Why You Should Hire A Staffing Agency
In today’s labor market there is typically a large pool of available talent to fit the particular needs of most industries. However before utilizing your in-house resources for your next big hire, you should consider the drawbacks of a bad hiring decision. While it might seem as though outsourcing your recruiting to a third party is an unnecessary expense, hiring a staffing agency can not only save your organization time and money, it can also make you more money in the long run.
The actual costs involved with a bad hire can leave a significant dent in your bottom line. In fact, the average loss is approximately thirty percent of an individual’s first year earnings. For example, if the position pays $100,000 a year, then there is the potential for a $30,000 loss to the employer.
Many CEOs report that hiring mistakes have cost their companies over $100,000, and over $3 million in the case of high-power sales and executive positions.
This financial setback is only made worse by the significant negative impact that a bad hire can have on overall team performance, productivity and morale. Just one bad hire has the ability to throw an entire department into turmoil as team members begin to suffer the repercussions.
The advantages of partnering with an experienced staffing agency that specializes in your particular industry are immense. Benefits include:
- Unparalleled staffing expertise
- Direct access to talented candidates and broad networks of professional contacts
- Extensive knowledge of your specific industry
In addition to the previously mentioned benefits, there are several cost benefits to hiring a staffing agency. The recruitment, screening and hiring of employees take up a lot of time and resources. When you work with a qualified staffing agency, you turn most of this responsibility over to them. This frees up your resources so that you are able to focus on what really matters. Cost benefits of hiring a staffing agency include:
- Ability to lower your advertising budget
- Ability to convert fixed costs into variable costs
- Reduced overall risk
iStaffing Agency helps companies throughout the United States locate, screen and place professional candidates into Management, Senior and Executive level positions. iStaffing Agency specializes in Human Resources, Accountants, Executives, IT Professionals, Loan Officers and other professional candidates in addition to candidates in the Entertainment and Nonprofit sector. For more information about how iStaffing Agency can help your company with their staffing needs, please contact them today.