Why Agency Recruitment Should Be Your Hiring Model if You’re Growing Quickly

Anyone on their entrepreneurial journey will agree that there hasn’t been a better time to be a business owner.

“Downturns or challenging times are seen as good times to start a business for two reasons,” says Rashmi Menon, in one of herrecent interviews with The New York Times. “One is, there is less competition for resources. The second reason is that whatever changes we face, positive or negative, bring up new customer needs. And customer needs are at the core of any business,” Menon continues.

However, as compelling as starting a business right now sounds, achieving growth in it doesn’t come without its unique set of challenges.

For one, finding the right candidates to fill open positions at your company can be problematic in the current times, mainly because unemployment rates in the US are at a 50-year low and good candidates are off the job market before you know it.

Source:Bureau of Labor Statistics

So then, how exactly can business owners try to target growth go about landing the top talent to scale their team?

The solution lies with leveraging agency recruitment. Why? Read on to find out.

Business Benefits of Availing Agency Recruitment

1. Faster Hiring

John Sullivan, Ph.D., and Professor of Management at San Francisco State University discussed why a speedy hiring process is essential for recruiting the right candidates and growing your company quickly:

“When currently employed candidates seek out newer opportunities, if they’re hit with a slow hiring process, they will choose to stay with their current employer. Top candidates will drop out of the running. In-demand candidates are usually the first to drop out or ghost in frustration,” explains Sullivan.

In a market primarily driven by job seekers and with job ghosting on the rise , candidates rule the hiring process, and if yours is taking too long to conclude, the best hires will turn to the competition to get employed faster.

When you work with a recruitment agency, they will already have access to various systems that help locate the right person, an extensive network of connections to leverage from, and an existing talent pool to draw relevant candidates from. This will considerably shorten the time to fill any open job title.

2. Reduced Overhead Costs

The most recent edition of LinkedIn’s Future of Recruiting report showed that most talent acquisition leaders expect their overall recruitment budgets to shrink in the post-pandemic era.

Another 2019 article published on ClassicInformatics states that cost reduction is the most significant factor driving companies toward outsourcing today.

Source:ClassicInformatics

Due to all these reasons, solutions that steer cost-effective hiring are what the talent acquisition industry truly needs right now!

One of the most critical advantages of availing recruitment services from an agency is this hiring model’s visible cost-effectiveness.

A research whitepaper analyzed an established company’s process of recruitment outsourcing from beginning to end and found thatoutsourcing recruitment can greatly benefit firms by facilitating cost savings, providing access to fresh talent markets, and improving hiring efficiency.

Therefore, a good recruitment agency can help reduce overhead costs for your business.

3. Better Employer Branding

Your employer brand is essentially the identity of your organization. Close to 75% of active job seekers are likely to apply for an open position if the company’s employer brand is actively managed.

Recruitment agencies use various tools such as advanced analytics, chatbots, social media channels, and mobile solutions to build a company’s reputation in the job market.

Additionally, a staffing agency hiring model can significantly enhance your company’s candidate reach.

This is true because recruiting agencies usually rely on more than one sourcing channel (e.g., job portals, social networking sites, existing talent pipelines, recruiter networks, etc.) to advertise open positions at your company.

These efforts indirectly contribute to improving the overall quality of the potential candidates attracted to your job postings, which goes a long way in building a positive brand reputation for other prospective candidates.

Important Questions to Ask Recruitment Agencies to Assess their Potential

As a business owner/HR leader, a few important questions that can help you assess if a potential agency recruitment partner will be the right fit for your company include:

How long has the recruitment agency been in business? Does it hold any prior experience hiring for your niche?
Do they speak to every candidate and verify facts on a one-to-one basis before sharing their resume?
Does the recruitment agency have strategies to attract and engage passive candidates, or do they only reach out to candidates within their database that are actively searching for jobs?
How does this recruitment agency calculate hiring costs? Are there going to be any hidden ones that will surface later?
How result-oriented is the agency recruiter’s portfolio?
Are you looking to fill in specialized or high-impact positions at your company through agency recruitment? If yes, does the outsourcing firm hold prior experience there?
What happens if the perfect candidate hired by the recruitment agency leaves the company within the first few weeks of getting onboarded?
Does the recruitment agency provide any guarantee concerning new hires?

Get Hiring Help Today

Filling a position can take up a lot of your own time that you could better spend on other aspects of the business. If you’re not experienced on that front, you could end up with unqualified candidates who don’t live up to their applications.

Seeking help from a recruiting agency makes sense during such times.

At Recruiter.com, we’ve got a dedicated team of freelance and full-time recruitment professionals spread across the US that can help meet your team scaling needs quickly and optimize your recruitment process effectively.

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By Recruiter.com