9 Advantages of Working with Recruitment Agencies
9 Advantages of Working with Recruitment Agencies
A company’s success depends on its ability to sift through the talent pool effectively. In an ultra-competitive job-seeking market, companies are constantly vying against each other to not only find but onboard the best employees for each role. With so many channels to reach out to job seekers, however, the process can be more challenging than it sounds, not to mention time-heavy and costly.
That’s when recruiting agencies comes into play
A recruiting agency acts as a middleman between employers and workers, matching qualified candidates with companies that have job vacancies. In other words, they take care of the entire recruiting process from start to finish, saving companies time and money in the process. Using their high-tech systems, they can hunt down candidates of all skills and talents while sifting through resumes to find the right pick for your vacancy.
Recruiting Services are in High Demand
It’s no surprise, then, that more businesses are opting to work with recruiting services every year. A telling statistic is that in the UK, only 16% of all recruitment agencies were in existence before 2008. While sources differ, the average number of recruitment agencies in the UK lies somewhere around 35,000. As of 2023, the Employment Placement Agencies industry was valued at £18.3bn in 2023 and is expected to grow by 3.7% throughout the year.
If these figures weren’t compelling enough, there are several more convincing reasons why businesses should consider working with recruitment agencies to fulfil their recruitment needs. We’ll be delving into these motives just below.
Reasons Companies Should Work with Recruitment Agencies
Improve Time-to-hire
On average, the hiring process lasts three to six weeks. All the while, the job position is vacant, meaning productivity drops.
With a vast talent pool in their database, a network of connections to leverage, and the use of expensive systems that help them to locate people with those hard-to-find skills, recruiters can source your ideal candidate in half the time.
Recruitment agents will scan relevant CVs for you, check their references, conduct phone screenings, interview candidates, and assess skills if necessary.
Save Money in the short and Long-term
Besides time, working with a recruitment agency also saves you money. These days, to maintain a competitive edge, you’ll need various recruitment tools, like job posting websites or assessment software, all of which can eat into your finances. With a recruitment agency, you’re guaranteed to the benefits of access to top-of-the-line services which include increased talent pool reach and more specialized searches.
High-quality Candidates
Most recruiting agencies have access to the best talent available; this includes access to candidates that are actively seeking work, as well as talent that is currently employed elsewhere. They can contact these potential candidates directly, informing them of the job opportunity while outlining why it’s possibly a better position for them.
Since they vet candidates closely, you can be guaranteed the requirements of the job description will be met.
Keep up with the Competition
It comes as no surprise that if you’re saving money and time while securing the best employees for your company, you’re likely to pull ahead of your competitors. Since more and more businesses are consulting recruiting services by the year, you risk falling behind if you don’t choose to outsource your recruitment process.
Increase Retention Rate
Employee turnover is at an all-time high, with companies struggling to keep many positions filled for long. This spells disaster for finances considering it’s estimated that losing an employee can cost a business around 1.5-2 times their salary.
The key to combatting a low employee retention rate is to ensure you hire the right candidate the first time around. This includes ensuring the employee meets the requirements of the job so that they won’t feel overwhelmed once onboarded.
Since recruitment agents are experts in crafting and distributing job adverts, they tend to attract the right candidates. Following on, they scrupulously vet every resume and contact resume to verify the candidate is who they claim to be.
Leverage Market Knowledge
Recruiters are experts in their field and know exactly where to look for your ideal candidate. They’re aware of which platforms to distribute your job vacancy and also have their own network of contacts from which to draw on, meaning they can directly identify the ideal candidate for the position.
Promote Diversity
As diversity and inclusion become a necessity for businesses, it is key that recruiters develop a strategy around this mission. However, ensuring inclusive onboarding practices are in place can take time for companies who tend to be occupied elsewhere. Fortunately, most recruiting services have diversity built into their hiring processes.
Enable Business Growth & Innovation
When you have the best candidates possible in every position from the bottom line up, your business can function optimally. What’s more, recruitment agencies can free up valuable resources that you can invest elsewhere, helping you to focus on what matters.
Find Rare Skills
If your role requires candidates with specialized skills, you may have a hard time scouting them out. What’s more, you’ll be up against competitors vying for the candidates’ attention.
Recruitment agencies know exactly how to word your job posting to attract rare talent. As well they can use their contacts to go directly to the source, offering potential candidates the chance to consider your job vacancy.
Recruitment agencies are also willing to put in the footwork by doing the necessary research to find even the rarest candidates.
Need a recruitment agency? Work with us today!
Now is the best time to source qualified candidates while filling your open positions faster than ever with the help of expert recruiting agencies.
We work closely with clients to identify their needs and scope their requirements, helping us to determine the core skills and qualifications needed to find the ideal candidate for your company. Here at Deluxe Recruitment we are a team of qualified and experienced recruiters that are dedicated to fulfilling all of your recruitment needs.
If you want to fill open roles in no time with qualified candidates that are sure to stay, don't hesitate to contact our team today! We're excited to work with you to make your business the success we know it can be.
