If you’re looking for a new employee, it can save you time and money to work with a staffing agency. That’s because you won’t need to advertise, interview, screen or hire for a new position—your recruiter will take care of all of this for you. The decision to work with a staffing agency can benefit your company’s bottom line in the following ways:
- Conserve time. You and your human resources department will be free to take care of daily company tasks other than finding new staff. And—as they say—time is money.
- Avoid the high cost of employee turnover. A recruiter will find a qualified candidate that is looking for long-term employment. Since many studies indicate the cost of employee turnover can be as much as 1.5–2 times an employee’s annual salary, finding the right workers is a cost-effective strategy.
- Maintain workforce productivity. It’s no secret that a bad hire can slow or interrupt the work efforts of your entire staff. Finding the right employees right from the start will help you keep your team on track, so business can continue as usual.
Before you make the decision to elect a staffing partner, it can help to consider the situations in which employers commonly opt for recruitment services. You should also review the typical costs that can be associated with these services.
What you need to know about recruitment fees
Staffing agencies charge in one of two ways:
- Retained fee structure. This is a set fee that you pay up-front. A retained fee will cover all your recruiter’s services.
- Contingency fee structure. With this payment method, you’ll be charged fees only when your recruiter successfully places an employee with you. A contingency fee can range from 15–20 percent of the new employee’s annual salary.
When it can help to rely on a recruiter
Staffing services can help any employer find and place the most qualified employees quickly and easily. But certain situations can especially benefit from recruitment services. These include employers who:
- Simply don’t have time to conduct a search for a new employee.
- Have had an open position unfilled for an extended period of time.
- Experience high turnover rates for a certain position.
- Don’t have human resources staff in-house to help with the hiring process.
If any of these situations sound familiar, or if you feel your company would benefit from the skills and experience of a recruiter, a staffing partnership could be the right choice for your company.
You can rely on the staffing expertise of KTE Services
We place specialized nurses, physician assistants, anesthesiologists and pain management professionals with job opportunities nationwide. Our recruiters will work with you to find the candidates best-matched to your open positions. To learn more, reach out to KTE Services today.