5 Important Points to Consider when Hiring a Staffing Agency Many organizations take the help of staffing agencies in Dallas, TX to recruit employees for various positions such as physicians, corporate executives or pilots. The demand for these positions are very high and you need experienced people to hire resources. There may be instances when it might not be possible for a hiring professional to close the position and you may need the help of employment placement agencies. There are, however, some evaluation process that helps you determine the expenditure for talent acquisition. The blog discusses some of the factors that you need to check before hiring a staffing agency.
1. Terms of Service Retained and contingent are the two primary divisions of recruitment agencies. It is advisable to choose a retained agency if you plan to get all the processes such as screening, short-listing and sourcing done for you. If you, however, want more people for the interview, you can go for a contingent agency.
2. Time Required to Hire the Resource The time taken by the two different staffing agencies also varies. A retained agency may require approximately 4-6 weeks to shortlist employees for an organization. A contingent agency doesn’t have a specific time limit to shortlist employees. To be more precise, a contingent agency may either have or not have the right resource for you at the first instance. Ensure that you ask the agency the time limit within which they can provide you with the required resources. Get all the necessary details such as the time to source candidates for a particular position at a specific location.
3. Cost of the Work An essential factor that you need to consider whenever hiring a recruitment agency is the cost of rendering the services. Many recruitment agencies may charge 15-25 percent of first year’s salary for the position. The cost may be high for positions that are in demand and low for positions that have a surplus labor. Before hiring a recruitment agency, you also need to determine whether the other sourcing channels are capable of closing the position and the revenue your organization may lose every day when the position is vacant.
4. Type of Leads Weak leads are of no use as it results in wastage of time and money. You need to consider the percentage of candidates shortlisted for interviews in the past by the agency and how many were hired if you hire a retained agency. As you may be paying a premium amount for top talents, ensure that they provide you with good candidates who meet your specifications. If you hire a contingent agency, only one of the ten resumes shortlisted may have all the skills and experience you need for the position.
5. Get Multiple Proposals from Vendors Before you hire a recruitment agency, ensure that you get an idea about the charges of recruiting agency. Get multiple quotes and proposals from vendors before shortlisting an agency. In addition, check the reviews of the recruiting agencies to ensure that you are hiring a reputable and trustworthy agency for the job.
Last few Words The five points mentioned above help you reduce the time required to hire a resource, improve the quality and reduce the risks of hiring an employee who may not meet your specifications. A thorough research ensures that you hire an agency that can help you recruit employees who are worth the time and money you spend.