With so many job agencies around, it can be time-consuming and challenging to choose one particular job agency to work with for your recruitment needs. So what do you do to get the right staffing agency that won’t disappoint you?
This ultimate guide for selecting the best staffing agency is what you need to help you safe time and get the right agency to work with. In this guide, we will present four main processes and give you essential tips for selecting the best job agency. Take a look.
1. Understanding A Recruitment Agency
A job agency is a firm that is paid by a client company to look for employees for them.
Recruitment agencies act as intermediaries between job seekers looking for work and businesses looking for employees to fill positions in their organization.
2. Is It Worthy To Use A Recruitment Agency?
The job market nowadays is very saturated with so many job seekers looking for the same job opportunity. In this case, it becomes a hard job for companies to choose the right candidate from the pool.
That is the key reason why most companies turn to employment agencies to assist them in employing the right talents for their job openings.
Here are key reasons why firms use a job agency;
a. To Save Time
When a company chooses to use an employment agency, it can save time in two ways; – first, the agency has a pool of candidates waiting for the right positions to fill and therefore whenever positions come up, it is a matter of picking the most talented one, and that saves time in the hiring process.
Second, job agencies depend on recruitment for their living, and therefore they do it the best. They have set up the mechanisms and devoted the right resources to use in the hiring process. This shortens the full cycle of hiring process significantly. In short, they can hire the best talent faster!
b. To Enhance The Quality Of Hiring
This is the second reason why your company should consider using a job agency for its hiring needs. The main benefit is that you can go to a specialized recruitment agency that offers services in your field of specialization. That means the agency has a pool of applicants specializing in that field, and therefore you can get the right candidate faster.
c. No In-House Recruitment Needed
Often, small businesses and startups lack an in-house severe human resource department. This is because they are financially strained to hire expertise and provide the right resources for the hiring process.
To make sure that this doesn’t hold them back whatsoever, they turn to job agencies for their hiring to be carried out professionally and effectively.
d. For Additional Security
When you use an employment agency for your hiring needs, you are assured of additional security as opposed to when you use in-house recruiters. This is so, especially when it comes to retention of the new hires.
Professional recruitment agencies usually provide guarantee period. This implies that the employee they give you will work at your company for a certain period (3-6 months).
If you decide to terminate the contract with the employee or he decides to quit the job before the guarantee period ends, the employment agency will refund your money or, most commonly find a replacement employee for no additional costs.
3. The Cost Of Using A Recruitment Agency
Well, we have discussed so much about job agencies. Now let’s discuss the most important question. What is the cost of using a recruitment agency?
According to the report published by Bersin Deloitte, the average cost of filling an open position in-house is $4,000. Since it is average, this can go higher.
The fee for a recruitment agency also varies depending on the position you want to fill. Other factors come to play such as;
- Industry.
- The salary for the position.
- The number of employees you want.
- The type of hire.
Generally, job agencies calculate their fee as the % of the yearly salary of the successfully placed candidate. In most cases, the fee ranges from 15%-25%, but for hard to fill positions, it can reach 50%.