The pressure of recruitment has been felt by most companies at some or the other point of time. There is no denying the fact that recruitment can possibly divert the business leaders and experts from their core competencies of product or service research and development. This situation makes it almost mandatory for both emerging as well as established businesses to seek the ideal recruitment services by partnering with an experienced agency. Different recruitment firms specialize in different sectors and industries and due to this reason it becomes important for companies to be sure before choosing a recruitment partner.
Recruitment agencies have great years of experience in spotting and hiring the right talent for companies belonging to different industries and sectors. Spotting creativity and leadership skills in a candidate does not come easy and can only be gained through proper understanding of the profession or realizing the seniority of a job profile. Recruiting the right professionals is one such attribute which has to be mastered after years of experience. The in-house recruiters of an agency get to work on multiple job profiles and industries and therefore, are capable of sourcing highly talented candidates.
They Have A Massive Candidate Pool
Recruitment agencies are known in the job market for their wide talent network. They spend a great amount of time building and developing their talent pool by sourcing the right candidates from different parts of the country. The agencies have not only active candidates but also passive candidates, who can really improve the team of an employer. Passive candidates refer to those candidates who are not actively searching for a job change, however, they might show great interest when an attractive job opportunity is presented to them. They are present across various job portals and forums, and through this active networking, they have managed to sustain an enormous candidate pool.
Cost Effective Solutions
Recruiting or hiring the right candidates does not have to cost your business a fortune. It is a proven fact that retaining the right employees is much cheaper compared to the cost of hiring new ones for your expanding team. In addition to this, the cost incurred by companies of making bad hires is on a massive increase. Recruitment firms have gained tremendous popularity due to their cost-effective services which help companies save crucial amounts of money as well as time. A recruitment consultant can charge anywhere between 6- 10% of an employee’s annual salary or CTC. There are no fees charged for candidates who do not make it through the interview rounds and are not selected by a business. Job seekers, on the other hand, are not charged any amount.
Focus On Core Competencies
Recruitment is considered non-core business function and the entire HR team of a business comes under the support function. They have the responsibility to hire fresh talents and manage the relationship between existing employees and the employers. Talent acquisition is considered a time-consuming affair for any business. Preparing job descriptions, searching and approaching candidates through job portals, conducting job interviews, etc. consumes a lot of crucial time. Focusing majorly on recruiting the right talent can shift a company’s focus from its core business aspects like product research and development. By partnering with a consultancy, this problem can be solved and the main focus can be shifted back to achieving desired business goals within the desired time period.
High Level of Screening
Like we mentioned before, companies can incur huge losses due to any bad hires or any inappropriate hiring decisions they make. They can seek the support of an agency that can help to streamline the entire recruitment process of a business organization. A recruitment consultant is well equipped with highly trained and specialist recruiters who can effectively screen many resumes on a day to day basis. Screening helps to filter out unfit candidates for a given position in a company. They spend their time in rigorously understanding the job descriptions and job specifications provided by the hiring company. For further screening of candidates, a consultancy might carry certain assessments or even conduct initial rounds of interviews as well as tests to further evaluate the skill sets of a candidate.