Running a business is exciting, but comes with its own set of complications and requirements. Hiring the right team to help your business achieve goals and milestones is crucial. The money and time you put into investing in people will have a major impact on the long-term growth and sustainability of your business. With this in mind, recruitment agencies are becoming much more important and prominent.
Recruitment agencies are tasked with searching for suitable candidates to fill a position, and each potential hire is carefully vetted across a myriad of requirements,” says Steven Douglas, a headhunter in Fort Lauderdale. “There are many different types of recruitment, from interim recruitment to project sourcing; understanding your needs and conveying them to a recruitment agency will allow a business owner to maximize the services of a headhunting agency.”
With that in mind, here are five benefits of working with a recruitment search agency:
- High Quality Candidates
Of course, one of the biggest benefits to working with a recruitment service is that they have access to an extensive network of high-quality candidates. When you simply list your position on a website like Indeed, chances are you’ll be inundated with dozens, or even hundreds of applications. The majority of those will not fit the bill.
However, recruitment have already vetted many of the candidates in their database, and have the skills to search amongst their network to find individuals that truly match the skillset and culture fit you’re searching for. These agencies also have extended reach with a pool of passive talent. Passive talent are highly-skilled individuals that may not be necessarily looking for a job, but possess talent that harder to find and more difficult to reach.
- Reduce Risk of Bad Hiring Decision
A bad hiring decision can cost your business more than you might think. Tony Hsieh, CEO of Zappos, stated that bad hiring cost his company $100 million accumulatively. While chances are you aren’t running a Zappos-sized business, the same costs are incurred at a much smaller scale. Think about it: there are costs associated with maintaining an employee, offering benefits, training them, paying for their mistakes, and dealing with missed opportunities and stunted growth as a result.
There are indirect costs, too. One bad hire can dramatically affect company morale, making others less effective during their workday, too. When you use a recruitment search service, the chances of making a bad judgement call are decreased significantly, saving you money in the long-term.
- Pay When You Receive
Recruitment agencies work overtime to find you the highest-quality candidates, and are only paid when this goal is achieved. Therefore, an agency is doing their best to leave you highly satisfied with their recruitment decision. Before you hand over any compensation for services rendered, you’ll have a great candidate on your team. If no matches are identified, no costs are incurred.
- Saves Time
One of the biggest benefits of using a recruitment agency is the ability to save yourself plenty of time. Filling a role takes an exuberant amount of hours and resources. When you’re trying to grow a company, finding the right person to fill a role can often be a double-edged sword; you want to focus on building your business, but spend so much of your time looking for the right people to make it happen. You’ll save yourself plenty of time and stress by delegating this task to a knowledge agency.
On the same token, a recruitment agency will often fill a role much quicker, without compromising the quality of a particular hire. This is because this what they do, day in and day out. They have access to a much wider pool of candidates, and spend their man hours looking for the right fit for your company. As a business owner, you can’t spend your entire day searching and interviewing. But an agency can.
- Specialized Market Knowledge
There are many businesses that require specialized market knowledge. Companies in technology, healthcare, and oil and gas are just a few examples. Many recruitment agencies have specialized niches they hire in, and are very proficient in those sectors. This means they’re able to provide you with a higher level of knowledge and insight, and are better equipped to hire to your specifications. When they understand your market well, they’re able to vet candidates with much better success.
