Positives and Negatives of Using Recruitment Agencies: Should You Go for It?
The hiring process is not a walk in the park for any business, especially at a time when there is a high demand for skilled hires in the workplace.
Finding a good hire requires a lot of steps.
It’s like looking at geographical essay examples from fifth graders.
Yes, it’s a pretty hard thing to look at.
You need to sort through CVs, screen and interview the candidates, and pick the best one that fits your company.
All of this takes precious time that you could otherwise use to focus on more important tasks.
This is why many businesses choose to work with an external recruitment agency for all their hiring needs.
But, How Does In-house Recruiting Compare to Recruitment Agencies?
These days, just finding the right kind of candidate is hard.
Yes, you can easily read a free term paper example on management and still find it really hard to look for a good candidate to hire for your company.
And with the unemployment rate as low as it is, your best bet would be to look for passive job seekers.
Yeah, the ones who already have a job but just might give in to the lure of an upgrade.
This also means that just posting on job boards about openings won’t be enough to attract the best candidates.
You need to come up with a great employee value proposition, create job postings that will stand out, and promote them on all your socials, sometimes you might even need to build a career site too.
You need to go through all these bells and whistles to even get one candidate to apply for the open positions.
And once you get some applications, you need to spend hours and hours finding the right candidate for you.
Seems scary right? But this is where the lure of recruitment agencies comes in.
They can help you find and shortlist high-quality candidates.
But, these recruitment agencies come with their own set of problems and advantages too.
DID YOU KNOW?
86% of the most qualified candidates for your open positions are already employed and not actively seeking a new job.
The Pros of Using Recruitment Agencies
Well, recruitment agencies can relieve a lot of the burden in the hiring process of companies, but there are basically three main advantages to using one:
They Make the Hiring Process Much Faster
Recruitment agencies can fill in all your job openings in a snap.
And the best part is that you don’t even need to spend time looking for employees.
The agency will handle all the legwork for you and give you the best ones that fit your needs.
Also, they are pretty fast at finding you candidates because they already have a library of vetted candidates to pick from.
So, in the end, all you have to do is choose one candidate that you like.
You Get Better Candidates
Well, you know that recruitment agencies already have a pretty large pool of vetted candidates, right?
They are pretty good at selecting suitable candidates. These recruiters have been professionally trained to assess the hires and they also use best practices to separate the real express from the good interviewees.
This means that they have already pre-screened and checked the skills of the candidates and you only have to pick from the choices you like the best.
They Have The Knowledge to Get You Skilled Employees
Plus, when you’re dealing with a recruitment agency, you have access to some pretty specialized knowledge that any of your in-house recruiters won’t have.
While your in-house recruiter may have to fill in many roles, the specialized recruiter from the agency will have in-depth knowledge of the role and skill they are recruiting for.
This also means that the agency can give you better insights into which type of candidate you should hire.
The Cons of Using Recruitment Agencies
Hey, just like there is another side to a coin, there is also a downside to using a recruitment agency for your hiring too.
There are basically three main disadvantages to using a recruitment agency:
It’s More Expensive
They may be good at what they do, but they do not come cheap.
You know, on average, the recruitment agencies’ fees will be 20 to 30% higher than your in-house recruiter’s annual take.
And these fees can get even higher if you’re looking to fill a hard-to-fill role.
Well, that’s all beside the point. The short of it is that you need to pay their fees every time you need to make a hire.
They Don’t Take Your Office Culture Into Account
While recruitment agencies are great at finding the best fit for the position, they cannot make up for the social culture in your company.
Simply speaking, they can help you choose the best candidate for your open position but not for your company culture.
But some agencies will go out of their way to make sure that their recruitment can match your company’s goals, mission, and values.
They Fail to Make You Look Like the GOAT of All Companies
If you’re using a recruitment agency, then you might just miss an opportunity to sell your company’s brand to your potential hires.
You know, every part of the recruitment process is like an opportunity to make your company or brand look like the employer of choice.
But, if you put this process in the hands of an agency, then you won’t have much of a choice in this matter.
Your hires will more than likely get their first impression of your company through second-hand experience.
Some Statistics on Hiring Challenges faced By Employers
There are many companies looking for good hiring candidates but it can be a lot of work.
By using a recruitment agency, companies can leave all the legwork of looking, vetting, and suggesting potential employees to these agencies.
While hiring agencies can bring a great deal of advantages, it also has its own share of cons.
Businesses need to keep in mind these issues when they choose to use a hiring agency to fill any open positions in their staff.