4 Reasons Why You Should Consider Employment Outsourcing

Is your business one of over six million companies with at least one employee?

If yes, you know that hiring new staff is inevitable. It doesn’t matter how long you stay without hiring someone, but as long as you’re in business, at some point you’ll bring in more hands to help.

Unfortunately, hiring isn’t as easy and straightforward as it sounds. You just don’t step into the labor market and pluck out your ideal employee. So many things can go wrong during the hiring process.

Fortunately, employment outsourcing solves this problem.

Want to learn more about employment outsourcing and what it can do for your organization? Read on!

What’s Employment Outsourcing?

For starters, outsourcing is the process of obtaining a product or service from an external party, typically in place of an internal source.

As such, employment outsourcing involves letting a third-party organization, a professional recruitment company, handle all your recruitment needs. This means you won’t be handling the function in-house.

Now, outsourcing costs money. There are direct costs, because you have to pay the professional employer organization you’re contracted to. It’s these costs that deter many small business owners from outsourcing. After all, why pay someone to do a job you can do?

If you’re thinking like that, you’re making a big mistake. Employment outsourcing can help your business in more ways than one.

These are some of the benefits you’ll reap:

1. Get the Right Talent for Your Organization

When hiring, it’s not just enough to hire the best talent. You need the right talent as well.

You see, it’s no good hiring a high-qualified employee who isn’t a good cultural fit for your organization. That’s a disaster waiting to happen. You might need to let them go a few months down the road, costing your business no less than $50,000.

Yet, getting the right talent is easier said than done.

With a corporate job ad attracting over 200 applicants, it can be difficult to go through all the applications and find the right talent. Heck, it’s even possible that there won’t be a suitable candidate.

As a business owner, do you have the time to handle the interviews? Certainly not. And even if you do, you aren’t the best-placed person to handle the recruitment.

This is where employment outsourcing companies come in. When you outsource, you’re far more likely to land the right talent for your organization.

These companies have a vast pool of job seekers. They won’t even need to advertise the position you want to fill. They will just dive into the bank and fish out a handful of candidates who not only meet your qualifications but are also likely to be a good cultural fit.

2. Fill Your Positions Quickly

There are times you have the luxury of time. You have no pressure to make a quick hire.

However, there are also other times when you need to hire someone as soon as the next business day. This usually happens when one of your employees leaves their role without notice, forcing you to start an immediate search for their replacement.

How quickly will you manage to fill the position?

On average, it takes about a month to fill a position. Will your organization wait for this long?

Obviously, it’s possible to hasten the process and get applications rolling in in a matter of days. But you’ll only be rushing through the process and enhancing your risk of making a bad hire.

Again, this is when you appreciate the importance of employment outsourcing firms. As you already know, these firms have pools with names and credentials of job seekers.

When you want to fill a position quickly, just let your outsourcing partner know about the position you’re looking to fill. In a matter of minutes, they’ll have a list of potential employees. All that remains is to find one who is a good cultural fit.

This is to say, with an employment outsourcing organization you can get a new employee on short notice. This will help you prevent unnecessary productivity losses.

3. Save Money

When you outsource your recruitment function, you aren’t just saving time. You’re also saving serious money.

To illustrate this point, we have to consider two scenarios:

If you aren’t working with an employment outsourcing partner, then you’re doing recruitment in-house. This means hiring a human resources manager to oversee the recruitment department.

Now, you’re probably familiar with the high costs associated with having an in-house employee. You have to pay their wages, create a workstation, pay other benefits, and whatnot. You can easily spend close to $100,000 every year on keeping an in-house HR specialist.

What you’ll pay your recruitment outsourcing partner is nowhere near such an amount. In fact, it’s possible that you’ll only pay the firm when you need their services.

4. Focus on Doing What You Do Best

As a business owner, it’s unlikely that hiring people is your forte. There’s something you do best. Perhaps it’s product design or digital marketing.

Whatever your specialty is, outsourcing your recruitment gives you enough time to focus on doing what you do best. You’ll not need to keep your eyes off the ball just because you need to conduct some interviews.

It’s Time to Consider Employment Outsourcing

Employees are the lifeblood of your organization. You don’t want to have the wrong blood circulating around your organization. Yet, this is what’s likely to happen if you aren’t working with an employment outsourcing organization.

It’s time to find an employment outsourcing partner and reap the benefits.

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