As an employment agency who works with employers every day, we’re always striving to find cost-saving measures. The rising costs of recruiting is an ongoing and real struggle for businesses. That said, with the right partners and strategies in place, any business can learn how to save money while recruiting. One of the quickest ways for employers to save is by partnering with a reputable recruiter. Below are some of the reasons why dealing directly with a recruiting firm can save a business time and money.
– Internet Job Sites: The world wide web is too big and that includes internet job websites. With technology at employer’s finger tips, many employers are hard-pressed with time constraints not to mention financial ones. Trudging through the online recruiting atmosphere can be daunting if you don’t know what you’re doing. Some of the biggest mistakes employers make is submitting numerous job postings without being prepared for the flood of applicants. In an instant, a business can get inundated with far too many applicants and if you’re short-staffed (like many employers) you don’t have to time to assess and assign job candidates effectively. Working with a reputable recruiter or employment agency can save a company time and money as they can handle the job posting process for you.
– Recruiting Software: There are a few different options with using recruiting software including, licensed software, cloud-based software and also the “Free” kind. The costs to install a system like any of these vary and depending on the amount of users, could end up costing an employer tens of thousands of dollars. That doesn’t include installation fees, enhancing your existing IT infrastructure to support these systems, training and more. The learning curve alone to get the most out of these systems can be extensive not to mention frustrating when your business barely has the time to manage all the other deliverables. Some employers may have a system in place, but are still challenged to find the time to input and manage all the applicant data. Working with a recruiter/employment agency can take this day-to-day headache away. An employer has the agency’s own systems and processes at their disposal. Employers can lean on trained professionals to sort through valuable applicant data to find the right fit for their business.
– Background Searches: One of the biggest mistakes employers make is not conducting adequate background checks. According to the Society for Human Resource Management (SHRM), the average cost-per-hire is just over $4K and that cost of a bad hire can be up to three times that. These costs have grown over the years and get costlier if an employer doesn’t get the right person in the position. Having a thorough background check will at minimum make the most of money that is guaranteed to be spent. The challenge is most employers either don’t have a reliable background check process or worse, they don’t conduct one at all. An reputable agency can handle these background checks and more including personality assessments.
All employers are challenged with increased recruiting costs and finding the right staff for their business. But it doesn’t have to be that way. Having the technology that we have is great, but having a long-term, reputable recruiting partner can be even more of a blessing. If you’re looking to improve your recruiting efforts, contact us for a free consultation.
ABOUT THE AUTHOR, Ingrid Moore
Ingrid Moore is the President and Owner of Corporate Resources of Illinois, an employment & staffing agency with over 20+years’ experience located in Schaumburg, IL. Ingrid and her team assist employers with finding the right hire for their business. For more info, follow us on our LinkedIn Company Page, or follow us Corporate Resources of Illinois‘s Google+ page.