Is hiring a recruitment agency worth it?

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Why use a recruitment agency? It’s a question many employers ask when they are looking to expand their business, take on new talent and fill the important roles in their organisation. We happen to believe that the investment is well worth it. Here’s why:

Source the best talent for your organisation

Recruitment agencies have access to the greatest talent available, including individuals who are actively looking for work as well as candidates who are already working.

Applicants who are actively seeking a new work position are more likely to register with a recruiter owing to their efficiency. Most agencies will post job vacancy ads on a variety of job boards, knowing the logistics and marketing worth of each one – vital knowledge gained only from working in the recruiting industry.

Finding the appropriate people can be challenging at times, simply because they are scarce. If candidates do not declare themselves to be “actively seeking employment,” they are more likely to have a trusted, professional recruiter submit job applications on their behalf — giving them access to a “talent pool” that would otherwise be unavailable.

Each consultant at a recruitment agency has the opportunity to use their networks to assist link you with the right people.

Helps you save time

It is general knowledge that time is money in business; however, using a recruitment agency saves time. Because they handle the first steps in the hiring process, recruitment firms save your company time. No more trawling through applications and CVs; a recruiting agency will make sure that the time you spend on the application process is spent wisely on seeing those candidates who are worth considering.

But it doesn’t stop there; a recruitment agency will schedule interviews and provide all necessary information to candidates – all you have to do is prepare and show up!

Recruitment firms handle all aspects of administration, including communicating with successful and unsuccessful candidates, as well as confirming candidate information such as qualifications and references.

When a company uses a recruiting agency, they save time and money by not having to dedicate in-house resources to recruitment. This can result in a faster turnaround in filling openings and an increase in the company’s efficiency.

Further Services Included

Background checks on candidates are required when assessing new employees; however, this can take a long time because it entails following up on references, conducting preliminary interviews, and ensuring that the individual matches what they promise on their CV. Another benefit to employ a recruitment agency is that you can rest comfortable that each candidate you meet has already completed the preliminary exams that come with the additional services.

When deciding which recruitment agency to use, it’s important to consider the additional services provided by the agency. For example, psychometric tests, contract and permanent recruitment, executive search, project support, and managed services are all beneficial services provided by the best recruitment agencies.

If your company has a job opening with an unknown salary, a recruiting agency is well-positioned to provide you with an accurate market rate based on salary statistics and local market knowledge. To benchmark pay and projected candidate rates, most recruitment companies will use websites like Glassdoor and Indeed.

Market knowledge is an area of expertise.

Your candidate needs may be specific and tough to locate in many cases; this is where a recruiter’s sector skills and market knowledge come in handy. If you’re employing a manager, for example, you might need an expert opinion and understanding of current recruitment legislation – the agency should be aware of all necessary needs and legalities.

Once you’ve established a trusting relationship with a recruiting agency, future hiring will be a lot easier because the agency will be aware of the attributes that are required to make the appropriate fit for your company. The top recruitment agency will function as collaborators and partners, as well as your eyes and ears on the ground.

Recruiters are experts in their fields and can provide the hiring team with regular updates on what’s going on. These recruiters will know how to find the best available personnel, as well as wage rates, career expectations, current hiring complexity, available skill sets, and shortages. Expert recruiters, for example, will be able to advise on alternate alternatives if it is difficult to find the same quality of applicants in other related businesses.

Cost Savings, Both Short-Term And Long-Term

Recruitment agencies will have allocations on all of the major job boards, allowing you to ensure that your company’s job ad is placed in the most appropriate spot – posting single one-off positions with advertising agencies can be costly.

The cost of sifting through CVs and having initial conversations adds up; however, if a company uses a recruitment agency, not only is that cost reduced, but the recruiter can also assist in negotiating the best salary (by providing both guidance and advice on what is fair pay), resulting in a higher chance of hiring the best candidate.

Short term cost savings include:

  • Save money on posting job advertisements
  • In-house workers can undertake other activities
  • Reduces potential overtime costs (temporary hire/overtime periods)
  • Reduces the likelihood and cost of employing an inadequate candidate for the role

Long-term cost savings include:

  • Lowers training expenses (some recruitment agencies provide candidates with the opportunity to learn field-specific regulations while looking for work)
  • Lowers future hiring costs owing to a trustworthy connection
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