Why Now Might Be the Time to Outsource Your Recruiting
As a result of the COVID-19 pandemic, businesses of varying sizes and across numerous industries are staring down challenging workforce decisions that could impact their future success. Especially for those who’ve already experienced staffing reductions and/or are restructuring their operations in the wake of a changing economy, this may be leading to difficulties with hiring.
One strategy many companies are exploring to combat these hiring challenges is outsourced recruiting. By relying on a staffing or talent acquisition agency to handle hiring, you can reap significant benefits, including:
- Cost Efficiency. By outsourcing all or part of your recruiting function, you may be able to reduce overall talent acquisition costs, which can add up easily. In today’s unpredictable environment, it may not be cost-effective to keep a permanent recruiter on your staff; with outside help, you can easily scale up or down depending on your talent needs at any given time.
- Increased Candidate Quality & Time-to-Hire. Recruiting agencies are tapped into existing networks and often have insider expertise you can benefit from. Particularly if you find one that specializes in hiring within your industry, you may be able to hire better candidates faster.
- Improved Bandwidth of Internal Resources. Even if you don’t have a dedicated recruiter on staff, you may be reliant on your broader Human Resources or Operations departments to facilitate staffing needs. By outsourcing the recruiting function, you can free up these internal resources to focus on their core responsibilities and streamline efficiency across the organization.
- A Strategic Partnership. Perhaps most appealing, outsourcing your recruiting to the right firm can result in a long-term strategic partnership that truly benefits your business. A seasoned recruiter can advise you on strategies that may benefit your company during unpredictable market swings (e.g. COVID-19), including when and why it might make sense to rely on temporary or seasonal hires versus permanent ones. If it’s the right fit, this partnership can deliver an expertise that extends far beyond that of a traditional in-house recruiter.
If you’re interested in learning more about outsourcing recruiting and how your business could benefit, please connect with MFA’s Talent Acquisition Practice.
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