Pandemic has changed the scenarios for various enterprises and many of them have suffered due to the crises of COVID 19. Today, enterprises are finding it difficult to fill the talent gaps of their vacant roles. Finding the right talent that is ideal for the job and enterprise culture can be a cumbersome task. When it comes to successful hiring, staffing agencies can totally transform the process upside-down. They have the expertise in finding and recruiting the ideal candidate for your job vacancies in a cost-effective manner.
As you grow and flourish, you need to update your brick-and-mortar methods to match up with this growing world. You know that staffing agencies can be a valuable partner for your business, but have never worked with one. You might be wondering, when is the correct time to tie up with a staffing agency. This piece of writing is specifically dedicated to help you navigate this new process. But first, let’s understand what a staffing agency is.
What is a Staffing Agency
A staffing agency is an enterprise that matches ideal candidates to your business’s job vacancies. When you partner with a staffing agency, they first evaluate your enterprise to understand your goals, company culture, and open positions.
Then the staffing agency will research its candidate pool to find potential candidates who can perfectly meet your requirements. The agency takes responsibility for all background checks, expertise, as well as experience. They interview the candidates and provide you with the most suitable ones.
The pricing of staffing agencies may vary, but it’s worth it. They manage the entire hiring process from scratch to finish, leading to better employee placements and saving a lot of time as well as effort.
Have a look at these 5 signs to reach out a staffing agency
1. Low on Time
The hiring process is a tedious and time-consuming task. Right from reviewing resumes, contacting prospective candidates, conducting interviews, short-listing candidates to choosing the ideal employees, everything requires a serious time-commitment and a lack of it may negatively impact your progress.
If you are stretched thin and don’t have time to write quality job descriptions, short-list resumes, and screen candidates, it’s your sign to partner with a staffing agency that will help you save your time while ensuring high productivity levels. They will make sure you get the best-fitted candidate for the vacant role and also continue to generate revenue.
2. Temporary Vacancies
Every enterprise needs some temporary vacancies due to maternity leaves, sick employees, or frequently topping projects during certain times of the year. This doesn’t mean that other employees are overloaded with the work. It would exhaust them at the end of the day.
Did you know?
Human resource leaders admit employee burnout is sabotaging workforce retention. It handles 50% turnover.
8 in 10 employees would seek a new job after 1 bad day.
Overtime and overwork will simply sap the life out of an employee and would also encourage other productive employees to join somewhere else. If your enterprise has temporary vacancies and wants to avoid the employee burnout rate along with cost expenses due to overtime, it’s the right time to find a reliable staffing agency that can recruit temporary talent on your behalf.
3. Onboarding bad hires
Hiring is not everyone’s cup of tea and takes a lot of effort to get the right resources. There can be hiring mistakes even under the best of circumstances. Did you think your enterprise couldn’t afford a staffing agency and onboarded in a bad hire? Well, according to CNET, a bad hire can turn out to be more expensive, costing up to $15,000. The cost can even increase if you replace them with specialized skills or senior position resources.
If you have already made these mistakes and it has started impacting your bottom line, it’s time to partner with a staffing agency. They will simply handle all the background checks, verify skill-sets, and pre-vet resources to make sure you find the right candidate for your company without any hassles.
4. Lack of Right Resources
Recruitment is a lot deeper than just hiring and onboarding resources. If your enterprise doesn’t have a skilled HR department or manager who is trained in hiring as well as interviewing candidates with the latest and best practices, all the efforts go in vain.
36% of HR professionals cite insufficient technology for their inability to automate and improve the organization of onboarding programs, further inhibiting their ability to train managers in proper onboarding techniques.
17% of companies either don’t track or don’t know what their cost-per-hire is.
Hiring with old traditional techniques can lead to bad hires or sometimes delayed hiring which will ultimately exhaust other employees out of overwork. A staffing agency can be hired for help. They will easily understand your company’s hiring needs in terms of the position, timeline, as well as culture. Also, they can broadcast your company’s job vacancies to a much wider network and identify great-fit candidates quickly without you having to lift a finger.
5. Cost Optimization
If you think of saving the cost of your company by not hiring a staffing agency after seeing all these signs, you are actually indulging in increasing the expenses of your company.
The average cost of a bad hire is up to 30% of the employee’s first-year earnings according to the U.S. Department of Labor. However, one report from the CEO of Link humans put the average cost as high as $240,000 in expenses. The costs broken down relate to hiring, retention, and pay.
It’s high time you consider a top-notch staffing agency if you want to cut costs. Though outsourcing your human resource duties to a staffing agency adds on a little cost, you will definitely get expertise without any training expenses. You can also enjoy different HR services at a low cost while focusing upon your core business competencies.
6. Urgent Requirements
Your company might be dealing with heaps of projects and you might suddenly require more employees. Finding employees that could join immediately can be a challenging task. Searching and refining through thousands of resumes can be cumbersome when you require resources urgently. Overloading other employees with work will ultimately exhaust them and your enterprise might suffer.
A staffing agency can simply solve this problem. They can help you fill urgent vacancies in a cost-effective manner.
There are various other scenarios where it makes sense to give a high-five to a staffing agency. If you’re ready to take the leap, connect with us. We will be happy to be a part of your journey. We partner with enterprises all across the globe to make the hiring process easier and connect them with top talent. Contact us today to get started.