Every organization, big or small, has one expectation when it comes to recruiting talents –lowering cost-to-hire and reducing time-to-fill. With growing complexity of the talent market and rapid changes in technology, it is becoming increasingly harder for employers to hire the best talents while meeting their expectations. As a result, companies are looking to hire a recruitment agency to make things faster, easier and more cost-effective for their business. Here are the five ways hiring a recruitment agency can benefit your organization too:

  1. Hire the Best Talents

The number one reason businesses succeed or fail directly correlates with who they hire. Every time a position gets unfilled, an organization loses productivity and revenue. But if you hire the wrong person, you would have to spend even more time and money recruiting and training a replacement for the bad hire.

Hiring a recruitment agency helps you get access to high-quality candidates. They have a large talent pool of pre-screened and referenced candidates. They can help your company screen the right candidates for interview based on your requirements.

A recruitment consultancy uses a variety of methods to find qualified candidates for your brand, such as data mining, social media, applicant tracking systems, networking, and references, for each available position. This way your company can easily hire the best and brightest candidate for a given position.

  1. Decrease Cost-Per-Hire

    According to a recent survey, the average cost-per-fire is $4,425. In fact, 15% of all HR-related expenses are due to recruitment costs. So how do you calculate the cost per hire?

Here is the formula:

(Total internal recruiting costs + external recruiting costs) / (total number of hires in a given timeframe)

A recruitment agency helps to optimize and streamline each phase of the recruitment process. They utilize their hiring expertise, wide network, and latest technologies to match your needs and budget. They provide you quality candidates and minimize the time-to-hire, thus helping you save more man-hours in recruiting. Decreasing the time to hire candidates results in decreasing the cost-per-hire.

 

  1. Build an Employer Brand

Do you know the power of employer brand? Candidates often forsake their salaries and perks in a bid to work for a brand that matches their career goals and aspirations. A recruitment company helps to bolster the employer brand in potential employees by informing them about your company values, strengths, perks, benefits, and other necessary things.

Your recruitment partner can even provide you advice to improve your brand image, so that you can attract more candidates, not applicants.

  1. Enhance Candidate Experience

Improving candidate experience is a must if you want to win the war of talents. A study has found that 75% of candidates don’t hear from the employers after submitting their resumes. The current market is candidate-driven. Talent picks you. Negative candidate experience can destroy your brand image. They will reject your job offering, may never reapply and do negative word of mouth marketing for your company.

With a recruitment partner on your side, you can improve your recruiting process and provide positive candidate experience. Recruitment agencies have experts who continuously communicate with potential candidates Consequently, you will have more candidates, more quality hires, and reduced time-to-fill.

  1. Additional Benefits

Staffing companies are well aware of recent marketing trends, changes, demands, and salaries for different positions. They can guide on how to improve your brand, fill positions, prepare the perfect job description, and determine salary for a particular position.

Recruitment agencies can help you find and recruit the best candidates for hard-to-fill vacancies that often require a lot of time, effort, and resources. They also save your time in screening and shortlisting candidates. They only send the qualified candidates for interviews who have preferred credentials and good qualifications. They check the candidate’s professional references and do background verification for you. They even help you in candidate onboarding process to help new hires settle in quickly.

Conclusion

The value that a recruitment agency will provide you goes beyond costs, time-to-fill, and cost-per-hire. A company specializing in recruitment services will bring critical resources and latest technologies to ensure successful hiring of the best talents in less time and in your budget. If you want to enhance your organization’s capability to attract more talents and retain best employees, then hire a recruitment partner.

Need a recruitment agency? Work with Perito today!
Perito works as a strategic partner with its clients to understand their requirements and determine core skills and qualifications they are looking for in a candidate. With experienced recruiters and a strong reputation within the industry, we can help you fill open roles with qualified candidates.