Recruitment today has become extremely challenging over the past few years. Due to candidate driven-market and high competition of talent, finding top-tier candidates has become considerably difficult for hiring managers.
Furthermore, companies nowadays operate in a highly uncertain business environment, hence they have to resort to reactive hiring. Consequently, the recruitment process more complicated as recruiters are unable to focus on strategic initiatives such as team collaboration.
All of these challenges, combined with macroeconomic complexities, can weak havoc on a recruitment plan. Therefore, most top companies, especially in the IT industry, have started to outsource their talent acquisition and hiring function to third-parties—mainly staff contractors.
They assume the responsibility of employing candidates as well as background checks and pre-screening, among other tasks associated with bringing employees on board. Let’s find out three important ways of how hiring a seasoned and educated recruiting team can help your business:
High level of expertise leads to faster and improved hiring process
Due to the changing dynamics of the recruitment industry, in-house hiring managers require an extensive amount of time to find qualified employees. From pre-screening to interviews, there are several tasks and responsibilities that can make recruitment period lengthy.
Staffing agencies, on the other hand, can substantially cut down the time of the recruitment process. They have employed knowledgeable, highly specialized professionals who can connect the employer with top-talent available in the market.
These hiring specialists have their finger on the pulse of the market and understand employment trends and recruitment practices as they deal with an assorted range of customer needs regularly.
In addition to that, the compensation package of most consultants is linked to their aptitude to fulfill client requirements in the shortest timeframe, hence they are highly productive and do their homework well to ensure high customer satisfaction.
Bigger network means access to a large pool of talented employees
In-house recruiters usually have good networking skills and maintain a circle full of people who can potentially fill positions in their company. However, it is no match to a large network of candidates maintained by recruiters in staffing agency.
Unlike regular hiring which requires advertisement of a job opening, screening, test, and interview, among other hiring processes; staffing agencies have a list of reliable and qualified employees who can fill the job position in a very short time.
Professionals at staffing agencies have established relationships with employees with experience, skillset, and proven track record of employment or temporary work, which makes it very convenient for them to provide a suitable candidate to employer quickly.
Furthermore, employers also have the flexibility to choose from a large pool of applications with a diverse range of experience and skillsets and potentially to leverage them—which isn’t possible when hiring via an internal recruitment team.
More efficient and inexpensive way of hiring employees
Recruitment isn’t only demanding but also expensive for businesses, particularly SMEs who don’t have a high budget to carry out the processes involved in traditional hiring such as pre-screening, background checks, and more.
Outsourcing the hiring process to a staffing agency comes with long-term cost benefits and potentially save companies thousands of dollars to the company every year. There are a multitude of ways using an external recruitment team can save money.
For starters, it eliminates the costly process of conventional hiring, including pre-screening, tests and interviews, drug testing, payroll documentation, benefits administration, and other procedures, which can put a big dent in a company’s budget.
Moreover, employers don’t have to maintain a big recruitment department for the hiring process, which can also eat a lot of budgets. These resources can be used in more efficient ways such as offering better pay to attract top talent or adding more amenities for the existing workforce.
Flexibility in hiring save lots of money for business
The cost-saving continues! Using a third-party recruiting team allows the company a greater amount of flexibility in managing employees. Startups and SMEs that are looking to scale up their operations, in particular, can realize remarkable cost savings.
Instead of hiring personnel to hire more employees, a company can simply use temporary workers to meet the same operational efficiency, if not greater. This saves a business adding extra liability and avoid potential redundancy costs if things don’t work out well.
And speaking of redundancy, having too many headcounts in the recruitment department can be problematic if a company is looking to scale down its operations. Eventually, it leads to overstaffing or redundancy costs.
Talented employees with no string attached provides competitive advantage
Ditching the conventional hiring methods and using contract staffing help the company gain a competitive edge by having a workforce comprised of qualified and talented employees with no strings attached.
Organizations can employ specialized professionals for a certain period of time without sifting through a large volume of applicants. It helps to ensure greater productivity and timely completion of projects.
Truth be told, businesses don’t have enough time and expertise to find and screen top candidates. Each job can attract thousands of candidates, which can make the screening process incredibly difficult for them.
Most companies depend on recruitment agencies to hire employees without dealing with thousands of applicants. The aforementioned points have made it pretty clear that hiring a contract staffing agency can be in the best interests of your company.
Having said that, it’s critical that you partner with an experienced contract staffing agency that provides top-quality resources and dependable services to maximize the efficiency and cost savings associated with the hiring process.
An ideal contract staffing agency will provide the employer with a recruitment process that will help them to reduce the recruitment time and hire the best-suited employees who can turn into valuable assets in the future.