4 Signs You Need to Outsource Recruiting for your Company
And why outsourcing may be for you.
1. Having trouble finding quality candidates
Despite the economic downturn, there are still many employers hiring. However, according to a survey of 150 HR leaders by Challenger, Gray & Christmas, Inc, 80% of the respondents reported having difficulty finding workers, and 70% identified skills shortages as the reason. With a lack of qualified candidates in the applicant pool, it’s important to consider other outlets for staffing such as outsourcing recruiters that are well-networked and qualified scouts.
2. Taking too much time & resources away from your core business functions
Especially in small businesses, you often find employees overworking themselves by wearing several hats in the organization: a recruiter, an accounting coordinator, a payroll specialist, and more. By outsourcing your back-end services like staffing, you free up more time to focus on your core business functions.
Some experts argue that the extra time you need to focus on your mission is much more valuable in the long run than managing the nitty gritty of your business. To get the most out of outsourcing, companies need to think “longer-term, about moves with enterprise-level outcomes like improved ROI or greater shareholder returns,” explains Jane Linder, Associate Director of Accenture’s Institute for Strategic Change. “Usually this means outsourcing with a focus on external results — like repositioning yourself in the marketplace or changing your value proposition to customers in some key way, versus using outsourcing to save 5 percent on the cost of an internal administrative process.”
3. Spending too much money on recruitment and hiring
If you are spending months interviewing candidates that just don’t seem to have the skill sets for your organization, it may be time to reconsider your recruitment budget. According to Glassdoor, the average American employer spends $4000 and 24 days to hire a new employee. The added cost to maintain internal recruiting costs such as systems, referrals, and internal recruiters can often be overlooked by employers. Nonetheless, costs can be substantially reduced through outsourcing quality staffing agencies.
4. Experiencing high turnover rates
A classic reason to consider a staffing agency: your employees aren’t lasting months in your company. According to EduMe, “Not only is turnover a loss to a company in terms of the unique skills, knowledge and experience a churned employee takes with them when they leave, but it’s a huge financial hit too. Gallup estimated that the cost of replacing a single employee ranges from ½ to 2x their salary.”
In conclusion, outsourcing your staffing and recruitment tasks is not just about the reduction of costs, but the added value you gain in the long-run. At 9Dot Education Solutions, we have partnered with 20+ charter schools and small businesses across the nation to handle their HR and accounting, as well as provide strategic solutions. In turn, our clients have saved thousands of dollars all while gaining control over their core business functions.
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About 9Dot:
9Dot Education Solutions is an human resources and accounting company specializing in providing back-office services for charter schools and nonprofit organizations. From establishing financial and district reporting systems, to hiring the best teachers and administrators, we are here to help.
We focus on logistics so you can focus on your mission.
