The hiring process is incredibly important to the success of any business. Not only do you have to make sure your hiring process attracts quality candidates to submit applications, you must also ensure that you have a system in place to make good hiring decisions that will yield productive workers that fit short-term and long-term needs.
Some of the biggest disadvantages of high employee turnover include the high cost and the negative effects on company morale. Business owners must work on hiring the right people from the start, offering competitive compensation packages, and practising extensive interview processes. For companies that are growing or have limited HR resources, checking all the boxes of excellent hiring practices can eat up a good chunk of time and money.
Turning to a Canadian staffing agency that can help your business make great hiring decisions while saving money along the way is a smart choice. There are many benefits to engaging a Canadian staffing agency and here are five.
1. Quality Candidate Pool
When you turn to a Canadian staffing agency to enlist top talent, you’re already working with a pool of candidates who have gone through the screening process. A staffing agency takes care of background checks, pre-screening, preliminary interviews, and more. As the one behind the hiring decision, you have a smaller pile of select candidates to work with, making your decision much easier.
2. Range of Services
Staffing agencies provide a variety of services, some specializing in temporary staffing while others specialize in permanent staffing. Then there are agencies that set their tone by industry, and others that handle both temporary and permanent services.
Staffing agencies can also offer market knowledge and expertise, meaning that on top of hiring solutions, you can benefit from specialized industry tips as well as potential administrative support.
3. Lower Your Turnover, Hold onto Talent
One of the greatest benefits of better and more efficient hiring procedures is lowering your turnover. There are many ways to reduce employee turnover that can help you save money in the long run. Things like carefully interviewing your employees and making recognition and praise a regular part of company culture will help you hold onto talent, but you can put some of the work in the hands of the pros when you team up with a Canadian staffing agency.
Better hires mean better workers, and having new additions that fit in well to your workplace means they’re likely to stay. With better cultural fits and the subsequent higher employee satisfaction, you’ll see the benefits of lower turnover and the possibility of having employees grow within your company.
4. Cost Savings
Bad hiring decisions can have a series of negative effects on your business. Bringing on a worker that doesn’t turn out to be the right fit takes a toll on a company’s resources. Seeing too many workers come and go affects worker morale overall. According to one study, it can cost approximately one-third of a new hire’s annual salary to find a replacement, and those costs go up the more turnover occurs.
A staffing agency can help you avoid the significant cost of bad hiring decisions. Coupled with the cost savings of background checks, recruitment ads, and other costs, you’ll quickly gain financial benefits from working with a Canadian staffing agency.
5. Workplace Flexibility
As previously mentioned, staffing agencies can fulfill a variety of your hiring needs. With so much to offer, business owners won’t have to look far to find a staffing firm that can offer the most fitting range of services that can accommodate your particular workplace needs.
Because business needs vary depending on a variety of factors like season, workload, client needs, and more, sometimes business owners need hiring solutions that can be as flexible as the business itself. A staffing agency can match your constantly changing needs while you steer clear of hiring risks.
