In the world of business, every process needs to be cost-effective. The company’s expenses dramatically impact the bottom line, so you have to manage them properly.
One of the biggest costs organizations tend to overlook is hiring. Recruitment processes can be shockingly expensive. Plus, they require a significant amount of time and attention, taking managers away from their other responsibilities and hindering overall productivity.
Luckily, there is a better way. By using a staffing firm, Mississippi companies can streamline their hiring process while reducing costs. If you are wondering how working with a Mississippi staffing can boost your bottom line, here are four ways recruitment agencies can save you money.
Four Ways Staffing Firms Save Mississippi Companies Money
Eliminate Job Advertising Costs
When you need to fill a vacancy, it’s common to head to major job boards to list the opening. While the approach can be effective, it does come with a price tag. Plus, if you need specialized skills or are in a competitive market, those listings may not be enough. You may also have to purchase online or social media ads to get your vacancies noticed, increasing the cost even further.
By working with a staffing firm, you can eliminate this expense entirely. Since the recruitment agency will handle all of the advertising using their own resources, it won’t cost you an extra dime
Reduce Turnover Expenses
Turnover can come with a surprisingly hefty price tag. If you hire a new employee directly and they don’t work out, you’ll experience losses in several areas. First, you’ll need to relaunch your recruitment process, something that can be quite expensive. Second, money spent on screening and onboarding is lost, and will have to be spent again when you find a new candidate.
When you partner with a staffing firm, you can avoid these cost inefficiencies. The recruitment agency will handle all initial recruitment and candidate screening, so you don’t have to worry about those expenses. Additionally, by using a temp-to-hire approach, you can try a candidate in the role before you bring them onto your payroll, decreasing the risks associated with new hire selection and turnover.
For companies that manage their own hiring, productivity losses during the recruitment process are common. Hiring managers have to dedicate time to handling the screening and selection of candidates, time that can often be better spent elsewhere.
By working with a staffing firm, hiring managers can focus more of their energy on their core responsibilities. The recruitment agency manages all of the initial screening, referring only candidates that have a high chance of being a match. This means the hiring manager will get to focus on those with the most potential, eliminating the burden that comes with reviewing every incoming application.
Many companies experience shifts in demand. If you handle all of your own hiring, ensuring your workforce is right-sized can be challenging. You may have to coordinate a large-scale hiring event, followed by layoffs when demand diminishes. Alternatively, you might keep extra employees on board to handle the peaks but won’t have much for them to do during the valleys.
In either scenario, cost inefficiencies occur. However, by partnering with a staffing firm, you can eliminate these issues. You’ll have the ability to bring on contingent workers only when you need them. When demand falls, you simply end the assignments, all without the costs associated with traditional layoffs.
Need Hiring Help? TempStaff Is Here For You!
If you’re looking for a quicker, easier, more affordable hiring solution in Mississippi, the team at TempStaff wants to hear from you. Contact us to learn more about our cost-effective services today.