Everyone wants to earn profit and so do all the companies. In this procedure of making money, everything is valuable, including the time of the companies in which they are investing in. Hiring candidates by the employer itself may not be a good investment for them.
As the employers may not be able to get the best candidate or it may be a long process for them to choose a candidate among all the CVs. It requires more than a person working for a hiring job, there should be at least 3-4 people involved which will consume a lot of companies' time which could have turned profitable for the company. That's why companies should hire placement agencies to help save time and money. They not only save time but also the employer’s money.
Employers may not be able to get eligible candidates for the open vacancies. It may be due to the fewer number of job applications received by them or due to not up to the mark skills of the job seekers. This is why placement agencies are of great help, they can provide an eligible candidate because they have access to multiple job portals through which they can access various CVs of multiple job seekers and sources relevant profiles among all. They recruit candidates who are actively looking for a job.
Saves Extra Expenditure
It is useful to reduce your expenditure no matter how much you are earning. Likewise goes with companies. So every company tries to control its finances as much as possible and in this placement agencies can help them while there are vacancies at the company. The cost of hiring advertising agencies can be much more than outsourcing your work to placement agencies. Though it can be seen as extra spending at once in the long run it will help the employer. Work for hiring a new candidate will be reduced to more than half and the company will be left with the last step that is the interview.
The process while hiring a new candidate is quite lengthy which includes posting the description of job openings to sorting resumes to looking for eligible candidate’s backgrounds and salary negotiations too and many more. This whole process can consume a lot of time for the company. The best way to reduce this pressure and solve this problem will be by hiring this work to placement agencies as they will do all this work on behalf of the company.
Quickly Fills Up The Vacancy
Sometimes there is an urgency to fill up the vacant position as soon as possible in the company. In this placement agencies set the best example for filling up the vacant space. They already have multiple job applications in different genres and it includes both active and passive ones. They quickly select from the available job applications. This quickly hiring process saves a lot of time and money for the company.
Screening
Sometimes while hiring a question arises whether he/she is reliable or accurate? This problem will be solved by hiring executive search consultants. As they have already checked everything from the experience documents, current/last salary documents to reference checks etc. so a company can easily rely on this verification and selects the eligible candidate. This saves valuable time for the employer.
Salary Negotiations
Sometimes everything is done but the only thing left is to finalize the salary, and there comes the problem. Both the parties are not ready to negotiate on salary and it takes a lot of time for negotiation. The salary negotiation is already done by the placement agency which brings a lot of help for both parties. This pre-negotiation keeps both the employer and the candidate from any conflict over salary.
