Recruitment agencies are often a viable and successful option for hiring quality talent into your business. However, it’s important to understand how they can add real value to your companies hiring process.
So that you gain access to the most quality available talent, and ensure money spent with recruitment agencies is worth while, there are several important factors that you should take into account before engaging with recruitment agencies.
Understanding the process of Recruitment Agencies.
To understand the real value of recruitment agencies, it’s best to understand the process. Let’s examine the two distinct and separate parts in the hiring process:
B) And Recruitment.
Sourcing is all about understanding the talent in the market; who is qualified, interested, and available.
Recruitment, however, is about convincing the best available talent that your business and team are who they should spend their next chapter of their career with, and how they will be remunerated. This can often be the tricky part.
Good recruitment agencies will tell you their values lie in the recruiter phase. They will speak of the importance of negotiation, advice, and seduction to bring great talent to the hiring table.
Recruitment Agencies can’t do all of the work.
It’s up to you and your company to ensure you have created an environment and brand that is appealing to top talent. Your company culture and attitude must not only be solidly exemplified in your workspace, but your company brand is associated with said culture.
What do people think of when they think of your brand?
Have you created a solid reputation in the job market?
You also need to know what type of talent are you looking for, and make sure you have some kind of system that allows you to measure the prospective candidate against your companies values.
You must have a clear understanding of what you and your company want from the Recruitment Agencies.
Before you even begin communicating with recruitment agencies, it’s essential that you have a clear understanding of what you and your company actually want from the hiring process. You need to have a clear understanding of what type of talent you’re looking for, your budget, and the core qualities and values will be best for your work environment.
Are you prepared to pay extra for top talent? Or would you rather train someone up with less experience?
So, how else do Recruitment Agencies work?
Focusing back on recruitment agencies. Recruiters or headhunters tend to work in two ways; commission, or hourly rates.
The Commission is typically a fee for placement and can range from 10-25% depending on location and difficulty of role. If you’re going to use a commission based recruiter, be sure that they help mostly with the recruiter phase and can clearly outline how they will add value here.
It’s essential that you take this fee into account when considering recruitment agencies.
You need to establish a Live Talent Community before you begin.
The most important thing, regardless of your approach, is to establish your own Live Talent Community for your company before you begin.
A Live Talent Community is where all candidates that your recruitment agency helps source, should ultimately end up. It is incredibly important that you own the relationship with all the talent that engage with you and your company during this process, as you will almost certainly need to hire more people in the future.
A Live Talent Community is an investment in the future of your companies growth. If your agency or recruiter pushes back and says that they need to database the sourced talent, you should be wary. You are paying for the service; you should ultimately own the relationship with these people.