How to Choose your Recruiting Partner among so many Options?
Businesses oftentimes prioritize recruiting partners who preserve a wide range of partnerships and eligible applicants’ contacts. However, considering the abundance of recruiting agencies out there, which one will be the most suitable for you?
Instead of wondering if the agency is familiar with businesses like yours, consider how prestigious the recruiting agency is in your area. Do they have a particular recruitment process that works well with your sector? Was the company founded by someone who had an extensive network since then?
Each recruiting agency should demonstrate a reason why they are the best fit for you, which begins with an overview of their expertise. Below are a few questions that you may address to define your best partner.
What is the hiring time of the recruiting agency?
According to the Society for Human Resource Management, the average time-to-hire is 36 days. Naturally, which varies by sector, but it is good to know your own median hire time.
One of the best benefits of cooperating with a recruiting firm is that it could draw applicants swifter than you could. On average, they should be able to get back to you in fewer than 30 days for a qualifying applicant. If the agency cannot refer a suitable candidate as soon as possible, consider partnering with a new firm.
What is the ratio between interview and recruitment?
The interview-to-hire ratio examines the number of applicants a recruiting agency interviews before they make an offer. The recruitment structure varies among industries, however, 3:1 is a relatively consistent ratio.
Knowing the standard ratio of your recruiting process will provide you with a benchmark to evaluate the efficiency of a recruiting firm. You should look further if the figure is unorthodox. For instance, if an organization uses 25 candidates from its talent pool to interview before making an offer, there might be some problems whilst the recruitment process, whether in the job description or the screening method. On the other hand, if the ratio is 2:1, the firm might not be casting a wide enough net to find the best candidates.
Does the agency have additional services?
According to a study by staffing industry analysts, many agencies are now offering other services consisting of accounting, and more. Other agencies may include healthcare benefits, which could assist in alleviating those costs for your business as well.
Conclusion: Take time to think about your process
Take time to think about what is critical for your organization before starting looking for recruiting agencies. After addressing the aforementioned questions, you may also reflect on your business needs: Are you searching for candidates who align with your mission? Are soft skills crucial for you? Is time vital or are you willing to wait for the right candidates? Knowing the answers to these questions will help you better decide which agency can fulfill your priorities.
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