Recruiting costs can quickly get out of hand, particularly if you’re struggling to find the talent you need. You may end up spending far more than you’d like to get your openings placed on major job boards, only for the vacancy announcement to get buried under a sea of new ads. Couple that with the cost of screening candidates, and it’s easy to bust your recruitment budget.
Fortunately, there is a better way to hire. If you want to cut recruiting costs and access better talent, all while reducing your time to hire, partnering with a staffing firm that’s also an employer of choice – like The Advance Group – could be the answer. If you’re wondering why, here’s what you need to know.
How Partnering with an Employer of Choice Saves You Money
On the surface, it may seem like partnering with a recruitment agency that’s also an employer of choice wouldn’t have a significant financial impact. However, it can cut your recruiting costs dramatically.
When you work with a leading staffing firm, you get a simple, predictable cost structure that covers all aspects of recruiting. The recruitment agency will publish vacancy announcements, using whatever options are deemed best for your hiring needs. You won’t have to pay that expense out of pocket, leading to savings.
Additionally, staffing firms that are employers of choice have vast databases of highly skilled talent, including a mix of both active and passive candidates. When you partner with them, they’ll tap that pool of pre-vetted job seekers to find potential matches. Essentially, you expand your talent pool through the partnership, all without an additional expense.
Plus, recruitment agencies manage all of the initial screening. Along with learning about each candidate’s capabilities, they’ll handle background checks, references, and any other required screening steps.
Unlike many major job boards, you don’t pay anything unless the staffing firm finds a suitable match. The approach also saves you time, allowing you to focus your energies on profit-driving activities while you leave the recruitment to the specialists.
Finally, since you’re getting a high-quality match, the odds that they’ll stay long-term and provide you with exceptional value go up. This reduces the need to re-recruit to refill vacancies because the initial new hire didn’t work out, as you’ll get right-fit candidates the first time.
The Financial Benefits of Accessing Top-Notch Talent Faster
Along with saving money on recruitment costs, partnering with an employer of choice means you can get access to top-tier talent quickly. Since you won’t deal with long-term vacancies, you’ll have an easier time maintaining total productivity. In turn, your company is more profitable. You’ll be able to hit your targets quicker while avoiding expenses like overtime pay.
Ultimately, partnering with a staffing firm that’s also an employer of choice is a wise move for any company that wants to reduce recruitment costs and bolster productivity. If you’d like to learn more about our services, the team at The Advance Group wants to hear from you. Contact us today.