As a business owner, you understand that efficiency is the key to optimizing productivity. An area of business that’s difficult to streamline is the hiring process. Think of all the steps involved from creating the job posting to vetting interview candidates.
Job placement agencies are used to relieve that pressure and give you more time to focus on improving your business. Here’s how job placement agencies help.
How Do Job Placement Agencies Work?
Job placement agencies are hired by companies to find employees for a specific role. The company will send the agency a position they are hiring for and the job placement agency will perform a search of their proprietary database and may also post the job on a board that is closely followed by its network of people looking for employment.
The reason companies hire job agencies is to gain access to the agency’s network of candidates who are ready to fill a specific role sought by the company. Job placement agencies can also vet and interview these candidates for the companies, saving them time and other resources.
Companies partner with job placement agencies because they can connect to real people sooner than posting a job description next to hundreds of other job postings on the internet. And people looking for work flock to job placement agencies for a variety of reasons:
- It’s free for people to use
- They will bring the jobs to you instead of the candidate searching for a job themselves
- A variety of companies in different industries use job placement agencies
- They get people prepared for specific industries
- They know the market and can provide valuable insights
What Is the Difference Between a Job Board and an Aggregator?
The difference between a legitimate job board and an aggregator site is that job aggregators collect different job openings from across the internet and put them in one spot.
Job boards have positions sent to them from trusted companies they have worked with in the past. Many job placement agencies have their own job boards that are targeted toward a network of candidates interested in a variety of industries.
The trusted relationship between job board host and company gives them the advantage over job listing aggregators like Google or Bing. These search engine giants can’t vet candidates before they apply for a position at a company, which leads to stuffed inboxes and more resumes for the human resource department and hiring leads to sift through.
Why Companies Use Recruitment Agencies
Companies use recruitment agencies because of their numerous resources and their knowledge of the hiring process. Instead of wasting time and money internally, companies use these agencies for many reasons, including:
- Faster hiring process
- Experts in hiring
- Access to a network of candidates
- Save companies money
- They relieve stress
Are Recruiting Agencies Worth It?
The simple answer is yes, and the biggest reason is that it saves you money in both the recruiting and training process — 2 of the biggest financial factors for companies big and small when it comes to finding and hiring new talent.
Turnover not only affects a company internally, but it can also hurt the company’s bottom line by spending top dollars to find a replacement. Marketing the job opening, internal recruitment-related tasks and time spent conducting interviews, drug tests, etc, all cost your company when hiring. Even replacing a minimum wage employee can cost a company $3,500.
Consider this: According to Training Magazine, companies spent nearly $1,900 per year on training every new employee. This includes the time spent by current employees bringing a new hire up to speed on internal processes and on-the-job training.
How Can a Job Placement Agency Help My Company?
You can cut the cost of advertising your position and vetting candidates with a job placement agency like STS Staffing. We give you the tools and resources your company needs to keep the cost of hiring as low as possible.
If you’re ready to work with a job placement agency and fill an open position right away, contact our team to find your customized solution. We have provided temporary and permanent staffing services for numerous companies and we can’t wait to help yours.