Why Use a Recruitment Agency? Benefits, Fees and Everything You Need to Know When Using These Companies
When you’re looking to put workers in chairs, you might consider using a recruitment agency or service to get the job done. There are a variety of services available, but should you use them, and how do you get the most for your money?
The cost of hiring can exceed $40,000 per employee. Some of that expense is in training and lost productivity, certainly. But a good portion of the cost is in the recruitment process itself: how much time HR staff and managers spend discussing the opening; advertising; hours spent screening; interviewing; re-interviewing; background checking; and more. HR departments frequently take these steps only to have to start the process all over again. If you have a dedicated recruiter on staff, you already have an idea of what the investment is annually. Have you amortized their salary/benefits/perks over the amount of hires per year? That’s just the tip of the iceberg in the cost to hire.Visit here;IT recruitment agency.
So why use a recruitment agency? Especially for small organizations, where employees’ time is already stretched thin, recruiting in-house often doesn’t make for a wise investment of resources. If you don’t have a dedicated recruiter, you’re pulling precious work time away from other staff members, time that affects your bottom line. A recruitment agency to get the right candidates (not just a pool of applicants) may be the way to go when you want to get the most bang for your buck.
Understanding Companies Hiring Needs
Before bringing on a recruitment agency, you should have an understanding of your hiring needs in order to know how to best use the agency’s services.
If you hire infrequently – maybe once or twice a year – having a dedicated recruiter on staff is frivolous. An agency can get the right candidate in the door, screened and guaranteed. Your job will be minimal – set up meetings to see if they’re a good fit and make the hire.
Maybe you hire regularly – about once a month. You might have someone who does the majority of your recruiting, trained to screen and interview compliantly, but they may need help getting candidates (again, as opposed to applicants) in the door. CareerBuilder reports that you can easily receive 75 resumes for every job opening. That’s a lot of screening. Even if you only spend five minutes on each resume/cover letter (which is generous), you’ll spend over six hours reading them in the hopes of finding a good candidate.
The same survey showed 78 percent of recruiters found that at least half the resumes were from unqualified applicants: That’s three hours wasted. A recruitment agency can help lighten the load when it comes to screening, so you can devote your focus to only on the most qualified candidates.
Or let’s say you hire frequently: At any given time, you’re typically posting, interviewing, verifying, or filling a spot. You’ve got a lot of balls in the air at once, and it can be challenging juggling them all. Having an entire department to help would be great, but it’s not in the cards, nor the budget. A recruiting firm can be your HR department: They can take the bulk of the work off your hands and free you up to hire for quality, rather than quantity.