It’s no secret that a company’s biggest asset is its employees.
However, did you know that 70 percent of US workers are not engaged at work? And that companies with high-engagement levels earn 2.5 times more revenue than those with low engagement levels?
Clearly, employees can make or break the success of your company. But, how do you make sure you have a team of engaged employees who want to see your company grow just as much as you do?
Building a team of excellent employees all starts with the hiring process. By hiring the right employees from the get-go, you set your business up for growth and success.
This is why it can be a great idea to hire a recruitment agency. Hiring an agency means taking the guesswork out of finding the right employees.
Check out this guide to learn about the top benefits of hiring a recruiting agency.
1. Industry and Job Market Knowledge
Recruitment agencies are more than just experts in hiring, they’re also experts in the current job market and in the outlook of your industry.
Recruitment agencies will be able to use their expertise to tell you:
- How to hire and retain talent
- What you should expect in terms of candidate expertise and experience
- Current trends regarding salaries and job growth
By providing you with this insider knowledge, it’ll be much easier for you to find the right candidate for the job.
2. They Fill Jobs, Not Interview Slots
If you think your job recruitment is going well because you’ve filled a bunch of interview slots, think again.
Interviewing candidate after candidate means nothing if none of them are the right fit for the job. Plus, this is a huge waste of your time.
By hiring an agency, you’ll likely get fewer candidates. However, each one of these candidates will be qualified. This means you won’t have to waste any of your time interviewing or sorting through job applications that amount to nothing.
3. Wider Reach
More often than not, the right candidate is out there, they just haven’t found you yet.
By hiring a recruitment agency, you’re hiring a company who can actively source passive candidates that fit the description for your ideal hire.
This means that you’ll have access to more talent as well as a wide array of candidates.
4. Save Time
Hiring new employees can eat up a lot of your precious time. In fact, the hiring process is now longer than ever. Depending on the size of your company, the interview-to-hire process can take anywhere from 15 to 26 days.
During these days, you’ll spend countless hours tweaking your job descriptions, phone screening candidates, conducting interviews, and following up with references.
Obviously, if you find the right employee, these hours are well spent. But, wouldn’t you like to shave down at least a little bit of this time?
This is where a recruitment agency comes in. By hiring an agency, you can significantly cut down the amount of time that you’d normally spend searching for qualified candidates and get back to doing the thing that actually matters: running your business.
Many people think that hiring a recruitment agency just means spending more money.
However, hiring an agency is actually a very cost-effective decision. Think about it- every time you hire a new employee on your own, you have to pull in-house team members away from their daily work to help with the recruitment process.
By hiring a recruitment agency, you can keep your business running at its normal speed while the agency takes care of the rest.
6. You Can’t Afford Not To
Did you know that a bad hire can cost your company tons of money?
It’s true. In fact, it’s estimated that hiring the wrong entry-level employee can cost your company anywhere between $7000-$10,000, whereas hiring the wrong manager can cost your company an average of $40,000. That’s a lot of money!
Also, bad hires can do a lot more damage than just cost your company money. A bad hire can:
- Cause your good employees to quit
- Dampen morale
- Increase your company’s turnover rate
- Decrease efficiency and productivity
- Damage your company’s reputation
In other words, a bad hire can be a nightmare.
The best way to ensure you don’t hire the wrong person is to hire an agency. Top recruitment agencies have worked with thousands and thousands of candidates. This means that they’re a lot better than you at spotting the red flags of a bad hire.
With the right agency, you’ll never have to worry about hiring the wrong candidate, as your agency won’t even let these people show up to the interview.
7. Recruitment Knowledge
Last but not least, it’s important to remember that recruitment agencies have general knowledge about the recruiting process that you simply don’t have.
Here are a few areas of expertise that recruiters possess:
- They know how to create job advertisements that convert. They know which keywords and phrases to choose to make sure the most qualified people find your job posting.
- They know what red flags to eliminate from job postings that would detract people from applying to your company.
- They know how to quickly and effectively screen CVs and resumes to suss out weaker candidates.
- They know where to post jobs and where to look for the most qualified candidates
- They know what buzzwords to use to attract the top candidates to your job
Are You Ready to Work With a Recruitment Agency?
As you can see, there are a lot of benefits to working with a recruitment agency.
Now, your only job is to make sure you hire the right agency to build your dream team.
Get in contact with us today so we can discuss why we believe we’re the right agency for you!