Recruitment is perhaps one of the most labour-intensive and time-consuming of all operations in a company. It includes several steps, such as pre-screening, screening, technical rounds, interview with the hiring manager, selection, and onboarding.
On average, a company roughly spends USD 4,129 and 42 days to fill up a position. This report, prepared by the Society of Human Resource Management (SHRM), also shows that the quantum of time and money increases depending on the position, experience, and skillset required.
An easy way out is to appoint a dedicated staffing agency. A staffing agency provides end-to-end solutions related to hiring and can save you time, money, and resources. Also, you are likely to find a better candidate through a staffing agency, as it has a wider network and an interest in helping you fill your position effectively.
Here are the top seven reasons employers need a staffing agency:
Flexibility: A lot of companies require flexibility in hiring. If you are a company that deals with projects requiring a temporary labour force, hiring a permanent employee makes little sense. Staffing agencies typically provide three flexible models of hiring, including short-term hire, long-term hire, and ad-hoc hire, thereby offering you the advantage of flexibility.
Time: Hiring is inevitably time-consuming. As noted, a company takes approximately 42 days, on average, to fill up a vacant position. You can choose to halve this time with the help of a staffing agency. Such agencies already have a pool of pre-screened candidates. All you need to do is to share your requirements and they will provide you with a list of potential candidates.
Money: Time means money in an intangible sense. But it also translates tangibly into money. The overheads, including paying for human resources, onboarding, office space, can all be done away with, if you use the services of a staffing agency. Several staffing agencies provide remote hiring solutions that further save money. Typically, outsourcing both, hiring and the work of non-essential functions, can save companies as much as 70% of the related costs.
Quality: Staffing agencies can get you better resources. They already have a list of pre-screened candidates. As such, they are capable of hiring quality candidates swiftly, who are the right fit for your company.
Networking: Hiring is by no means an easy task. You need to advertise your open positions on your websites and through various social media channels to get a response from the maximum number of candidates. A staffing agency can do this work for you. They can personally contact candidates and make sure that the information about your vacancy reaches the maximum number of aspirants.
Compliance: Since multinational companies operate in different legal jurisdictions, compliance with local labour laws, insurance, pension, and social benefits can be tricky and a source of legal trouble. Outsourcing recruitment to a staffing agency can help you avoid such hassles.
Retention: Simply hiring and onboarding are just not enough. For the process to be deemed successful, you need to ensure that you can retain your candidate long enough to achieve a return on your investment. Hiring through a staffing agency gives you the opportunity to retain your hire for a longer period of time. Temporary and ad-hoc recruits through a staffing agency can be trained for the job before being hired. As such, companies that use the services of a hiring agency have a higher chance of retaining their candidates.