The recruitment of new employees can be a costly and time-consuming process for businesses, especially SMEs. Find out how a Recruitment Agency can save your business time and money when it comes to recruiting.
Employers fully recognise the value of top talent – those individuals that can drive their business forwards and boost the bottom line. Directors and hiring managers face a tricky task when it comes to ensuring a flow of continual talent into the business and making sure they hire individuals who are suited to the job and the culture of the organisation. In a buoyant jobs market, where employers are competing with one another for the most skilled and experienced staff, this becomes even more difficult. In many cases, employers need specialist support with their hiring strategies. Using a recruitment agency to identify and attract talent, and negotiate terms, can relieve a huge amount of pressure. This approach can help organisations find the people they need to move forwards, bring them to interview, and secure their services within budget.
What are the benefits of using recruitment agency to help hire professionals?
Here are a few practical benefits:
- Ability to identify talent
Recruitment agencies work with both employers who are searching for talent, and professionals who are on the hunt for career opportunities. As such, they are ideally placed to be ‘in the know’ and operate as an intermediary between the two parties. The knowledge recruitment consultants possess about how to avoid hiring a bad candidate can be extremely valuable; they know who is looking for work, how capable they are, and what sort of a salary expectations people have.
Once an employer has created a vacancy and established the job criteria, recruitment agencies can set about finding suitable people for the position. The ‘ideal candidate’ is often the one who is not actively looking for a new job but would be open to one if the right opportunity presented itself. A recruitment consultant has strong networks and a clear idea of where to find these individuals.
Another benefit of using a recruitment agency is their extensive knowledge about individual segments of the job market and the talent that is available in particular localities. They also learn about employers’ requirements and goals. This means they can source talented individuals who are capable of doing the job.
- Advertise roles
Sometimes when employers advertise vacancies, they do not receive applications of the required calibre. They are looking for an experienced candidate with niche skills, but the CVs they receive simply don’t hit the mark. Often, this is down to poor marketing; or the cost to advertise individual jobs online. High-calibre people can sometime miss the job advert an aren’t aware of the opportunity available.
Recruitment agencies advertise vacancies both online and offline. They actively seek out and head hunt professionals who fit the job description. Recruitment consultants may establish direct contact with talented individuals they know, having networked with them in the past and invite them to apply for the role. Some professionals might not be actively looking for a career change, but your vacancy could just tempt them. ‘Everyone has a price right’, but that price may not always be money! As the millennial generation continues to demand modifications to the standard 9-5 as we know it. Work/life balance and company culture sometimes become even more important than salaries.
- Negotiate salaries
As an employer, the last thing you want is to get to the end of the recruitment process, having identified your preferred candidate and made a job offer, only to find that you are poles apart on salary and benefits. Before entering salary negotiations, recruiters can help you benchmark remuneration against other businesses in your industry and can provide valuable resources. Recruitment agencies are also actively placing skilled candidates and negotiating salaries involved in the hiring process. They can negotiate on behalf of both parties and agree a mutually acceptable remuneration package. If both parties are aware of the other’s hopes and expectations from the outset, it ensures there is a realistic prospect of sealing the deal.
- Interview candidates
The recruitment agency can conduct interviews on an employer’s behalf, which can save time and money. On average each individual hire could take up to 50 hours of your time. Within an average SME there are usually 3 people involved in the recruitment of a single person. Is this the best way to spend your time or can you use this time more effectively to drive your business forward? A recruitment consultant can give you that time back by providing a shortlist of suitable candidates and begin the process of narrowing down the applicants. The recruitment agency can also conduct background checks on candidates invited to interview, meaning the employer’s HR department doesn’t have to.
- Deliver interim professionals
Using a recruitment agency gives businesses the benefit of increasing or decreasing their employee levels as needed. They can identify professionals for full-time permanent roles, but also individuals suitable for interim jobs. It may be that emergency cover is needed for an absent employee who has gone off ill or left at short notice. Or an employer may be concerned about a lack of capacity for a new project or initiative that is getting underway. Recruiters have candidates on who are willing to hit the ground running, meaning there is no time wasted getting these professionals up to speed.
- Offer industry insight
Another benefit of a recruitment agency is they spend all day, every day, working to provide staffing solutions for organisations across a range of industry sectors. As such, they have significant expertise and jobs market insight, internationally, nationally, and locally, which employers can tap into as they plan their recruitment strategy. Recruitment consultants understand employer’s needs, candidate expectations, and the impacts of supply and demand. This means they are ideally situated to help employers make educated decisions, which have a positive impact on the bottom line.
In summary
Employers don’t need to go it alone when it comes to hiring. Finding the right recruitment agency that has access to people in your industry vertical can be very beneficial, time saving and cost effective.
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