You’re probably well aware of the importance of having the right staff members to power your company. Employees are the backbone of any business regardless of its size or niche in the market. Without qualified employees, things are bound to take a turn for the worse. You might see increased downtime, decreased productivity, higher costs of operation, low morale, and surging customer complaints to name a few of the potential issues that come with hiring unqualified candidates or leaving important positions unfilled for extended periods of time when recruiters are not used.
If your company is facing those issues, you know you need to make certain internal changes. This could mean replacing employees that aren’t pulling their weight or bringing in new talent to help transform plans for improvements into a reality. Of course, finding the right candidates to fulfill your expectations isn’t a fast or simple process. Having consumer insights recruiters on your team to foster the process can be immeasurably valuable. Consider some of the primary benefits of bringing executive recruitment specialists on board with your company.
1) Matching Needs to Know-How
One of the main advantages of using recruitment firms is their ability to find the right employees to fill the positions you have available. You could spend days, weeks, or even months sifting through applications and resumes without ever finding a truly qualified candidate to meet your needs. In such a situation, many businesses simply end up settling for the closest match. Doing so ultimately leaves the companies, their employees, consumers, and numerous other people shortchanged. Everyone loses out along the way.
All this could be avoided by hiring a recruitment team to find qualified candidates. They have much more extensive databases than individual companies alone. They also have dedicated staff members who are specifically charged with the task of finding your ideal candidates. Your chances of getting the perfect person to fill the positions you have available are greatly improved, and everyone benefits rather than experiencing all the drawbacks of settling for an employee who may or may not be the right fit.
2) Saving Time
As mentioned, you could spend months looking through hundreds or thousands of applications while trying to find the right executives for your company to no avail. In fact, some reports show that even with highly filtered searches, more than half the applications and resumes companies receive are for unqualified candidates. All that time wasted on unqualified applicants could have been better spent on other tasks, such as making sure the company is running smoothly or developing new products and services. On top of that, the time spent desperately seeking the right candidate for the job can have a negative impact on virtually every aspect of your business.
Recruitment companies take care of many of the aspects of hiring new employees, such as the sorting, screening, and weeding out of unqualified candidates for you, so you can devote your time to other matters. In most cases, these recruiters are able to find the right matches for your company’s needs much more quickly than you or someone else within the company would be as well. You won’t waste time on the process, and the position might be filled much more quickly, so the business can begin to benefit from the new talent sooner. You could save weeks or even months of valuable time by letting professional talent recruiters handle the matter on your behalf.
3) Avoiding Unnecessary Expenses
Numerous expenses come with recruiting and hiring new personnel. These include the cost of advertising the open position, the time spent searching through applications and interviewing candidates, following through with callbacks, having background checks carried out, and training to name a few. Let’s not overlook the costs of the position going unfilled along the way. Based on one recent write-up, the costs involved in hiring an executive and the time spent doing so can add up to $70,000 or more. If you end up hiring someone who isn’t a good fit for the job, the costs skyrocket from there.
Though it’s true that hiring an executive recruitment firm to do the searching, screening and selection for you comes with certain fees, they pale in comparison to the costs of covering all those points on your own. Granted, you’ll still need to acclimate a new employee to your company’s specific processes no matter how much experience he or she has coming into the business. Still, all that won’t cost you nearly as much as facing the process without help or potentially hiring the wrong candidate for the job.
4) Thorough Vetting
You’ve probably stumbled upon a job candidate or two who seemed too good to be true. You know what “they” say about a situation like that: if it seems too good to be true, it probably is. The candidate could be exaggerating about his or her skills, experience, and education. He or she may even have a criminal record or a history of subtly cheating employers out of money in one way or another.
To verify candidates’ information and ensure they’re free of questionable or criminal activity, you’d need to put quite a bit of time and effort into performing background checks. Even so, you could miss some vital details along the way. Executive recruiters handle background checking and vetting for you. They also have extensive resources for doing so. They’re a great deal more likely to find all those pertinent details than the average person, so the risks of being drawn in by false information aren’t an issue.
All Things Considered
Finding the perfect candidates to fill executive and specialized positions within your company isn’t a fast or easy process. If you try to go it alone, it could also come with numerous hassles and expenses. Fortunately, you don’t have to do it all on your own. You can have an executive recruitment firm do it for you. With recruiters on your side, they’ll take care of all the difficult, time-consuming, and potentially costly details. All you have to do is speak with a shortlist of highly qualified candidates and make the final decision.
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