Hiring the right talent is tough. And it’s getting more difficult to hire qualified and specialized staff, which can be expensive.
It may seem counterintuitive, but hiring a recruiter can be a practical investment for your business. Hiring a contract recruiter will generally result in your company receiving more qualified candidates, higher completion rates from candidates, and a more effortless candidate searching experience.
The goal of hiring is to find the best possible person for the job. There are benefits to hiring an external recruiting company — this includes finding talent and value in being able to focus on your core competencies.
1. Access to high-quality talent.
Most people are hired within ten days of making a connection. You need expertise in the field, cutting-edge tools, and a network of industry professionals to establish highly qualified relationships. Recruiters can take on this task by meeting with candidates available for short periods of time before they are gone.
Connect with qualified passive candidates by using recruiters. These people are not looking for jobs and don't check job listings but may still be open to new opportunities and will listen to pitches from professional recruiters.
Knowing whom to contact and how to get in touch with them is just as crucial to finding the right job.
2. They’re industry specialists.
With a specialized partner, they can quickly discern which candidates have the appropriate experience and skill set. They also can search more accurately, so they're a great partner in finding somebody perfect for the role.
Plus, specialized recruiters are constantly meeting with employers and employees. With this inside information, they can match the perfect position with ease.
3. They can hire faster.
Companies can't afford to have empty positions for extended periods of time, business gets impacted, and added stress is given to employees.
Outsourced recruiting firms can cut your workload by handling the legwork for you. They will contact job applicants, pre-screen them, and set up interviews with them. This means that you can focus on operating your business instead of taking care of recruiting tasks.
4. Reduced turnover.
A study on the cost of hiring and replacing employees found that it can range from one-half to two times their annual salary. The average cost to replace an employee is $10,000.
Losing an employee means the cost of:
Advertising, interviewing, screening, hiring
Onboarding initiation and training
Loss of services due to lack of productivity, engagement, customer service, and errors
In the healthcare industry, inexperience can have costly ramifications and lead to more significant problems like illness, death, and lawsuits.
Another concern when hiring is turnover's effect on company morale and productivity. A firm can help ensure a sustainable recruitment process by helping to get things right in the first place.
5. A successful hiring strategy.
Hiring an external recruiter can increase the diversity of candidates and handle recruitment needs on demand to match marketplace demands.
A temp-to-perm arrangement may involve a company trying to find the right person before making a permanent hire if a more flexible option is needed.
A company's candidate experience can be a game-changer during the recruitment process. Candidates who view it positively are more likely to accept job offers. 80% of job seekers surveyed by Forward Recruiting said it played a role in their decision whether or not to accept or decline the job offer.
6. Salary benchmarking.
A specialized recruiting firm simplifies the difficulty of staying current on market standards. They do their own research to determine appropriate salary ranges and can guide you through the process.
7. Culture fit.
Culture fit is more than just a buzzword. It's essential to employee engagement, motivation, productivity, and retention. Employees who identify with their company are more satisfied, committed, and productive.
Fitting for your culture is more than just qualifications. An expert recruiter also understands that this is more than just hiring candidates that share similarities with the team - it also means finding talent that aligns with your company’s work style, vision, and goals. We recommend that companies provide transparency so that candidates can make informed decisions.
Organizations can be successful when they have a sense of mission and provide development opportunities for employees. Such organizations are most successful when they recruit people who share and can contribute to their common goal.
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