By: Edidiong Ekop Bassey | May 05, 2023 4:19 am
Imagine the frustration of spending weeks or months searching for the perfect talent for a crucial role in your company, only to end up with a hire who doesn't quite fit the bill. You're not alone – in today's highly competitive job market most organizations are faced with this too, that's why attracting the right talent is still a major challenge faced by many businesses in Nigeria and the world at large. This is where partnering with a recruiter or a recruitment firm, can make all the difference in growing your business, either you are looking to fill in a specific entry level, managerial, C-suite level role, or you are looking for bulk hire. In this blog post, we'll explore the top benefits of working with a recruiter and how their expertise can help drive your business forward.
Recruiters have extensive networks and access to candidates that businesses may not find through traditional channels. By working with a recruiter, your company can benefit from a diverse range of potential hires, increasing your chances of finding the perfect fit for your organization. For instance, a 2016 study in an article written by Lou Adler on LinkedIn found that 85% of job positions are filled via networking (source). The truth in this isn't far fetched because with years of connecting to talents and offering job opportunities the recruiters generate extensive connections which end up being an invaluable resource. And it's advisable you partner with a few that fits your industry and company's needs.
The hiring process can be time-consuming and expensive, especially in any industry where competition for top talent is fierce. According to a 2023 study by Hirevue, the average time to fill a position is 42 days. However, the average time to fill a job varies across industries. For instance, the average time to fill a position in healthcare may be longer than the average time to fill a job at a call centre (source). Hence, working with a recruiter can streamline this process, saving time and resources for your business. Recruiters handle everything from sourcing talents to conducting preliminary interviews, allowing your team to focus on core business activities that leads to your business growth.
Recruiters have specialized knowledge in various sectors, enabling them to identify the best candidates for specific roles. Their expertise can lead to better hiring decisions, ensuring that your new hires have the necessary skills and experience to succeed in their positions. That's why its great for a recruitment firm to have recruiters specialized in-depth in specific sectors so that with the right knowledge they can attend to the best need of the hiring company in need of this service by being able to relate appropriately using the right industry/role lingua with the talents that best fits the job role, and your organization's culture.
Working with a recruiter can help you find talents with the right skillset, cultural fit, and potential for growth in your industry. According to a 2023 report by Man Power Group using an infographic, nearly 4 in 5 employers globally report difficulty finding the skilled talent they need in 2023, strengthening +2 percentage points year-over-year and more than double the difficulty in 2015 (38%) (source). I know we are just in the second quarter of 2023, and you feel this stats can change, well recruiters can help your organization overcome this challenge by thoroughly vetting talents and ensuring they align with your company's values and goals.
Recruiters play a crucial role in promoting your company's brand to potential candidates. They can also provide valuable insights into industry trends, salary expectations, and competitor analysis on a local and global scale, helping you stay ahead of the curve to make informed decisions.
According to a 2017 article by Brian Fink of LinkedIn who quoted the statistics of U.S Department of Labour "The cost of a bad hire can be as much as 30% of the employee's first-year earnings" (source). Eventhough you might think that this statistics is specific to just the U.S labour market, you should also note that this is particularly significant in any dynamic economy. So, working with a recruiter can help you avoid these costly mistakes by ensuring that each talent is thoroughly vetted and is a good fit for your company.
Recruiters don't just help you find the perfect talent; they also provide ongoing support throughout the onboarding process, assisting in the smooth transition for new hires and offering assistance in managing employee retention. By maintaining open lines of communication, recruiters can help address any potential issues early on and foster a positive relationship between your company and its employees.
By partnering with a recruiter or a recruitment consulting firm like Estrada International Staffing Solutions, your company can unlock its full potential and experience a wealth of benefits. From gaining access to a wider talent pool to saving time and resources, working with a recruiter can transform your hiring process and contribute to your organization's ongoing success in Nigeria and the world beyond.
Ready to transform your hiring process and unlock your company's full potential? Partner with Estrada International Staffing Solutions today and experience the difference our expert recruiters can make. Contact us today to discuss your recruitment needs and let us help you find the perfect talents for your organization.