How Staffing Agencies Can Save you Time and Money

There are a number of ways that staffing agencies can assist you in hiring the right talent for every job opening, but essentially they act as an extension of your existing human resources department. If your HR department consists of only you, the owner, then outsourcing some of your hiring practices can be a tremendous boost to both your productivity and your sanity.

Certain HR decisions, like hiring, can be overwhelming and often bring no immediate monetary return to your company. And hiring the wrong person can have a lasting impact on company morale, productivity and the bottom line. Here just a few ways staffing agencies can take the headache out of hiring.

Easier to Find Employees with Specific Talent

While you probably know your industry very well, you may be hopeless when it comes to understanding some of the niche roles in your company. If you’re not a writer or a designer, you may not know how to attract the right marketing professional to your team. If you’re looking to launch an annual fundraiser, you’ll need an event planner who can help realize your vision. Staffing agencies can help you identify and contact talented individuals you might not know how to find. They can help you assess employees, check their references and identify candidates who will fit your needs.

Reduce the Cost of New Hire, Bad Hires

Hiring any employee is a large investment of time, effort and resources to post a job, screen applicants, interview and then train a new employee. Staffing agencies take that cost out of your hand when you contract their services. Yes, it requires a relatively hefty fee to actually work with the recruiting company, but think about it in long term.

Additionally, using a staffing agency can drastically reduce your chances of making the wrong hire. The Department of Labor estimates the cost of replacing a employee to be one-third of their salary. However, hiring the wrong employee and fixing the mistake within 6 months can cost as much as 2.5 times the person’s salary. Even at $40,000 a year, that is a $120,000 mistake, including their salary.  Isn’t that worth the cost of doing it right the first time?

A Motivated Job Search

Let’s face it: there are a number of tasks that you would prefer to do instead of combing through resumes and applications for the right hire. Many small business owners will drag out the process, costing themselves more money as they struggle by without the proper staff.  Since you’re paying them to find the right employees, a staffing firm will not suffer from a lack of motivation. And since they can only compete on their reputations, these agencies have become skilled at weeding out potential job candidates who are not properly motivated or lack the skills necessary for a specific job. Since they are working for you, not a jobseeker, a recruitment agency will work to assess potential employees to make sure they’re a perfect fit. This will help you cut down the risk of a bad hire, while also minimizing the time and effort spent identifying quality candidates.

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