You’ve Heard About Recruiting Firms – But Why Should You Use One?
Hiring the right people is critical to the success of any business. Today, finding and attracting top talent is harder than ever. An increasing number of companies are enlisting the help of third-party recruiting firms to assist with their hiring needs. In fact, around 17 million people are placed into positions by recruiters each year (American Staffing Association). But some companies may be reluctant to use a recruiting firm, especially if they’ve never done so before. There are lots of perceptions – for better or worse – so let’s dive into the true benefits of using a recruiter and how it can benefit your business.
Saving Time and Money
Job advertisements. Strategy creation. Going through resumes. Seeking out passive candidates and figuring out how to attract them. Conducting a high number of interviews needed to narrow down a slate of potential candidates. Providing constant communication to all parties involved. Coordinating the moving pieces of a hiring process. Ensuring culture fit and skillset alignment. Re-inventing the wheel in the case of an unsuccessful search. Starting the process completely over in the case of an unsuccessful hire.
All of these things, if done the right way, take significant time, effort, and money. In addition to the basic amount of work it takes to find the best employees, we are also currently facing a historical talent shortage.
Recruiting is a full-time job, even more so in 2021. Fortunately, there are people who have dedicated their career to doing it.
Top candidates stay available for an average of 10 days before getting hired (Talent Now). Hiring in today’s market requires a great deal of efficiency – a streamlined combination of market expertise, industry knowledge, cutting edge tools, strategic processes, existing candidate networks, and access to specialized skill sets. A good recruiter has all these things locked and loaded, ready to go. Whether it’s working with hiring managers or corporate recruiting teams, external recruiters can take the wheel and keep up with the race to secure the best candidates during the short window of time they are available.
Online job postings used to do the work for you, with many great candidates easily coming through the door. But those days are long gone. As of 2019, over 70% of candidates were passive (not actively seeking a new position) (HR Cloud). In 2021 that number is increasing steadily. Job ads attracts an average of 250 resumes (Zety), but 60% of job seekers stop filling out applications prior to completing them due to the length or complexity. This often results in wasted time by sifting through the wrong candidates while missing out the right ones. A professional recruiter’s job is to proactively seek out passive candidates while making sure the few qualified active ones don’t fly under the radar.
Candidate experience can have a heavy impact on a company’s reputation, hiring success, and future ability to attract and re-attract talent. Not only are job applicants 80% more likely to show interest in a company down the road if they have a good experience, 63% of job seekers are more likely to turn down a job offer due to a bad experience. On top of that, 73% of job seekers who have a bad experience tell other people about it and 64% of them say a poor experience would make them less likely to purchase from that employer. It’s safe to say this is a critical concept. (TalentLyft)
A large part of a candidate’s experience involves communication. A whopping 81% of candidates say the main thing that would greatly improve their overall experience is continuous communication throughout the entirety of a hiring process (CareerBuilder). And yet, 52% of them don’t receive any communication in the two or three months after applying for a position (TalentBoard). Why? Because communication takes intentionality, strategy, time, and effort. It is easy for things, and unfortunately people, to fall between the cracks if they are not the main focus of your task list. Part of a recruiter’s role is to cover that ground for you and ensure a positive experience on your behalf, ultimately enhancing your candidate experience and brand reputation.
These are a few of many reasons to trust the experts.
Recruiters find and attract talent all day, every day. They are the experts who keep up with the ever-changing trends and evolving strategic necessities. Getting it right is important… the first time. And that is what recruiters are here to help you do.
FGP believes this and ensures that our recruiting team understands the critical role they play in helping find exceptional talent for your team. Our mission is to find great people to build great companies. It’s not just in our name, it’s our purpose. Learn more about our services at https://www.fgp.com/for-companies/.