Many business owners don’t realize there are outsourcing options that could improve their recruitment functions.
The fact of the matter is recruitment does not generate revenue, and although an important function, it doesn’t require your personal attention. You might continue to manage the recruitment functions internally simply because it’s the way you’ve always done it. However, if you’re serious about your talent acquisition and want to hire the best employees to build up your company, then partnering with a staffing agency should be your focus. Here’s why you shouldn’t manage recruiting and hiring internally.
You’re Not Hiring the Best
First and foremost, the top reason why you should outsource the recruitment functions is because staffing firms have the experience, knowledge, and expertise that you need to hire the best talent in the market. If you have a tough time with employee retention and your turnover rate is much too high, then you can use the help of the experts. Having specialized recruiters on your side can help you find and hire the best talent. Your agency recruiters will already work within the niche you’re trying to hire from, they’ll have invaluable market knowledge, and they’ll already have deep networks with top talent. All of this experience and expertise will ensure that you hire only the best assets.
You’re Wasting Time
On average, in-house HR departments juggle 10 to 20 positions at any given time. They might receive over 500 applications for every single one of those open positions. On top of having to handle their typical day-to-day HR functions, they’re spending far too much time on reviewing resumes and interviewing candidates. These time-consuming tasks can make them pressed for time to fill a position just to get it off their plate, and in turn, they might make preventable hiring mistakes. It can also lead to reduced productivity, increases in error, and low morale.
Give your HR department their time back by outsourcing the recruitment functions. When you have recruiters doing the legwork, your HR specialists can re-focus on their other important responsibilities.
You’re Wasting Money
You probably spend money on job boards and maybe on headhunters, too. You probably spend even more on training and developing new hires. And when these new hires quit or are let go because they aren’t the right fit for the job, you have to spend double the money on hiring for the same position. Turnover is quite costly, and you should be proactive in reducing its effect on your bottom line.
By outsourcing the recruitment functions, you can get the right talent the first time around, so you won’t have to waste money on bad hiring decisions.
You’re Hiring Too Slowly
When your HR professionals are busy, they might not put all of their attention and time into the recruitment functions. Though this is understandable, it means that you’ll be taking more time to hire when you do so internally. But when you use an outside staffing firm, you’ll be able to hire faster. The recruiters will already have long-standing relationships with qualified candidates, so it won’t take so long to get someone onboard. Plus, they’ll be able to dedicate their time fully to finding you new hires. The faster you get someone in the position, the faster you get your productivity at an optimal level again.
Your Hurting Your Employer Brand
Your employer brand is important to the success of your company. When your recruitment process is effective and efficient, your employer brand will inevitably improve. When your recruiters offer a predictable recruit-to-hire process, your candidates will only have good things to say about your company. When you hire quality candidates, it looks good to other potential candidates. When your managers are satisfied and pleased with your new hires, they reduce their stress and become better leaders. And all of these things can help your company become a better place to work.
