Most companies think that Talent Acquisition is an in-house problem and shy away from outsourcing the process to a recruiting firm. But over the years I’ve seen time and time again why in-house Talent Acquisition never yields the same quality of result as hiring a professional does.
Consider this: assuming you’re a relatively handy person, it’s safe to say that you’re comfortable hanging pictures on a wall, painting a room on your own, maybe even unclogging a drain yourself… but what happens when you have a crack in the foundation of your house? This is no longer a do-it-yourself task. The crack is now effecting the structure of your home. This is when you call a professional, to assess and repair as needed and in accordance with their expertise.
Talent Acquisition is no different! Attracting, sourcing, interviewing, and eventually hiring (not to mention onboarding, training, and retaining) new employees directly effects the structure of your company the same way a crack in the foundation effects the structure of your home. All of these practices require a specific skillset to yield the kind of results most companies need in order to have a high quality group of employees.
Recent job forecasts are saying that more than half of companies plan to grow their workforce, but the biggest challenges they face are finding good candidates and filling their positions fast enough. Similarly, according to recent research from CareerBuilder, half of HR managers say they’re stuck with open positions for which they can’t find qualified candidates. Even worse, nearly half (46 percent) say positions remain this way for more than a quarter of the year.
So, what are some of the benefits of hiring a company like entreQuest which has years of Talent Acquisition experience and expertise?
- Improving the quality of new hires and candidates: This is one of the top reasons why companies choose to outsource their Talent
Acquisition needs, and it’s one of the biggest benefits too. Just like how outsourcing your business’ marketing needs to a marketing agency can improve brand awareness and conversion rate, outsourcing talent acquisition function to someone who is specialized in attracting, sourcing, and hiring top talent will improve the quality of your next new hire.
- Reducing cost: Talent Acquisition can eat away at your bottom line for a variety of reasons, like high turnover rates or if a position is open for too long. Outsourcing your Talent Acquisition needs to an expert will save you money by filling the open jobs quicker and finding the right talent to eliminate (or lower) high turnover rates.
- Creating a scalable platform: If your company is growing rapidly, then keeping up with your Talent Acquisition needs only gets more and more difficult. Your current staff has to focus on filling open positions, as well as performing their daily job operations. By outsourcing your Talent Acquisition functions, you can have a solution that will grow with your company and its needs, instead of constantly scrambling just to keep up.
Just like with the structure of your home, you wouldn’t trust the support of your business to someone without the tools, resources, and skills necessary to give you a productive and safe foundation. Rather than continuing to rely on internal employees for recruiting and hiring needs, consider the benefits of having higher quality, lower cost, and more focused employees with outsourced Talent Acquisition.
Joe Mechlinski is CEO and Co-Founder of entreQuest, where he's helped hundreds of companies prosper through some of the worst economic times in history. Joe's debut book, Grow Regardless, an instant New York Times bestseller, defines strategic growth, change management, and organizational development.