Top 10 Advantages of Using a Recruitment Agency
As one of the leading recruitment agencies in Toronto, and we feel that it’s time to highlight the benefits of outsourcing your hiring needs. Yes, you could go ahead and take on that elaborate and extensive process yourself as a company, but there is a much easier and efficient way. For starters, if you choose to do it yourself, job boards, LinkedIn, and other social media platforms are popular for advertising open positions and it does give you a good range of candidates. However, the majority of candidates who apply through these impromptu venues are not necessarily the most qualified or experienced. More than that, it becomes an issue of not knowing exactly where these applicants come from in terms of work background. To know that you need to sit and sift through hundreds of different applications, cross-compare, and short-list. This is all before you even get to the interview stage! This is where using a recruitment agency comes in handy.
It is fair to say that there is a good amount of working capital, work hours, and energy that goes into the process. Even if you are successful, there is no guarantee that you will see the desired results or if the employee will stick around. Simply put there are a ton of risks and effort that goes into the hiring process. Save yourself the hassle and outsource the process to a recruitment agency. With that said, here are the top 10 reasons you need to start using a recruitment firm.
1. Gain Access to the Cream of the Crop Via the Recruitment Agency
One of the biggest advantages of using a recruitment agency in your hiring process is that you gain access to a wide network of potential candidates. You need to keep in mind that job-seekers don’t have the time or the luxury to waste time searching. Instead, they try to find jobs through trusted placement firms such as ours to find the ideal role for them.
The advantage here lies in the fact that job-seekers who are part of the agency’s network are actively looking for a position. On the other hand, you also need to consider those recruiting agencies also have an image to maintain, and placing candidates who lack the experience or who don’t exactly align with the company will be a costly mistake. Hence you can rest assured that recruiting agencies greatly drive up your candidacy duration and quality.
2. Save Tons of Time and Money Through Recruiters
Another big benefit to using a recruitment agency is the time-saving factor that it carries. Think about it, the majority of their resources are committed to hiring candidates for their clients. Your company on the other hand has only a portion of the resources dedicated to the process of hiring. As recruiters, we collect and assess CVs, check references, filter the candidates, and conduct interviews on behalf of the candidate to minimize the cost and time spent by the company on the same.
3. You Get Industry Expertise on Your Side
As a leading direct hiring agency in Canada, we have an edge over the average hiring team that exists within a company. How? Our recruiters are experts in their field and this translates to specialized insights and knowledge of particular industries such as competitive industry-standard salary levels, market trends, job demands, and skill requirements to name a few. This allows these expert recruiters to search for talented individuals who are suited specifically to a particular role in a particular industry. They find that niche talent, and that is what sets them apart from traditional methods of recruitment.
4. Optimal Salary Bench Marking
The major concern with salary benchmarking is that you want to save as much money as you can, while still giving your employees a competitive salary. For that, you need to know the market, industry trends, what the competition is offering for the same kind of work, and so on.
With the aid of a recruitment agency, you don’t have to worry about getting the answer right, because the expert recruiters already know the ideal salary benchmark and will recruit candidates based on your budget. Thereby giving you the best of both worlds.
5. Preserve the Corporate Image With the Help of A Recruitment Agency
Hiring comes with challenges, especially when it is hiring for already filled positions where you are looking to replace the employee. Continuously advertising for open positions makes it look like you have a high turn-over rate and that is automatically a turn-off for potential candidates who might think of applying. That is why hiring firms can be a benefit as they handle these matters with the utmost discretion. They have their own roster of candidates or applicants that exist outside the domain of mainstream job sites.
6. A Recruitment Agency Acts as a Safety Net
In some if not most cases, recruitment firms provide a minimum guarantee period for the candidate’s tenure at your company. This simply means that the hiring firm recruits specific candidates based on many factors, one of them being that they stay on for a minimum period for e.g. for six months or a year.
So, Why is this an advantage you ask? Because not only do you have an assurance that you have the role filled by someone who actually is qualified to the necessary standard for a fixed period, but you have a safety net if they get fired or leave. In the event of the latter, it falls to the hiring agency to compensate your company for the loss.
This can be in the form of a refund or they find you a better replacement at no additional cost. This is again money and time saved, with no real loss to the company if you think about it.
“The cost of hiring someone bad is so much worse than missing out on someone good.“ – Joe Kraus, Founder of Excite and Business Partner at Graham Spencer
7. Expand Your Brand Reach with a Recruitment Agency
If you think about it, with all the cold calls, emails, interviews, and outreach that happens in the name of your organization by employment agencies, that adds up to significant exposure. Your company name certainly will get out there. The more people you take on and the more candidates are reached out to, the more the reach of your brand grows. In the long run, it’s a win-win.
8. Confidentiality is a Top Priority
Let’s say that you want to hire for a new position that might give you an edge over the competition. You certainly don’t want the word to get out about this new role and what it entails, but at the same time, you need candidates to apply. Hence, you need a hiring agency that will maintain a high level of discretion and conduct under-the-radar recruiting on your behalf. This is especially important if you are starting a new business and are just in the fetal stages of the company’s growth – you need every advantage you can get.
9. Recruitment Agency Services are Good to Have in a Pinch
Yes, Recruitment firms can help you fill full-time and contracted positions, but they can also help you fill those unforeseen interim positions. This quick solution aspect of recruiting firms can be beneficial in a pinch. You may find yourself in a position where you have to fill a position temporarily in the event of an emergency. For this purpose, hiring firms are an ideal solution thanks to their time-saving nature of operating.
10. It’s More Effective than Ads
As a business, you could spend thousands of dollars on campaign ads, marketing, outreach, and so on. The point is that you would usually spend above and beyond for the sake of growth and exposure. Yes, advertisements are effective in their own right, but there are still no guarantees and the cost is significant.
Now similar to expanding your brand reach as mentioned earlier, direct hiring agencies have a distinct advantage over ads, they reach targeted persons with a very specific goal in mind – get them involved in your business. In a way, if you think about it, it is way more effective than ads thanks to the relatively lower cost and the higher rate of success and engagement with your company.