3 Reasons Why You Should Outsource Talent Recruitment
Today’s economy has grown more competitive than ever, especially for small- and medium-sized enterprises (or SMEs). With a thinner margin of error, companies need to find ways to maximise their productivity and savings.
The modern economy also allows firms and freelance professionals to take on specialty work, relieving SMEs of the burden and cost of doing certain key tasks, such as hiring and human resources for themselves.
Below are three reasons why SMEs should consider hiring recruitment agencies for staffing solutions.
In an SME especially, time represents a valuable commodity. Traditionally in small or medium sized enterprises, human resources work with the owner or leadership team when making critical hiring decisions. Human resources staff in such organisations tend to wear a number of hats besides working with employees and conducting hiring, and therefore may lack specific experience and expertise in the field.
When employees have little experience in hiring, this can make the process lengthier. Owners must think of the units of time that they use running their business as a monetised commodity. You should think of how best to invest your hours.
Organisational leaders should allow recruitment experts to take the lead in hiring new staff. This enables them to focus on core duties involved in running the organisation. The process of checking references, conducting interviews, and determining worthy applicants represents a time-consuming task.
Also, those with less experience in hiring may overlook crucial issues that an experienced professional would spot. Hiring the wrong candidate can cost your organisation considerably in both time and money.
Your business functions best when everyone can focus on the basic challenges of producing the goods or services that bring revenue into the business.
Stop Paying Opportunity Costs and Save Money
Again, consider how much each hour of your time is worth to your company when you focus on producing goods and services. Think about how many hours you and your staff will spend on the hiring process. Recruitment agencies have existing networks and talent pools that most SMEs cannot match. A Recruitment Agency are more likely to fill the position much more quickly than an SME HR department, saving costs incurred under “lost time.”
Likely, the opportunity cost of not focusing on your core business is substantially less than the cost of hiring an outside consultant to handle the process. Many SMEs think they save money by doing the work in-house. They work under the false notion that it’s “free” to do it yourself when in reality, it can cost dearly.
Don’t fall into this trap. Reach out to a firm specialising in human resources recruitment today to learn how you can save money and get better results.