Benefits of Using a Staffing Agency
Staffing firms play a critical role in helping companies find talent. By staffing firms, we mean any external search firm that earns a fee for making a placement with a company. These agencies have proven their worth. With almost $90 billion in annual revenue, the staffing industry employs about 3 million workers daily. These companies play an important role in meeting the growing demand for skilled, qualified employees in the U.S.
You might think your HR representatives can handle your hiring, but these advantages and benefits of using a staffing agency will change your mind:
- Time Saving — Between writing a good job description, sorting through resumes and interviewing, getting someone new on your team can be a huge time investment – an average of 23 days total, according to a report by Glassdoor. But when you and your HR people have full-time jobs of your own, you may not have time to make hiring a priority, which means it could take even longer. An agency does the hard work of searching for and assessing candidates for the job, so that you don’t have to worry about it. You can focus on reviewing the best candidates presented to you, doing a few interviews, and selecting the right person. Plus, staffing agencies already have a large network of talent they have built over time and who they work with regularly. They may already be in contact with a candidate who would fit your needs perfectly.
- Money Saving — According to a survey by Monster, 70 percent of business owners believe that hiring a staffing agency is expensive and out of their price range. But the truth is a staffing agency can help you save money in the long run. When you hire someone, you need to invest in training and dedicate manpower to get them set up, and you’ll need to start paying them for their time too. If that person turns out to be a bad hire, costs end up being even higher. Staffing agencies help reduce turnover, and in turn, the costs that come with it. They vet candidates before sending them to you to make sure the candidate is the right fit for your team.
- Flexibility — Depending on your situation, hiring a new full-time employee may not be the only option for you. Staffing agencies are well versed in hiring temporary, contract, and temp-to-hire employees, with more than 15 million temporary and contract employees hired in the course of a year, according to the American Staffing Association. If your work is seasonal or you need help with a big project, hiring a temporary employee may be best. Or, if you’re not ready to bring someone on full time until you’re confident in their abilities, temp-to-hire is a good option. Staffing agencies can assess your needs and provide the solution that is right for you.
More and more companies are choosing to work with a staffing agency for their hiring needs. Founded in 1998, Controller’s Group is a staffing agency that is well established, reputable, and a trusted source of high-quality accounting and finance professionals. We have the resources and know-how to recruit and hire the right people for your team.