A staffing agency can help you locate well-qualified candidates while saving your company money and time. A staffing agency is an intermediary between employers and employees, matching suitable applicants with companies with open positions. Dealing with an employment firm can save your business time and provide additional benefits, such as freedom and reduced legal risks if it requires additional labor.
The hiring process for a modest business does not occur overnight. Reviewing applications, conducting interviews, and deciding on salaries take time separate from a business owner’s regular responsibilities, which can be detrimental to the business in the long run. Because of this, certain companies partner with hiring agencies, reducing the time and effort required to find applicants by offering workers for open positions.
Here’s what you need to know about what to expect if you’re contemplating working with a staffing agency to fulfill your hiring requirements.
What is a staffing agency?
A recruiting firm recruits candidates for companies seeking to fill specific positions. They assist companies with hiring for temporary, temp-to-hire, and direct-hire positions. A temporary assignment has a set start and end date, while a temp-to-hire assignment helps the hiring manager determine the temp worker’s long-term fit with the company.
If the agency does not have a readily available and suitable applicant in its talent pool, it will usually advertise the opening on job boards such as Indeed and other likely locations where job applicants would look. The agency can also reach out to qualified candidates directly through professional platforms such as LinkedIn, enabling them to filter results by keyword, job function, location, industry, and more. This strategy is beneficial when recruiting a niche expert with a particular expertise.
As with any other employer, the recruitment firm will then take applications, conduct interviews, and conduct a background investigation if necessary. Once the ideal candidate has been identified, he or she is employed by the agency (except for direct-hire positions). The staffing agency issues the worker’s compensation and advantages if offered, but the business determines the duration of employment.
What is the procedure of a staffing agency?
Finding qualified personnel continues to be a challenge for many small businesses. In fact, according to research conducted by Manpower Group, 69% of global companies – a record high for the past 15 years – have difficulty finding employees with the ideal blend of technical, soft, and personal skills. A staffing agency can assist your business in overcoming this obstacle.
When you require new employees and decide to partner with a recruiting firm, the typical procedure follows:
Employers contact staffing agencies:
First, you will contact a staffing agency specializing in your industry, providing details such as the job responsibilities, the number of employees required, the hiring timeline, and the hourly wage or salary.
The job description must be written by the organization:
The recruiting firm then creates and advertises a job description for your company. The organization may also contact them individually if a candidate is a suitable match for the position.
The agency screens applicants:
The staffing agency evaluates the experience and qualifications of applicants before arranging and carrying out interviews. They then select the most qualified candidates to present to the recruiting manager at your organization.
Employers make the final determination:
Before making a final recruiting decision, the prospective manager or business owner may interview the staffing agency’s top candidates. This protects you and the employee’s innumerable hours that would otherwise be spent sifting through numerous applicants.
The agency handles the necessary documentation:
Most staffing agencies manage all documentation related to new employees, such as contracts, taxes, and payroll duties.
How much do staffing agencies cost?
Staffing firms usually charge between 25 and 100 percent of the employee’s annual salary. So, if you and the staffing agency agreed to a 50% markup and the new employee earns $10 per hour, you will charge the agency $15 per hour for their services.
You may be required to pay extra costs for fulfilling the position or termination of contract fees if you employ someone temporarily indefinitely.
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