If there is one key factor when it comes to working with a workforce solutions provider, it is a time saver. With their expertise to assist you in finding the right talent at the right time, you can focus your time and energy on running your business. But how exactly does a staffing partner help you? Let’s take a closer look at the time-saving benefits of working with an agency.
The Cost of a New Hire
There are so many factors that go into hiring a new employee. You may have only thought about the salary and benefits, but there is a lot more behind the scenes. Before you even make an offer, you’re spending money and time on the process of finding the right candidate.
Once they are hired, you also have to invest in their onboarding or risk losing the employee within the first 90 days.
And those are just the tangible costs. Other costs include:
- Human resources
- Job advertising
- Background screening
- Online applications
- Community events
The problem is, every time you put money out you’re jeopardizing your ability to bring money in. If you need to focus your time and energy on hiring and retaining new employees, you’re going to find yourself unable to focus on the aspects of your business that matter most.
The High Cost of a Bad Hire
And these things only cover the cost of hiring talent willing to stick around. What happens if you hire someone who doesn’t turn out to fit the bill? Sourcing candidates who fit your company culture is as much an art as it is a science. But unless you’re a trained human resources professional, that isn’t what you should be spending your time with.
A bad hire will also cost double, or more, than it would to hire the right person the first time. The cost of training and then retraining will drain not only your financial resources, but also your time and energy.
Lost Time and Productivity
However, lost time and productivity aren’t things you have to be concerned about with your own job. When you hire a new candidate, your entire team may experience a slow down in their work. Your top performers may need to shift their focus from day-to-day work to help onboard a new employee. And if that employee doesn’t remain on staff, the cycle will repeat.
So, how do you ensure you’re saving both time and money when hiring new employees? Working with a staffing agency is one of the best investments your company can make. Utilizing not only the sourcing and placement services but also additional aspects such as recruitment process outsourcing, managed services or more can help increase your profitability and keep you doing what you do best, running your business.
About Anserteam Workforce Solutions
The ANSER to your North American workforce management needs starts with A-Team solutions. Anserteam is the alliance of North American staffing and employment resources. Since 2004, Anserteam has grown to service over 1,500 locations across the United States and Canada. Are you a best-in-class staffing firm looking to increase your client base and secure a greater market share? Find out how to become part of Anserteam.