4 Signs It’s Time to Work With a Recruitment Agency

Is your business struggling to hire staff? Do you find yourself filling the same types of roles due to consistent high turnover rates? Or maybe you find your job ads are not attracting the right candidates. If any of these pain points sound familiar to you, it might be time to bring in some additional help.

Regardless of the size of your organization or whether or not you have an internal HR function, pain points such as lack of time, resources and money are all contributing factors that are likely telling you it's time to work with an experienced recruitment firm.

We have put together a list of 4 telltale signs signalling that it's time for you to bring in reinforcements when it comes to hiring your next team member.

Your Vacancies Aren't Being Filled

Prolonged open vacancies not only monopolize internal resources, but likely are also costing you a pretty penny in advertising expenses, yielding less than stellar results.

At Capital Recruiting, we are passionate about really getting to know our clients and their target audience. Knowing where the target marketing is spending their time online is they key to success. Strategically placing a tailored and customized job ad in all of the right places guarantees exposure to your target market, bringing in quality candidates in a fraction of the time.

Your Managers Have Become Recruiters

The startup community is no stranger to wearing multiple hats. But how many hats is too many to reasonably still perform your job duties efficiently? We all know that hiring can be extremely time consuming. From reviewing hundreds of CV's, to booking and coordinating countless interviews, this can take up a lot of your already precious time.

Working with a recruitment agency immediately alleviates most of this load. Industry experts will support you though:

• Developing a personalized internal job profile that outlines the 'WHO' in your ideal candidate profile.

• Create an exciting job ad tailored specifically to attract like-minded individuals that align with your company culture and benefits offered.

• Design a standardized clear and efficient interview process. Designed to reduce time and increase success rates.

• Review all incoming resumes AND outsource for additional great talent.

• Pre-vet all candidates, verifying their hard and softskills.

• Manage all of the administrative coordinating of candidate interviews and skills testing requirements.

• Perform reference checks, prepare offer letters and manage all candidate negotiations.

• Most importantly, ensure each and every candidate has an amazing experience with your organization!

Let's allow your leadership team to get back to doing what they do best!

You Don't Have a Clear Vision

From temp to perm, full-time to part-time, to hard and soft skill debates, really discovering the WHO can often be the biggest roadblock to successful hiring. Without having a clear vision of who this candidate is and what they will do, employers often post generic job ads leaving them underwhelmed by the quality of candidates coming in.

Job ads don't work as a 'one size fits all' solution. Each requisition should have a clear and concise picture of who the right candidate is prior to developing any job ad. A skilled recruitment agency will dig deep into your current and future business needs, your unique company culture and existing makeup of your current all-star team and develop a well-rounded customized job ad that aligns with your vision. Your tailored job ad will have all the right buzz words that will attract likeminded individuals.

You're Spending Too Much

If you think you are saving money by keeping the recruiting all in-house after seeing all these signs, think again. The average cost of a bad hire is up to 30% of the employees first year annual salary. The cost breakdown relates to repeated recruitment expenses, retention and training resources, and most important, time.

Between the costs associated with job boards or the continued cost of hiring the wrong candidates, you are likely finding your cost to benefit ratio beginning to dwindle.

Final Thoughts

Using a recruitment agency can be helpful from both an HR and accounting standpoint. Agency fees are business expenses which can actually help your bottom line. The average cost to fill an open position is a minimum of $4000 and would increase with time and resources utilized. Agency fees are a legitimate expense that can actually offset a portion of that cost.

According to a LinkedIn study, only 12% of the workforce is actively looking for jobs whereas 85% is open to hearing about new opportunities. Skill recruiters NEVER rely on the post and pray method. They will actively source the market and your competitors, filling your candidate pipeline with the RIGHT people the first time.

Working with a recruitment agency can turn what feels like a never-ending process into a search that lasts mere days. Knowing when and how to work with an agency will not only reduce the stress of finding great talent but will help you retain a longer-term hire.

Connect with us today to get started!