Nearly 6 in 10 employers view employee retention as a problem, and it’s easy to see why: when an employee leaves a company, it can cost their employer over 150% of the employee’s original salary in lost revenue, interviewing, and training of a replacement. Not all employers immediately consider temp agencies when looking to fill a position (in part because the temp in temp agency implies that it is for short-term positions only), but study after study shows that working with a quality staffing agency can streamline your on-boarding process. Here are a few of the reasons to consider using a temp agency next time you have an opening.
Staffing agencies give you access to a wider applicant pool.
In a single week, over 3 million people will work with a staffing company to find short and long term work. Not only can a temp agency connect you with quality candidates in a matter of days, but they can also bring in candidates that may have fallen through the cracks before. Many companies, especially in industrial, managerial, and tech-related sectors, struggle to attract women and people of color to apply. Temp agencies can match the right candidate to your company based on skill set and may refer candidates who may not have otherwise applied.
Employees who are brought on through a structured placement and training program are more likely to stay with the company for at least three years.
Not all employers have the time to train new employees. Working with temp agencies can ensure that candidates are given a structured overview of the company, its culture and policies, and that they are prepared for the commitments from the beginning. Employers can work with employment agencies from the beginning to let them know what skills and personality traits they’re looking for, so the agency can be involved with creating a smooth on-boarding process. This is especially important, as nearly a quarter of all new hires leave after less than two months on the job.
Temp agencies aren’t just for administrative and clerical work.
While employment agencies do commonly place candidates in entry-level office positions, over a third of all placements are in the industrial sector. Another 26% of workers placed by temp agencies end up in STEM fields or high-level professional positions, finding high-paying, specialized work in difficult-to-fill jobs.
On-boarding is one of the most difficult processes in any business. While employment sites and traditional job boards are useful, working with an employment agency whose sole function is to find and screen qualified candidates can help you find the right employee quickly and easily. What can be better than that?