Are Recruiting Services Worth It For Your Business? The Real Secret Behind These Services

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Recruiting services can be helpful for companies that need more resources or expertise to find and hire candidates for open positions effectively. 

However, it’s essential to consider whether a recruiting service is worth the cost carefully. For example, some recruiting services charge hefty fees for companies to find new employees. Therefore, it’s necessary to carefully research a recruiting service’s reputation and track record before paying for its services.

Keep reading to discover all you need to know about recruiting services and the benefits of using them.

What Are Recruiting Services?

A company will typically offer recruiting services to help businesses find and hire candidates for any open job roles that they might have. These recruiting services can range from generating talent pools, screening candidates, sourcing candidates, or recruiting candidates. 

Some companies will only specialize in one type of recruiting service or in only one industry. However, depending on your needs, you may want to find a company that can handle the entire end-to-end recruitment process. 

How Much Do They Cost?

The cost of recruiting services can vary depending on what services you’re using and the company that you’re working with.

If you’re working with a traditional staffing agency, they’ll typically charge a commission based on the hired employee’s salary. This could range from 25 to 100% of the employee’s salary. 

You may also have to pay a retainer fee if the recruiter keeps working on your assignment. 

However, there are also flexible recruiting options, like Recruiter.com, that don’t charge any of the headhunter fees. Unfortunately, they also don’t make you commit to any long-term contracts, and you’re just charged a monthly flat fee, regardless of how many employees you hire. 

This flexible option could be the more intelligent choice for startups or companies with a smaller hiring budget. 

Benefits of Using Recruiting Agency Services

There are many benefits to hiring a company for their recruitment services. However, if you can take advantage of these benefits, your company likely needs to look into outsourced recruiting. 

Utilize Industry Experts

Consider using specialized recruiting services if you’re recruiting for a technical role or in a particular industry. For example, if you’re looking for software engineers, hiring an engineering recruiter could make the process easier.

Not only will the recruiters know how to screen an engineering candidate, but they will have a pool of talented candidates to source from. Generic recruiting services may not have the insights you need for a specialized role.

When you have specialized recruiting services to help you screen and select candidates, you have more chances of successfully hiring the right candidate. 

Flexibility

While staffing and recruiting agencies may only allow for a bit of flexibility, there are flexible recruiting solutions. 

These flexible solutions make it easy to pick and choose what services you need. For example, if your internal recruiters need more time to source candidates, you could hire a company to source candidates and send them to your company. On the other hand, if you have a large talent pool but need more time to screen and interview them, you can hire a contract recruiter to do this as well. 

The flexibility can be great for companies going through a growth phase or wanting to hire for a few roles here and there. 

Fill Challenging Roles

If you have challenging roles that you’ve been trying to recruit for challenging parts and can’t find any candidates, it might be to outsource this task to a recruiting services provider.

They can troubleshoot your problems and tap into their experience and talent pools. They could also have more connections in their network and be able to find the perfect candidate in just a few days.

Disadvantages of Using a Recruiting Agency

One of the main reasons that you should avoid a traditional recruiting agency is due to all of the fees and commissions. If you’re hiring thousands of employees, then this cost will quickly add up. 

On average, it can take $4,700 to hire a new employee. This cost goes up even higher when you’re looking at headhunter fees. 

Evan Sohn, CEO of Recruiter.com, said that companies “were spending far more in 2022 on hiring, and as the graph above shows, we are over$45Bin added hiring spend so far through November 2022. Secondly and more importantly, companies have made marginal improvements in the rate at which they were hiring in the U.S. The hire-to-quit ratio was 66%, so for every person that quit, companies hired 1.66 people.”

This increase in spending will continue into 2023, making it even harder for companies that have a tight hiring budget. As employees continue to quit despite a possible recession, companies are struggling to find a way to affordably hire employees without breaking the bank. Recruiter.com makes it affordable for companies to hire great talent while saving their company money. 

When Should Businesses Use These Services?

Businesses may want to use recruiting services if they realize they need an internal recruiting team dedicated solely to sourcing candidates and hiring them. 

If you don’t have many connections in the industry and need a bigger pool of candidates, you should use specialized recruiting services. Find recruiters or a company that specializes in specific industries so that you can tap into the recruiter’s pool of technical talent. 

Some companies are in a growth phase and need to hire rapidly. Using Recruiter.com’s recruiting services makes sense, as we can have recruiters working for you within the week. Other companies have noticed this as well. 

“Our partnership with Recruiter.com’s OnDemand Recruiting program has been nothing short of transformative,” said Maureen Ryan Fable, CEO of FIRST. “We can confidently say that the OnDemand Recruiting program has been a game-changer for our company, and we are excited to continue this upward momentum.”

Remember that recruiting services are not a one-size-fits-all solution and may not be the best choice for every business. Therefore, it’s essential to carefully consider the needs of your business and the specific job opening before deciding whether to use a recruiting service.

How to Find the Right Agency

If you decide to enjoy the benefits of these recruiting services, you need to figure out how to find the right staffing company. In general, the key to success with a recruiting service is finding one with a strong reputation and a proven track record of placing candidates in positions where they would be a good fit. 

It’s also important to communicate clearly with the recruiting service about your needs and goals so that they can help you find the best opportunities. 

Contact us today if you’re interested in finding a staffing agency that will give you affordable and flexible solutions to find the talent you need. 

By Alyssa Harmon