95% of companies admit to recruiting the wrong people each year, according to research commissioned by Glassdoor from management consultancy the Brandon Hall Group.
According to the Society of Human Resources Management (SHRM), a bad hire can result in additional recruitment fees, relocation and training for a replacement, a negative effect on team performance, disruption of work and of projects, lost customers, weakened employer brand and litigation fees.
The cost of recruiting, hiring and onboarding a new employee can be as much as $240,000, according to Link Humans, an employer branding agency in London.
How can a company eliminate the risk of a bad hire? Consider using a recruiting and staffing agency to mitigate the cost of a hiring mistake and help attract better-fit candidates for your open positions.
Professional recruiters who work at staffing and recruiting agencies like HumanEdge have the personal and technical skills, as well as experience, to accurately assess a candidate’s qualifications, skills, and abilities, among other criteria and help companies avoid costly hiring mistakes. “Our team has worked with businesses and organizations for more than 30 years –– building robust, long-term relationships in wide range of business sectors, including science, manufacturing, information technology and creative,” explains HumanEdge’s marketing manager, “our job is to do more than find you smart, qualified talent. It’s to secure peace of mind along with it.”
Staffing firms know how to work beyond your requirements to find that person who might not have the desired experience (yet) but does exhibit the potential to learn quickly on the job.
Submitting a list of your needs to a reliable recruiting firm can produce a substantial number of pre-screened candidates and reduce turnover. These results are rigorously obtained through test qualifications, thorough resume reviews, posting job offers, and personal interviews, among other vetting tactics.
Sometimes a company’s hiring managers rely too much on a resume to determine a candidate’s educational and academic background. Regrettably, this document has precious little to do with the candidate’s social skills, personality, and attitude—all imperative to finding candidates who fit a company’s culture.
A consistent and comprehensive interview strategy will have the greatest impact on hiring success, and staffing agencies are uniquely suited for helping companies manage this process more effectively.
With a vast contact network and meticulous interview techniques, a staffing agency can more precisely appraise a prospect’s individual’ profile. This capability enables the agency to find a person who can more easily blend into the culture of his or her new workplace.
The world’s elite staffing agencies have committed teams of staffing specialists and research analysts who know how to analyze data from multiple sources effectively, leveraging their specialized experience, connections, tools, and skills to help their clients avoid bad hires.
The key is specialization. Experienced staffing firms focus on filling key positions like administrative, IT, legal, accounting, marketing, in specific practice areas — confident they have the technology and skills to match the best candidates with the right company.
The best staffing firms network widely and build lists of pre-vetted candidates. As a result, staffing specialists are among the most effective at matching a company’s particular employment needs while avoiding the risk and expense of bad hires.