If you’ve exhausted every other avenue of hiring new talent at your company, consider working with a recruiter the next time you need to hire. In addition to taking the candidate search off of your plate, working with a recruiter provides several fantastic cost benefits.
Filling Positions Faster Saves Time and Money
Vacant positions cost companies a lot of money. And the costs aren’t only financial: when you’re missing a key player on your staff, others have to take over those duties, which means you have not only overworked employees, but possibly people who aren’t qualified to do the work they’re filling in for. Let this go on too long, and you might end up with an overstressed employee ready to walk out the door, and then you have two positions to fill!
Recruiters tend to fill positions faster than you can do on your own. Because they’ve a network of qualified candidates, they can quickly connect with those that best fit what you’re looking for, getting the right person for the job in as expediently as possible.
You Pay Your Staff to Work, Not Recruit
If you break down the time spent on tasks, you’ve got to assign the time spent on finding job candidates, especially when you don’t have a dedicated Human Resources department. The time your staff puts on finding a new hire takes away from the time they should be spending on their regular projects.
Working with a recruiter keeps you from diverting your employees from their job roles. You pay for the recruiter to do what she does best: find you the ideal job candidates, and you don’t have to pay benefits or other perks for the privilege.
No Up Front Costs
If you are working with a recruiter on contingency, there is no up front cost associated with working with the firm. The recruiter is paid upon performance. This eliminates your risk of paying upfront for recruiting services and if the recruiting firm is worth its salt, they’ll deliver a candidate you’ll be only too happy to pay for once he’s met your benchmarks.
A Solid Network Brings You Candidates Faster
Because professional recruiters have networks of qualified candidates, you can start interviewing them faster. A recruiter talks to her contacts regularly, and may have short list of qualified potentials when she takes your job order. She knows how to approach candidates at similar companies. And if she’s good at selling your company and the opportunity, the number of people you’ll have to review will probably be relatively short, saving you the time you would have needed to interview a dozen unqualified people.
The Cost Benefit of Hiring the Right Person
Another cost benefit to working with a recruiter is in finding a highly qualified person you wouldn’t have otherwise have found. Sometimes recruiters bring in what’s called a “passive candidate,” meaning that the individual might not have been looking for a job per se, but when the right opportunity comes along, she’s willing to make a move. This opens up your candidate selection tremendously and increases the chance of finding the most qualified candidate for the role, not just those who are actively looking through job boards and through traditional advertising.