Finding talent that is the right fit for the job and the organization’s culture is a massive challenge for companies, especially the SMBs. Talent is the greatest asset a company owns, and the quality of their human capital will determine their success in the future, which only makes it more challenging to find the right fit.
Staffing agencies specialize in finding the right talent as per the needs of the client. They maintain an existing pool of reliable candidates from various industries, backgrounds, and skill sets. They analyze the client’s needs, shortlist profiles, interview the candidates at the initial stage, and share 2-3 shortlisted profiles with the clients.
Clients then conduct the final interview, make the decision, and the staffing agency ensures their onboarding is complete. This helps the company save immense time, money, and resources by not investing in the long process.
However, not every organization needs the aid of a staffing agency. It is vital to understand when one might need their expertise and when one can handle filling talent gaps internally. The following are some of the reasons you may need to hire a staffing agency to assist with your staffing needs.
For some companies, it is not possible to manage a Talent Acquisition department internally. Companies that do not have high hiring needs may find it expensive to maintain an HR department responsible for managing their talent and human capital needs. It is not because an HR department is not an essential strategic function, merely because the organization is often too small to have an internal HR team. Therefore, such companies seek the assistance of an external staffing agency that offers a range of various talent management and HR services and outsource these services.
There are certain managerial positions for which job posting will not bring in the right candidates. These include positions such as Directors, CEOs, HODs, etc. Candidates suitable for these positions are often more comfortable speaking with staffing agencies than the employer directly as they belong to small knitted industries and hold important strategic positions with their current employers.
Given that hiring itself is long and tedious, it may take weeks before the right candidate is found, and the transition may take longer. Staffing agencies maintain a pool of their shortlisted candidates from various industries holding various titles and often have the profiles ready within days for the client to finalize.
Staffing agencies under no circumstances are a replacement for an internal talent management team. An internal talent acquisition team is responsible for hiring and ensuring the growth and progress of the existing talent within the organization. Staffing agencies act as a support system for companies and are often more effective in terms of cost as they work around their existing pools. The right agencies also support retention and expansion of talent in the future.