Today’s ultra-competitive business landscape has made attracting the right talent a major challenge. Firms often get into a rat race in their attempts to find the most qualified candidates. This is precisely why headhunting and recruitment agencies exist.
Their main focus is on scouring the market to locate the finest human resources for their clients. In a world where technological advancement is so rapid and innovation lies at the heart of everything, hiring processes have also changed completely. What used to be a simple case of putting out job ads, screening applications, and extending offers to the best candidates has now taken on a whole new meaning.
Finding great people has become that much harder now. And so, organizations need to revisit their recruitment strategies.
New and completely different talent acquisition methods might have to be adopted if businesses are to find, hire, and retain quality human resources.
This is where the role of headhunters and recruitment service providers has become very important. They take away the burden of finding the right candidates so that companies can spend more time on activities that create more value for their business.
In the United States, many organizations (about 40% as per recent research by consulting firm Korn Ferry) have already gone the outsourcing route to take care of their staffing needs. This number is likely to increase rapidly in the coming years.
The Challenge of Getting the Right People for the Right Jobs
In a 2019 survey by technology company Mettl, about 67% of large-sized firms revealed that finding quality talent was amongst their biggest challenges. On the whole, more than 74% of respondent companies believed that attracting top-notch employees was a daunting task. This was even after adopting industry-wide best practices and putting in lots of effort.
67% of large-sized firms revealed that finding quality talent was amongst their biggest challenges
74% of respondent companies believed that attracting top-notch employees was a daunting task
Although most businesses have invested heavily in the tools and technologies needed to keep up in an ever-evolving digital world, they’ll require something else too. Having the right technology is, of course, vital. But, it must then enable the right people to do their job in an efficient manner.
And to locate those perfect applicants, organizations might be better off getting a recruitment agency on board. Quite often, when firms try to hire fresh/new talent on their own, they don’t usually find the best-suited employees. Therefore, it’s recommended to leave this particular part of the business to companies that do this as a full-time service.
Why HR Professionals Struggle to Find Appropriate Talent?
In a 2019 report by the Society for Human Resource Management (SHRM), about 59% of the surveyed HR professionals revealed that most job applicants lack even basic skills for a particular position. Furthermore, a whopping 84% of the respondents said that the majority of candidates lack applied skills relevant to a specific vacancy.
84% of the respondents said that the majority of candidates lack applied skills relevant to a specific vacancy
These numbers paint quite a bleak picture. However, the reason isn’t that there are no qualified job seekers out there. It’s the way that human resource practitioners have been going about the hiring business which makes finding quality talent a Herculean task.
Following are some common mistakes in this regard.
- Outdated Hiring Processes
In the case of both startups and multinational corporations (MNC), many firms are still clinging to the traditional interview process for making hiring decisions. And it’s proving to be a major stumbling block without them realizing it.
Albert Einstein once said, “We can’t solve problems with the same kind of thinking that we used while creating them.”
So, to overcome the recruitment challenge, companies will need to overhaul or at least make some tweaks to their hiring procedures. There was considerably less competition for talent (which was in adequate supply too) in the past.
However, that is not the case anymore. The situation has completely changed today. Finding a good candidate now is like looking for a needle in a haystack. Okay, maybe that’s an overstatement. But, the argument of quality talent being hard to find is nevertheless valid.
Apart from a robust hiring mechanism, creating a diverse and inclusive team/work culture is also paramount to success nowadays. If you stick to rigid and outdated ways of doing things, then you’re unlikely to attract the best and the brightest.
- Lack of Understanding About What Potential Employees Are Looking For
Most employees want job security. Granted that it cannot be 100% guaranteed but employers should be aware of such expectations. While a lot has changed in terms of people’s needs and preferences when considering an offer, most of the basics still hold.
No one minds a steady paycheck and some guarantee of long-term work. Other than that, employee engagement must be given due consideration. Back in 2016, the LinkedIn Talent Solutions’ Global Recruiting Trends report suggested that 48% of businesses consider employee engagement as very important.
48% of businesses consider employee engagement as very important.
If potential hires feel that the level of employee engagement is low in a particular place, then they’re unlikely to accept your offer. And if they do, it won’t take them long to figure things out anyway. As a result, they might start job hunting again!
- Lack of Experience
An applicant having a great skillset but lacking in work experience is every HR professional’s worst nightmare. Referring to the SHRM report mentioned earlier, about half of the responding human resource specialists said that lack of experience amongst candidates makes their jobs quite difficult.
- Not Going After Passive Candidates
The term “passive candidates” refers to professionals who are happy at their current jobs and aren’t really looking to switch. However, they might be interested to move if the right opportunity comes along. Such resources can add lots of value to your business. Unfortunately, most hiring managers rule them out completely since they’re not actively following the job market.
Why Outsource Talent Acquisition?
As stated earlier in the piece, in-house recruiters aren’t always best-positioned to find the right people. This is where a recruiting and headhunting agency can help. Outsourcing your hiring function to them can benefit in multiple ways.
- Save Time and Money
Every minute that you spend looking for talent is valuable time taken away from other high-value tasks. Besides, recruitment activities like online ads, searching for candidates on LinkedIn (and other platforms), managing applicant tracking systems (ATSs), etc. is also a costly endeavor.
Moreover, if a particular position has a high turnover rate, then spending time trying to fill that role might not be worth it. Such time and money costs will add up. However, by outsourcing talent acquisition, you can take care of this problem.
For one thing, having a recruitment agency by your side means no additional cost of sourcing and hiring people. This is because all these items are included in the lump sum amount for which they offer their services.
Moreover, a headhunting agency will decrease your cost-per-hire while streamlining the whole process. As a result, there won’t be many delays and the procedure will be completed with a quality employee on board in no time. Also, by not having to bear any in-house recruitment costs, you can devote funds to other important HR projects.
- Reduced Turnover Rate
High turnover can cause problems in more ways than one. Because of it, you may have to deal with things like lower quality customer service, sagging productivity, less employee engagement, and greater hiring costs.
In a nutshell, high turnover can affect the whole company. To reduce it, you’ll not only need better quality candidates but they must also be highly engaged once joining your ranks.
Here again, outsourcing should be the way to go. Headhunting agencies have strong and efficient recruiting systems in place along with teams of experienced talent acquisition specialists. Through them, you can find the perfect hire at the first attempt almost every time. This will also lead to a decrease in hiring costs as your turnover rate goes down!
Easy2Employ: The Recruitment Outsourcing Solution You Need!
If you’re on the lookout for a headhunting agency that will tackle all your hiring challenges expertly, then Easy2Employ is the recruitment partner you need. They have a habit of zeroing in on the perfect human resources that have taken various businesses to the next level.
Easy2Employ provides the desired resource profile within 24 hours
E2E is known for quality referrals through which you can get the best candidates straightaway. With our hiring specialists, there’s no trial and error with regard to testing people on the job. We are good at finding people who will hit the ground running at your organization. The result will be a considerably low turnover rate and greater cost savings than you could have predicted!