Staffing firms can play a critical role in helping companies find talent. By staffing firms I mean any external search firm that earns a fee for making a placement with a company. This includes staffing agencies, RPOs, Master vendor, executive search firms…..etc There is nothing inherently superior to recruiters who work at external firms when compared to corporate recruiters, other than they tend to work fewer assignments and their compensation is based on their results, not their level of activity. This is a huge advantage when it comes to representing stronger candidates. According to market research in India, 90% of companies use a staffing service. Whether you are seeking direct hire, trial hire or temporary talent acquisition services, there are numerous advantages to partnering with a reputable staffing agency. The biggest question is Why companies must need a quality staffing firm???
1. Staffing firm cover both the active and passive talent market, they can help raise the overall quality level of hiring,
The only reason you should pay a good % amount or more for a candidate, if the person is high quality and fit to you needs
2. Exceptional skills to get stronger resource by evaluating many candidates
You need to have exceptional recruiting skills when dealing with passive candidates. To be successful staffing firm recruiters must excel here. Even if corporate recruiters have similar ability, due to their workload, they just don’t have the time to invest in passive candidate recruiting.
3. Strong networks to find talent in time
Staffing firms are well connecting with active and passive professionals, this gives them a sourcing and speed advantage and allows them to find top people quickly
4. They understand real job needs, so you’ll hire people who can hit the ground running.
Part of being a strong third-party recruiter, especially those who are industry specialists, is understanding the real job needs, as well as the hiring manager needs.
5. Credibility with hiring managers.
Due to repeated work staffing firm recruiters create a trust level with hiring manager, which help them to understand requirement quickly and hire resource in time.
6. Best staffing firm has always back-up candidate
In the boom market its quite tough to fill a position as companies always run behind tough candidate, tough candidate has many offers. Best staffing firm always work hard and keep backup candidate to fill the position.
7. Time Saved
According to research average time from interview to offer is 20 days. You lost a large amount of time by position analysis, posting the position, accumulating resumes, reviewing resumes and scheduling interviews. Having a partner that is proactive rather than reactive in the recruiting process quickly cuts your costly down time
8. Money Saved
The average direct cost for a new employee is Rs. 80,000/- to 1 Lakh (Above 3 Yrs) including basic wages, benefits, and taxes. Add in costly overtime during the vacancy of the position, recruiting and advertising costs, screening and testing costs, and this number can quickly keep growing. A staffing service can provide you with a predictable cost per hire and many offer financial guarantees to support the quality of their talent. In addition to cost per hire savings, employees contracted through staffing agency fall under the staffing agency’s unemployment and worker’s compensation claims. This can quickly decrease costly overhead due to injuries and employee turnover.