In today’s cutthroat business world, hiring the right talent is important. This will lead to greater productivity and will determine how successful your business is. But have you thought how to recruit the right talent?
There are two types of recruitment options available for the organizations. One is to use an external recruitment agency and the other is to keep it in-house. Although in-house recruitment gives you the benefit of consistency throughout the process, still there are many challenges to choosing to this kind of recruitment.
Many organizations think keeping the recruitment in-house helps to keep the cost down. This can be certainly true when you are hiring for occasional roles, especially the non-technical resources. On the other hand, if you want to recruit specialized resources, it is good if you give the job of recruitment to an external agency. Sometimes the costing can substantially rise if you keep the process in-house. If you choose to have a full-time recruiter, you will find that there are times when the hiring is slow. But still, you have the overhead of paying a full-time salary. With an external recruitment agency, you are paying only when you need them, and only if a candidate is placed successfully.
Many companies do not prefer having in-house recruiters. Instead, they use their current staff to deal with the process. As a result, they end up consuming lot of time and resources which could be used for other aspects of the business. If you are using your important resources to undertake the complete hiring process that includes advertising, short listing and interviewing process, you are taking them away from their actual role. This will have a greater impact on their productivity and organization’s profitability. Again if the new hire does not work, you will never get back the time you invested in hiring a new team member. On the other hand, an external recruitment agency will dedicate their quality time to the process, which means you will have time to focus on your core business.
One thing that distinguishes a recruitment agency from an in-house team of an organization is their exceptional expertise. Identifying the right candidate for the role requires knowledge and expertise. If you are doing the process in-house, there is a possibility you might miss a strong candidate and shortlist others that are not a good fit. Interviewing is also a great skill that develops with experience and time. A recruitment agency with good hands-on experience in recruitment process knows how to identify or shortlist candidates matching the job profile or description. Again there are many more hidden costs of in-house recruitment. Some of the top factors include the training costs, travel expenses and job postings.
So it is always a sensible decision to hand over the recruitment process of your organization to a recruitment agency with experience and good repute in the market.