Hiring is challenging enough, so don’t do it alone. Here are five reasons to partner with a professional recruitment agency. Let’s find out more.
If you have vacant roles in your business or are expanding, it is certainly possible to run the hiring process yourself. Why would you spend money on recruiters? However, you need to know that hiring is a challenge and recruitment consultancies deliver far more benefits than simply filling a vacancy. In this article, we’ll look at five reasons you should partner with a professional recruitment agency.
1 – You save time
Hiring takes time - and the more scrutiny you want to give to the hiring process, the longer it takes. Here’s a short timeline for recruiting:
- Advertising – Soliciting for applications for the vacant or new role
- Screening – going through all applications (which could number in the hundreds) and drawing up a shortlist
- Interviews – Meeting your shortlisted candidates. Some companies may require several rounds of interviews
- Assessments – Often in the hiring process, companies will set tests for their candidates to see if they’re as good as they say they are
- Offer – You’ve selected your successful candidate, but you may still need to negotiate on pay, benefits etc. Often, this is where their current employer swoops in and gives them a counter-offer
- Hire – Everything is agreed and your successful candidate is ready to start
Time is your most precious resource. Can you afford to take time away from your day-to-day business to do all this?
A recruitment consultancy will take care of the entire process. First, they’ll screen CVs and applications, delivering only the best candidates to you for an interview. Then, when you make your hire, they’ll take care of the offer stage. It all means that you can focus on what’s best for your business.
2 – You get better candidates
When you partner with a recruitment consultancy, you get access to a level of candidate expertise you can’t achieve on your own.
Recruiters - particularly those who have been around for many years and specialise in specific industries – have a network they can tap into anytime. They know the industry inside-out. They know who everyone is in the sector and they know who the best people are.
After taking time to get to know your business, they’ll have a good idea of who has the right skills and will be a good fit in your team. Often, the right hire will be someone who isn’t actively looking for a new role and would not have known about your vacancy if you’d advertised it yourself. A quick phone call from the recruiter to sell the opportunity and the right candidate could be yours.
3 – You save money
The number one reason companies choose to go it alone and not use a hiring agency is to avoid paying recruiter fees. Unfortunately, they don’t understand that partnering with a recruitment consultancy is an investment, not a cost.
If you get it wrong and hire someone who doesn’t perform well or doesn’t fit in at your company, the cost can be massive. Depending on your industry, it could be tens of thousands of Euro. Think of what you spend on training, onboarding, equipment and salary. If they leave after a few months of poor performance, it could be disastrous.
Recruitment consultancies are experts in hiring. They are better placed to know who will be a success at your company, and they know how to find them. Once they’ve found them, they know how to get them excited about working with you. It maximises the chances of success and minimises the likelihood of a bad hire.
4 – Recruiters focus on you
Recruitment agencies get compensated by hiring companies when the successful hire begins in their role. The vast majority of the recruiter’s work takes place before they get paid. Therefore, it’s in their interest to deliver the right people to your business quickly and efficiently. Recruiters devote their experience, skills and resources to provide you with your ideal candidates so you can achieve your business goals. You are their primary focus.
However, that’s not to say that recruiters neglect the candidates’ experiences. On the contrary, we believe that treating candidates well and making their lives easier will make them relish working with you. That can make all the difference in a competitive recruitment market where the best candidates hold more of the cards than ever.
5 – You get a better hire
Hiring is what recruitment consultancies do all day. They compose job ads that grab the attention and maximise the number of suitable applicants. They tap into their carefully constructed industry networks to locate the best passive candidates. They screen candidates to ensure you see only the right people and don’t waste time interviewing people without the right attributes. Finally, they handle the offer and employment process, including any employment law hurdles, quickly and efficiently.
The result? Better hires who will take your business to the next level. What’s not to like?
Looking to hire? Get in touch with our specialised consultants today.
We're always interested in talking to talented financial services professionals who may be thinking about their next career move.
We also like to talk to businesses looking for recruitment representation.
Please contact us on +353 163 44 990 or email firstname.lastname@example.org for a confidential conversation.