Human Resource managers and business owners will highlight that one of their single biggest challenges is the war for talent in South Africa. This brings about a great need for streamlining the recruitment process allowing them additional time to focus on fundamental business practices.
If you believe that your people are your most valuable asset, it is key that you have a robust recruitment strategy that allows you to identify and nurture key hires. Piecing together such a strategy and implementing it requires time. Time is a resource that you may not have when looking to fill a position immediately therefore it could be in your best interest to outsource recruitment.
There are a plethora of benefits that come with outsourcing recruitment, here are the 3 most basic ones.
Reduced Costs in recruitment
One of the main reasons why HR managers and business owners choose to outsource recruitment is to reduce costs. The search for the best talent can take away profits and contribute to costs which businesses are trying to avoid. Many businesses lose a lot of money through high turnover rates or by overspending on internal HR salaries/benefits and workers’ compensation costs. Outsourcing recruitment may help you cut these costs by streamlining your hiring process and demonstrating to you how to discover qualified applicants more effectively and for less money.
Moreover, you can save significantly on the management of payroll as well as benefits, labor costs, workers compensation, and other important HR areas.
Recruiting higher quality candidates
It is estimated that a bad hire can cost your business between 25% and 30% of their annual salary. This can have a material impact on your business as well as company and team culture.
Recruitment specialists have a vast network of candidates that they have developed a relationship with over the course of their careers. Their search process is smoother than it would be for a conventional recruiting manager because of their extensive network.
Moreover, recruitment specialists have a comprehensive understanding of prospects and can reasonably deduce whether a candidate is a suitable match for your business. This is not just in terms of knowledge, expertise and skills, but particularly with regards to personality. This improves the quality of the candidates who are hired and raises the likelihood that your new hire will work for your company for a considerable amount of time.
Outsourced recruiting save time and resources
Every business owner will agree that time is money. Everyday a position is unfilled costs turnover. The sooner a position is filled, the quicker your business operations can return to standard operations. According to LinkedIn, the recruitment process lasts an average of 41 days, which is a significant amount of time that may be used more wisely.
Since recruitment specialists focus on recruitment they have the resources, skills, dedication and time that your HR department may not have as they don’t focus on recruitment only. Moreover, recruitment specialists are better equipped than your own recruitment department to handle urgent demands quickly while still ensuring quality.
Identifying the best talent for your business can be a catalyst for growth and profitability. By outsourcing recruitment you can divert the time, money and resources you would have used for recruiting to other revenue-generating projects.
We have a proven track record in assisting growth-focused businesses in recruiting the right people and personalities for their business. Get in touch with us on nelly@decusatio.co.za or via our landline / online form to discuss a recruitment solution for your business.