If your company is constantly on the hunt for top talent, then working with a talent recruiter and strategic staffing solutions firm makes great business sense.
Today’s hiring climate is so incredibly competitive that many companies are turning to talent and solutions firms, like Vaco, to find the highly qualified candidates they need to maintain their competitive edge.
According to data released in December by the Bureau of Labor Statistics, the U.S. economy had 7.3 million unfilled jobs, but only 5.8 million people were looking for work.
In other words, America is facing an unprecedented skilled labor shortage.
In this article we’ll share:
- Key statistics about the labor market and hiring environment.
- Reasons why companies choose to work with staffing agencies.
- Tips on what to look for in a talent and solutions firm.
- Insight into how recruiting agencies work.
One of the very best decisions your company can make is to work with a talent recruiter
As we’ve already established, your company isn’t alone in the struggle to find great employees. The NFIB Small Business Job Report found that 61% of small businesses reported hiring or trying to hire and 88% of those reported few or no qualified applicants for the job. More than 25% of small-business owners also indicated that finding qualified candidates was their top business challenge.
Those are some pretty daunting statistics! Here are three reasons why working with a staffing agency makes good business sense:
Talent recruiters save time
Glassdoor Economic Research found that the average interview process takes 23.8 days to complete in the U.S. When you need help, that’s a long time to wait.
When you work with a staffing agency or talent and solutions firm, they’ll take care of recruiting, assessment, and screening for you. Which saves your company a ton of time. All your team needs to do is select top options from a roster of qualified candidates and conduct a few interviews to find the ideal fit.
Here at Vaco, we take things a step further by offering hosted interviews. We’ll do all the legwork and play host, so your team can focus on interviewing several qualified candidates in a single day. Hosted interviews can shrink the average interview process from 23.8 days to less than two weeks.
“During times of immense growth and change within an organization, hiring a temp-to-hire role allows you to avoid investing precious time looking for the perfect candidate, processing payroll, paying taxes, paying benefits, and completing onboarding paperwork … When the needs of your business flex, a temp-to-hire position allows you to bring on that professional as a full-time employee,” notes Vaco Associate Recruiter Fiorela Lindsey.
Your business benefits from better candidates
Companies that specialize in talent acquisition, strategic staffing, permanent placement, executive search, and managed solutions have access to a deep pool of highly qualified candidates.
Furthermore, finding the right person for the right position helps your company maintain a great company culture. It just makes sense: when you collaborate with a talent and solutions firm, their talent pool becomes your talent pool. And here at Vaco, relationships rule. We’ll stick with you until we find the perfect fit.
Partnering with a strategic staffing agency can save your company money
It’s a common misperception that staffing agencies are too costly for small-to-medium-sized businesses.
One of the biggest benefits of working with a talent recruiter is efficiency: you’ll have access to more highly qualified candidates more quickly, which dramatically cuts job search expenses and improves productivity and uptime. Other benefits include shorter onboarding and training periods and significant reductions in HR costs, turnover, and overhead.
What to look for in a talent recruiter
Not all recruiters are the same, so you’ll want to find a talent and solutions firm that focuses on relationships. Bonus points go to recruiters who take a consultative approach to finding the right solution for your situation.
You want to hire for the skills you need, but sharing values is equally important. When you find qualified candidates who share your company’s values, you can optimize productivity and improve retention rates.
“Hiring for values will save you time and money in the long run,” writes Vaco’s Joslyn Osborn in Top Employment Tips to Make 2020 the Best Year Yet. “Vaco can help make that perfect match since we value service, relationships, and culture — while having a little bit of fun in the process!”
How do recruiting agencies work?
Your ideal agency works hard to find, recruit, and hire the best talent for your position. And they’ll do it through an easy, streamlined process. A good talent recruiter will listen first and then partner with your team to alleviate the everyday pressures of hiring great employees.
You’ll want to look for a recruiting agency that approaches the hiring process as a collaborative partner. Look for an agency that delivers customized talent solutions and measures their success by your satisfaction. When you win, they win.
To get the most out of your partnership with your talent recruiter and staffing agency, you’ll want to clearly define your expectations, make sure your recruiter understands your company culture, and has a clear sense of what you’re looking for in a candidate. And, more than anything, you’ll want to keep your lines of communication open at all times.
Once your ideal candidate has been recruited and hired, your recruiter should keep those communication channels open. Companies like Vaco form long-term relationships with clients and candidates alike.
Partnering with a recruiter is an exciting step toward building the most effective and powerful team possible for your business. Vaco helps leading companies find talent to grow their businesses. We’d love to join you on your journey.
Contact us to learn more about our customized talent solutions.