why work with an HR solutions company?

The combination of today’s growing labour shortage and the ever-expanding skills gap is creating a highly competitive job market that makes securing top talent challenging, costly and time-consuming. According to a recent survey, the talent shortage is the number one concern of CEOs and C-suite executives around the world.

With business leaders forced to gear their attention toward reestablishing their company in a post-pandemic market, finding time to prioritise talent acquisition can be a real struggle. One effective way to overcome this obstacle is to partner with an HR solutions company that can handle the talent sourcing and recruitment process for your company.

To help your company decide if working with an HR solutions company read more about Randstad Relevate and our HR technology solutions can help solve your challenges. 

cutting-edge technology

Advancements in technology have impacted nearly every workplace function, and recruitment is no exception. While online job boards have made it easier to collect applications and ATS (Application Tracking System) software can simplify the process of filtering through these applications, it may not be enough to find, attract and hire the top talent candidates your company needs.

At Randstad, we prioritise the use of cutting-edge technology that enables our teams to expand our reach to source both active and passive candidates, prescreen them and monitor recruitment metrics to build the most effective talent acquisition process possible.

The use of this type of technology can significantly improve the quality of a hire by allowing us to identify candidates that match your company’s specific criteria, including skills, qualifications and personality traits. For example, our Randstad relevate talent search allows us to filter through our vast talent pool by location, skills and experience, and our relevate match enables us to further narrow the search based on qualifications and tested skills to help you find prospective candidates that are an ideal job-fit and boss-fit for your company. 

human-centric insights

One factor that sets Randstad apart from many of our competitors is the fact that we understand that it takes more than advanced technology to source qualified candidates. Our talent acquisition process revolves around the infused idea of ‘tech and touch.’ We know that to attract top talent, we must take a human-centric approach that focuses on human insights regarding candidates’ behaviours, motivating factors and workplace expectations.

It’s this human input that makes us different. We use this human-focused approach throughout the talent acquisition process, whether we are sourcing potential candidates, engaging with interested applicants or vetting prospects.

This two-pronged approach that utilises both technology and human insights allows us to deliver candidates who are prescreened and highly engaged.

build a continuous pipeline                            

Since passive candidates aren’t actively seeking new employment opportunities, it’s vital for your company to take the active role. One of the best ways to do this is to develop a strong sourcing process that is designed to build and maintain a continuous talent pipeline that includes both active and passive candidates.

If managed properly, your company can tap into this candidate pipeline to fill even those hard-to-fill positions and improve overall hiring outcomes. There are a few things employers can do to ensure their talent pipeline includes high-quality passive candidates, including:

·    identify current and future hiring needs

Before you can build a successful talent pipeline that can help your company as it moves forward, you must first identify its current and future hiring needs. This requires an in-depth evaluation of company goals and objectives, a complete skills assessment and a full understanding of industry trends.

You must also distinguish between which of these skills candidates must possess from the start and where the company can invest in training to equip workers with the right skills. Keep in mind that many skills can be learnt on the job, but personality traits can’t be taught so easily

Start by holding meetings with supervisors and hiring managers to get a better understanding of the current skill needs of the company. Continue by conducting industry research to better understand emerging trends and technologies to determine what skills may be needed for the future of work within your company.

With this information in hand, you’ll be better equipped to identify the characteristics, skills and qualifications your company seeks in candidates for both today and the future. This step, in turn, will enable you to build a talent pipeline that drives results.

·    hold on to unsuccessful candidates

Don’t make the mistake of immediately dismissing candidates that weren’t selected, especially those applicants who made it through one or more screening processes. While these candidates may not have been the company’s first pick for that specific job, it doesn’t mean that they won’t be qualified for other positions within the company, or even for future roles that may evolve over time.

Instead of writing these candidates off, they should become a vital component of the company’s talent pipeline. In fact, studies show that candidates who previously applied for a job within a company are four times more likely to respond to additional job opportunities within that same business. Additionally, these candidates are already partially vetted and engaged, which can help to speed up the hiring process.

tailored talent acquisition plan

A major concern that organisations have about working with a sourcing agency is the fear that the recruitment process won’t match the company’s culture or employer brand. This factor couldn’t be further from the truth when you work with Randstad.

We realise that every client we work with has different hiring needs, goals and objectives and that there is no one-size-fits-all process when it comes to talent acquisition. These factors are why we always start the sourcing and recruitment process by meeting with clients to discuss their hiring needs and to obtain a full understanding of the company culture.

With this information in hand, we then build a customised talent acquisition process that matches the company’s brand. This initial process allows us to identify candidates that would be a good job and boss fit for the company and to give prospective applicants a glimpse into what it’s like to work for the company, which can greatly improve hiring outcomes.

We also allow our clients to determine exactly what part of the talent acquisition process our Randstad team handle and what aspects they want to keep in house. For example, some clients prefer our Randstad teams to handle the entire recruitment process from end-to-end, including onboarding and training. Other clients, however, prefer our teams to only source and pre screen candidates, and then they handle the hiring tasks themselves from this point forward.

When you work with Randstad, our teams will create a tailored service plan that meets your company’s specific needs, goals and objectives.

faster time-to-hire

With today’s highly competitive job market, the speed of hire is crucial. In fact, studies show that the average time-to-fill is about 30 days, while top talent candidates tend to remain on the job market for 10 days or less. Without an efficient recruitment process in place, your organisation may find it impossible to hire the talent it needs to grow.

The last thing you want to do is spend weeks guiding highly desirable candidates through the recruitment process only to lose them to a competitor because the process took too long. On the other hand, you don’t want to rush through the hiring process and make poor hiring decisions that can be both frustrating and costly.

Working with a professional HR solutions company can help you speed up the hiring process and attract top talent simultaneously. For example, when you work with Randstad, you have immediate access to our massive talent pool of qualified candidates from around the world. These candidates are prescreened and fully vetted.

Once we take the time to better understand your company’s goals, objectives and hiring needs, we will search our vast database to identify potential candidates that match your specific criteria. If we are unable to find the right talent within our candidate database, we will use a combination of advanced technology and our in-depth understanding of both global and local job markets to identify the most effective sourcing strategies to attract the candidates your company requires.

cost savings

There’s no easy way to say it — talent acquisition can be expensive. Recruitment costs, including background checks and advertising fees, can quickly add up. In fact, our research shows that it costs about 21% of the position's salary to hire a new employee. Add to this the amount of time recruitment duties will take away from your other day-to-day duties and you can clearly see that filling open positions is one area where you can’t afford to go wrong.

Working with an HR solutions company may seem like an added expense the company can’t afford. The reality, however, is that partnering with an agency that specialises in recruitment can actually save your company both time and money. In most cases, recruitment agencies handle the sourcing, engagement, prescreening and sometimes the interviewing process. At Randstad, we can also handle the onboarding and training process, which can speed up time-to-productivity rates.

Partnering with an HR solutions company can reduce HR overhead by eliminating the need to maintain a large recruitment team, while still retaining the ability to scale your recruitment efforts up and down as needed. Additionally, improving the quality of hire can help to decrease turnover rates and associated costs.

To learn more about working with an HR solutions company and to find out how Randstad can help your company improve hiring outcomes, download our guide to Randstad Relevate.