Explain each of the staffing approaches; and discuss the advantages and disadvantages of each approach.

Direct Hire: Direct hiring involves bringing in full-time employees who will be on the company’s payroll. Advantages of this approach include avoiding the extra costs associated with training or onboarding contractors, building a stronger relationship between employer and employee, as well as increased control over employee activities and commitments. Disadvantages include higher start up costs such as salary or benefits; difficulty finding highly specialized skillsets; and longer hiring periods compared to other alternatives.

Contract-To-Hire: This method is used for those situations where it makes sense to hire someone initially on a short term contract basis before turning them into a permanent employee down the line if they prove to be successful. The advantages of this approach are shorter hiring timelines since no time is spent searching for suitable candidates; there is less commitment upfront when utilizing contractors; employers also have more flexibility in terms of workloads since contracts can always be adjusted up or down accordingly. The disadvantages include limited access to highly specialized professionals due to their tendency towards full time positions; potential difficulties when transitioning from contractor status to full time employment; plus additional administrative work required for managing both short term contractors & long term employees separately.

Contracting: Contracting involves engaging outside vendors or individual freelancers that provide services such as software development, graphic design etc., without any expectations of longterm involvement. The advantages of contracting are shorter project timelines (as they’re usually only involved during specific phases); minimal overhead cost which allows companies greater financial freedom; having access to easily replaceable talent should deadlines not be met or if projects don’t go according to plan. On the downside however, controlling quality standards can often pose problems due lack of oversight compared with direct hires/contractors working onsite – which in turn could lead to further delays depending on how intricate the project is.