Companies are looking for new employees throughout the year. They want to recruit talents who, with their skills, can enhance a business and its mission. However, various surveys state that the best candidates move out of the job search market within 10 days. Additionally, it takes almost 27 days to onboard a new hire, and the average cost for every hire has increased to $4,000.
Keeping these facts in mind, it might get a tad bit challenging for companies to hire recruits while simultaneously focusing on other business aspects. Thankfully, there are recruiting agencies that can make the overall recruiting process faster and easier.
Hence, today, most companies across various industry verticals, from IT, media, and advertising to agri-tech, collaborate with recruiting agencies instead of creating an in-house recruiting department.
In this article, we will shed light on the reasons why progressive organizations should connect with a recruitment agency and use their services.
Currently, there are nearly 12,554 recruitment agencies in the United States, marking a 2.3% increase from 2022. This statistic underscores the vital role that these firms play in bridging the gap between candidates and potential employers. Additionally, the objective of third-party recruiters is to create and improve connections between talented individuals and employers.
Leading recruitment agencies assist job seekers in achieving their dream jobs by implementing effective strategies and enabling organizations to find the right candidates.
Here are the main benefits of using a recruitment agencies:
You Have Access to The Market Overview
Recruitment consultants work towards gaining a clear understanding of the industry sector to which your company belongs. As a result, they provide the necessary market insights and guidance regarding specific recruitment practices that can work in your favor. They also share the latest activities and trends they observe in the recruitment cycle.
The best recruiting agencies will have in-depth knowledge of other organizations in your niche. As part of the consultative relationship, they share market data with you to help you understand your recruitment options.
Access To a Wide Range of Services
An expert recruitment agency will offer you several services. In addition to advertising the specified job profiles in your company, the recruitment agency can verify candidate details, negotiate their salaries, check their previous employment records, and conduct psychometric tests to enable companies to select suitable candidates for interviews.
Some recruitment agencies have a candidate pool that can fill temporary job openings. This helps companies save valuable money as they don’t need to cover the individual costs of services or hire a full-time staff member to get the job done.
Increases the Scope of Finding Correct Talents
The best recruitment agency enables you to access high-end job applicants. Typically, experienced recruitment agencies possess vast databases of trained and talented professionals. These professionals rely on the recruitment agency to access the best career opportunities.
Recruitment agencies assess whether a particular candidate can fit into an organization’s requirements and possess the necessary soft skills. They have their own system for evaluating whether a candidate is a perfect fit for the company culture they represent.
CulverCareers states that not all professionals are actively seeking new jobs; some may simply seek higher pay within their current company. Recruiters invest more time and effort in discovering and connecting with active job seekers, helping them find companies with available vacancies.
Assistance From a Negotiator and Salesperson
Recruitment consultants have a commercial mindset and a sales-oriented approach when they need to secure the best talent for a job vacancy in your company. They are aware of the salient points that assist them in presenting the idea of working for a specific company more effectively to interested and deserving candidates. They convey a company’s vision, mission, objectives, and other values in the best possible way to candidates.
The moment an offer is extended, the recruitment agency takes on the role of a negotiator. They assist with other job details, such as notice period expectations, start dates, and probation periods. This helps companies streamline the recruitment process.
Help Companies Save Valuable Time
Speaking with candidates and determining whether they are suitable to be presented for the first interview round takes time. Often, companies don’t have the time to invest in the recruitment process. They must focus on other crucial aspects, such as the new business development process, client management, deciding on advertising budgets, preparing training modules, and so on. Here, a recruitment agency can help companies save time and address crucial company matters.
Leading recruitment agencies thoroughly study a candidate’s CV and determine whether they possess all the qualifications needed for a job vacancy within a company. They ask the necessary questions to assess their capabilities before scheduling the initial interview. This approach helps companies choose from a talent pool that possesses the qualities required to work for them and make a positive impact.
Provide Opinions About Recruitment Law
Recruitment law is often misunderstood and is a complex subject. Some of the aspects where there is confusion include maternity leave, workplace diversity, unfair dismissals, and wages. The best recruitment agencies stay updated with recruitment law and the changes that help companies stay away from any legal hassles.
Today, the best recruitment agencies have a legal team that works closely with companies to make sure they adhere to employment law throughout the entire hiring process. This helps companies maintain a positive reputation in the market.
Help Companies Find Recruits for Challenging Roles
Companies have certain job profiles that are ‘hard to fill’ for various reasons. It could be that the job requires candidates to work on weekends and take weekdays off instead. Alternatively, it could be that the role requires critical thinking regularly.
Recruiting agencies employ their tactics to address such job vacancies and find the right hires. They have the best candidate networks, which makes it easier for them to search for the right fit.
Furthermore, they are knowledgeable about the factors that motivate candidates and the rewards a company is willing to offer for a challenging role. The best agencies connect these two aspects in a win-win manner, benefiting both the company and the candidate. When pitching for a job, they also highlight the positive work atmosphere of the company, which aids in attracting candidates for challenging roles.
Companies today use multiple methods to find the right talent for existing job openings. This includes LinkedIn posts, social media advertisements, job boards, and the like. However, hiring a recruitment agency is the best option because they offer specialized services. Additionally, a recruitment agency takes accountability for the candidates they contact and screen for the initial interview, which helps companies save time.
Today, more than 70% of candidates apply for jobs for which they aren’t qualified. An expert recruitment agency can look beyond the CV and assess a candidate more effectively. Ultimately, this allows them to connect companies with talented professionals who meet the requirements of the chosen job profiles.