The recruitment process can be both lengthy and expensive. It can cost as more than $56,000 per employee and only some of that includes training and any productivity that is lost during the process. A lot of the time and effort involved in the recruitment process is within your HR department.
Countless hours are spent discussing the job opening, creating a job posting, advertising the job, searching for and screening potential candidates, interviewing (sometimes multiple times), checking references, and far more. Many of those hours could be wasted if the candidate doesn’t end up hiring on with your company. It’s therefore tempting to hire an outside recruitment agency or company to take care of the recruiting process for you.
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Recruitment Companies Fill Jobs
A major advantage of outsourcing your recruiting and using a recruitment agency is that you only pay for actual jobs filled, rather than the number of interviews. All of the hours searching through applicants for the right candidates are done by the recruitment company rather than in-house.
If you decide to use a recruitment company for your recruiting, you may see fewer applicants than if you had kept the process within your company. This is because the recruitment company would spend the time to narrow down the number of applicants to only those who have what you’re looking for to fill the job opening.
The number of candidates may be fewer, but they are higher quality. By outsourcing the recruiting process, you would no longer see every applicant who came your way and wouldn’t have to sort through applicants who aren’t qualified for the position.
Taking a Chance
Taking a chance on a new hire is also less risky using a recruitment company. Many offer guarantees for a certain time period. If the new hire doesn’t work out during that time, the company would begin the search again. The guarantee that is generally offered may be no charge for the search of the original new hire, with the recruitment company only charging their fee if the employee stays past the guaranteed time period.
Selling Your Job Listing
Getting the job posting to be catchy enough to attract potential candidates while also providing all of the necessary information about the job opening can be tricky. If you hire a recruitment company to do the recruitment process for you, they’ll do the hard job of selling your company to potential applicants. This may result in more qualified candidates applying for the job than you might get on your own.
Not many companies outside of big names like Google, Apple, or Microsoft have large numbers of candidates rushing to apply.
If you’ve been having trouble attracting candidates, part of the problem may be that your compensation isn’t what candidates would expect for the position. A recruitment company could help you re-evaluate what you are offering to ensure that it’s fair for the position.
Applicant Tracking Software
Hiring a recruitment company to handle your recruiting can be expensive, however. If you want to free up the time and money in-house without paying to outsource your hiring, Applicant Tracking Software (ATS) may be a good solution for your company. The software can make the recruiting process a lot faster and help you keep track of candidates who might be a good fit for your company.
Are you looking for a recruiting solution to help fill job openings? Visit our vendor match page to let us help you find the right Applicant Tracking Software for your needs.