contracts. This allows the company to have the necessary manpower without the need for regular full-time or part-time status.

Contingent employees can be hired through staffing agencies or temporary employment agencies. These agencies can help in finding suitable candidates, handling the paperwork, and managing the employment process. The company can specify the duration of the employment contract and the required qualifications for the temporary positions.

By using contingent employees, Mortgage Financial can effectively manage the temporary increase in workload without the need to increase the workload of existing staff, outsource the underwriting function, or develop a retention plan.