Did you know that the average cost of hiring a new employee can be anywhere from approximately $4,000 to more than 10 times that much?
A large portion of this expense is lost productivity. But another big chunk comes back to costs associated with the recruitment process itself: HR staff time, advertising, and background checks and other screenings, just to name a few.
Especially for organizations where management and employee time is already stretched thin, handling recruitment in-house may not be a wise investment. A headhunter – or professional recruitment agency – that can send you the right candidates and not just a massive pool of applicants is the best way to go.
The Benefits of Partnering with a Headhunter
Working with a professional recruiter can make a big difference in your hiring strategy as you search for top talent and ensure that your best employees remain loyal to your organization. If you partner with a headhunter, you will:
- Attract the best people: This includes passive, as well as active, job seekers. You may not have access to candidates who are currently employed and not actively looking to make a move – but a good recruiter will. They’re capable of scouring the market, as well as calling your competitors to get to their best performers.
- Save time: Do you really want your senior managers spending countless hours searching for talent? Of course, you need their input. But time is money – and much of theirs is probably best spent elsewhere. Leave the hiring nuts and bolts up to a recruiter.
- Save money: The benefits of hiring a good headhunter far outweigh any costs involved. According to most research studies, an employee at a profitable company generates three to five times their annual salary in value. So if you leave a $70,000 position open for just one additional month, that adds up to $18,000 to $30,000 in lost profit. Agency fees are part of the cost of doing good business.
- Practice continuous improvement: Follow the ABR – always be recruiting – principle. This means that you don’t stop looking for good talent after you fill a job. If you keep your own core staff focused on their key business duties and keep your recruiter working on building your bench strength, you’re on the right CI path. It may often feel like a sprint, but in reality, it’s a marathon. And you can’t always run it alone.
At TRC Professional Solutions, our unique recruitment process ensures that we deliver exceptional results – and you see only the best candidates on the market. To learn more about working with a job search agency, contact us today.