If you are a CEO, executive, HR professional or hiring manager you are well aware of the expenses involved in filling a vacancy. Recent studies show that it can cost 150% of the position’s salary to fill the open spot. Recruiting, training, lost productivity, decreased morale, etc. all come into play when you have an unfilled spot on your team. What you may not know is that retaining a professional recruiting firm can help you control these costs and those savings go straight to your bottom line. Here are three specific ways an agency can help boost your profits.
Find the Right Person for the Job
Hiring the wrong person can be very expensive. Turnover, decreased morale, decreased productivity, and even loss of clients are just a few of the consequences a toxic hire can have on your operations. Professional recruiting firms have a broad reach to find the perfect candidate for your job and your company. Their vast network combined with extraordinary vetting processes minimize your exposure to the pitfalls of a bad hire. Finding candidates with highly aligned skills and experience also drastically reduces your onboarding costs.
Vacations, maternity leaves, business cycles and an unpredictable market environment can make workforce planning seem almost impossible. A specialized recruiting agency can help you assess your full-time staffing needs and determine potential temporary gaps. They can then provide you with either contractors or temp-to-hire options that help you manage the gaps and potentially find a new staffer when a permanent position arises.
Saves Time and Resources
Now, perhaps more than any other time, you and your business should be laser focused on your core business. Recruiting and hiring can consume valuable time you could use to service clients and bring on new clients. Add to that the hard costs of placing ads, running background checks, etc. and you’ve pulled a lot of resources away from core business activities. A recruiting agency can take these tasks off of your plate and let you focus on what you do best.
Danielle Foppe is a Recruitment Manager at Business Centric Technology. If you are interested in learning more about how to get the best IT talent in the Dallas metroplex, contact Danielle specializes in recruiting IT talent in Dallas, Ft. Worth and North Texas. If you are looking for a rewarding career contact us today.