Looking for skilled employees to join your team can be costly and time-consuming. Fortunately, staffing agencies specialize in finding qualified candidates for your open positions quickly and efficiently. By outsourcing the recruitment process, staffing agencies can help save your company money by taking care of expenses such as background checks, screening, payroll processing, and insurance costs for temporary employees. In turn, this can reduce your hiring costs and increase productivity.
Access to a Larger Pool of Qualified Candidates
The right staffing agency can save you significant time and money. By partnering with an agency like Primary Services, you can avoid the cost of advertising job postings, conducting interviews and background checks, and paying for training. Staffing agencies are constantly recruiting and building relationships with candidates in the passive pool so that when a job opening arises, they have pre-qualified candidates ready to fill it. Their talent pipelines are often specialized in specific industries or professions, giving them access to a much larger pool of qualified candidates than the average company can find. Staffing agencies can also reduce your risk by placing workers temporarily first so that you can see whether they are a good fit for your business before making any permanent hiring decisions. This eliminates the risk of investing a lot of time and money into an employee only to discover they are not a good fit or don’t work out. In addition, the staffing agency handles the onboarding paperwork, payroll taxes, insurance, worker’s compensation, and ACA employer requirements for you.
Save Time and Money
Recruiting and hiring new employees is costly, especially when it takes months to fill an open position. Not only does a prolonged time to hire drain company resources, but it also costs money for other employees who must work overtime to cover the workload. Partnering with a scientific staffing agency can help you save time by conducting the candidate screening and hiring process for you. This way, you can interview candidates who have already been pre-screened and qualified for the job, allowing you to find someone quickly and effectively. Staffing agencies can also save your business money by reducing turnover rates. Staffing specialists vet candidates before they send them to you and often have worked with candidates on a temporary or consultative basis in the past, giving them a good idea of whether or not they will fit well within your company’s culture.
Additionally, staffing agencies can save your firm money by eliminating the need to pay benefits to temporary employees. As outlined in a previous blog post, it can be expensive to pay out the cost of employee benefits when working with temps.
Flexibility
Finding the best candidates for your business’s open roles becomes much less stressful when you work with a staffing agency. The agency is responsible for reviewing resumes, conducting interviews, and performing background checks. This allows you to spend time focusing on other aspects of your company. Additionally, staffing agencies can provide you with temporary employees as needed for a set amount of time. This is beneficial because it allows the employer and employee to see how well they work together before deciding whether or not the employee should be brought on permanent staff. It’s important to remember that temp employees should still be treated like valued team members, regardless of their status. This will keep morale high and ensure that the employee’s performance does not suffer from their lack of familiarity with the company. This can also help reduce turnover risk if the employee is eventually hired permanently.
Reduced Risk
A staffing agency can speed up the hiring process significantly compared to traditional methods. Hiring a permanent employee via the traditional method of posting the position on a job board and interviewing applicants can take weeks or even months. Moreover, using a staffing agency can also reduce the risk of getting the wrong person for the job. A good staffing agency will have an extensive talent network that enables them to find the best possible candidates for your organization’s needs. They will ensure the candidate matches your corporate culture and has a suitable skill set and experience.
Additionally, staffing agencies assume many of the legal risks and hiring paperwork. This includes federal and state employment taxes, worker’s compensation insurance, healthcare coverage, W-2 and I-9 forms, background checks, and more. This allows businesses to avoid the hassle and expense of hiring and firing employees while reducing their overall liability and financial risk.
Improved Retention Rates
Employee retention is a vital part of running any business. High turnover rates can be expensive in dollars and time lost to finding and training new employees. Staffing agencies work to keep their employees happy by providing a positive workplace environment and offering attractive benefits packages. These include health insurance, a 401k plan, and flexible working hours. The ability to offer these benefits can draw in more candidates and also help improve retention rates among current employees. In addition, staffing agencies often have access to passive job candidates who are not actively searching for new positions but would be open to the right opportunity. The thorough candidate screening and assessment process that staffing agencies use can also help reduce turnover by ensuring the right fit between the company and its employees. By utilizing staffing agencies, businesses can save time and money, access talent and skilled workers, and improve employee retention rates. By taking advantage of these benefits, it is no wonder that staffing agencies are a popular hiring solution for many businesses.