Sometimes in order to find the most unique talents, you need to turn to the expertise of a talent hub such as a recruitment cabinet.
Turning to a recruitment agency or a career coach is an investment in the future of your business, as it allows you to save money and save time to dedicate to your core business. At the same time – a factor not to be underestimated – it helps you to improve the wellbeing and productivity of your team members.
There are plenty of figures and percentages to prove it. According to a survey conducted in 2015, 32% of companies use recruitment firms to find talented candidates.
Career consulting firms like Ampersand World are widely present on the labour market and are of interest to both managers and candidates. Because they will make you save tons of time and money, eventually.
Another figure to keep in mind is that 13% of permanent contract hires are not confirmed at the end of the trial period, most often at the employee’s initiative, data collected by the France’s Ministry of Labour in 2012 shows.
Recruitment Sourcing
Looking at the statistics in detail, it turns out that six of the 50 candidates selected came from a qualified network. What you and your Human Resources manager are saving is huge.
- Writing, editing and broadcasting ads
- Choice of broadcasting channels
- Targeting and sourcing strategy
- Sorting applications
- Logistics, such as scheduling and monitoring interviews
The estimated time saved can be enormous. For instance, 52% of the people interviewed in the survey believe that inadequate recruitment causes has a long lasting impact in the company’s efficiency, as it tends to decrease productivity among other employees.
Assessment
Once the first recruitment step has been completed, four out of six candidates are then selected. What you are saving in this phase are all the aspects of the assessment process, including:
- Telephone interviews
- References and verification of diplomas and work certificates
- Assessment and personality tests.
According to a study conducted by Development Dimension International, 50% of companies consider their recruitment process ineffective. Hence the need of seeking external support.
Hiring Process
At the following stage, the three best candidates of the bunch are proposed to the company. In this scenario, you gain at least three advantages over the competition:
- Neutrality
- Qualification of applications
- Checking documents
- Fitting with the company’s values
A Korn Ferry (formerly known as Hays Group) study shows that the turnover rate is anticipated to be 23 percent by 2018. Departing employees frequently need to be replaced, of course, and this can be costly.
In the end, the tools and methods for optimizing the recruitment process exist. It is just a matter of will and forward-thinking on the part of the employers.
Seeking advice from a career consulting firm looks like a winning formula, as it is the most efficient and low-cost way to acquire talent and build a positive corporate culture at the workplace.
As a matter of fact, it will allow a company to:
- Access unidentified talent in a short period of time (less than 15 days)
- Reduce by two or even four times the total cost of recruitment (service providers, cost of internal human resources management, managers’ time).
- Significantly improve its success rate in integrating an external candidate, thanks to the qualitative value of the recommendation.
How to Choose a Quality Recruitment Cabinet
Sometimes in order to find the most unique talents, you need to turn to the expertise of a talent hub, such as a recruitment cabinet specialized in a particular sector.
One example is Ampersand World, which has 10 years of experience in the commodity industry. The Geneva-based firm is composed of a team of experienced talent scouts, who do everything in their power to ensure that a relationship based on trust and confidentiality is established with their clients.
The lifecycle for human capital within an organization always starts with talent acquisition. If you are able to find the right recruitment agency, it will allow you to create a dream team. And to save you time and money in the process.
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