Without the right people and skills in its workforce, business can neither operate nor succeed. It is hence critical to be sure that your company’s talent acquisition and recruitment process is tailored and optimised to help you find strong and capable talent who can drive your business performance and meet your corporate goals and objectives.
Getting your hiring decisions and recruitment strategies right from the start will elevate your organisation to new levels of success, but getting it wrong can expose you to all sorts of risks.
The Society for Human Resource Management (SHRM) has estimated that the average employer takes 42 days and spends $4,129 to hire an employee. And if you make the wrong hire, you’ll need to spend more time and money to do it all over again.
There are many other possible repercussions of a poor recruitment strategy, such as:
- The financial and operational costs of making a bad hire
- Lost productivity when you find the new recruit is unable to do the job to the required standard
- Disruption and lower morale among existing employees
- Perception of employer brand is negatively impacted by a high rate of staff turnover
Even though these are “what ifs”, they serve as a strong argument for why you should team up with an experienced recruitment company like Randstad to prevent making these mistakes and costing the company money that could be put to better business use.
Here are three significant advantages you could gain from working with us to improve your hiring practices:
1. ensure recruitment compliance
There are various legal obligations involved in the recruitment process, which you need to be aware of to protect yourself from any penalty that could seriously impact your business operations. Furthermore, these local HR and labour legislations are constantly changing to reflect the new needs of a modern society.
Non-compliance with labour laws - whether it happens deliberately or due to a lack of legal awareness - can lead to fines and long-term reputational damage to your organisation. In some cases, the local government could further limit your ability to hire new talent, which would have an impact on your business growth goals.
If you’re a new start-up or small business owner, you may not have a thorough understanding of the local regulations and recruiting compliance requirements. You may also not have a HR personnel or legal practitioner to help keep up with the new regulatory changes. This can be a challenge if you operate in different geographical areas that have their own governing body and local regulations.
For example, data protection regulations differ from market to market. This means that you have to abide by certain rules regarding the collection and maintenance of the personal data of job applicants and employees. Sensitive and confidential information like their social security number, bank account details and home address should only be accessible to some people within the organisation. The company should also follow the local data protection regulations to ensure that these information are removed from the record when they are no longer engaged with the company.
Another example is anti-discriminatory hiring practices. Even though equality and diversity is very important to every country, each market has its own set of anti-discriminatory laws when it comes to job advertisement writing, candidate interview process and workforce management. While some local authorities do not legally require companies to state whether the position is open only to local residents, others may require the company to do so.
Non-compliance with rules and regulations like these is a risk you can't afford to take. When a company is found to breach data protection laws or has discriminated against a minority group or an individual in its recruitment process, they will face a heavy penalty from the local authorities which can limit their ability to hire new talent.
That's why it pays to work with a trusted partner who can offer the legal knowledge and expertise you need to operate within the rules and build strong, lasting bonds with your employees.
We start every client relationship with a focus on getting to know your business and understanding your various needs, priorities and challenges. That allows us to build a detailed picture of your compliance position, potential risks and steps you can take to address them.
2. flexible recruitment
It’s important for companies to have a flexible approach towards recruitment and selection process, as you’ll need to scale your resources up and down to be aligned with your hiring budget, business priorities as well as with the seasonal trends in the job market.
When you’re flexible in how you manage your talent acquisition pipeline and hiring process, you are ensuring that the organisation has the workforce strength to operate at its maximum speed and efficiency.
Your hiring activities may not go according to your initial plan, as your workforce size may fluctuate in line with changing economic trends, company revenue and business needs.
For example, businesses had freezed hiring activities abruptly when the pandemic first hit, or they may simply shift their business focus which may result in the company needing employees with a different skill set.
This can be a problem if you manage your own recruitment processes. Not only do you have to keep up with economic changes, but you’ll also need to constantly monitor the talent that your competitors and other businesses are hiring for to map market trends.
Flexibility is a critical and valuable trait in the recruiting approach for modern businesses. Partnering with a recruitment agency like Randstad allows you to be much more flexible in your approach to recruitment and resolve the common recruitment challenges that businesses face.
We work closely with all of our clients to understand and discuss the various market trends and patterns that affect their business, to ensure they can hire the talent they need when they need it and prevent them from making wrong decisions. We can also give you rapid access to an extensive network of vetted, experienced workers for when you have to hire at speed.
In the 2021 Talent Trends Report from Randstad Sourceright, 77% of human capital leaders from 17 global markets said they were more focused on workforce agility than ever before.
"Flexibility will be critical to helping your company adapt to rapidly shifting market conditions. That's why so many are turning to flexible talent to address critical skills shortages, as well as looking to save costs and get rapid access to talent."
3. time to focus on your core business
Perhaps the biggest advantage of working with a dedicated and specialised recruitment company is that it frees up more time for you to focus on what's really important - running your core business, especially if you're a smaller company.
It's not uncommon for start-ups and small and medium-sized enterprises (SME) leaders to wear multiple hats. You could be switching from HR manager to finance director to any number of other jobs in the course of a day, and need to write job advertisements and conduct job interviews.
This can be particularly challenging if you lack the necessary time and specialised knowledge to properly address the various demands and complexities of the hiring process.
If you wear multiple hats, you may find yourself behind deadlines and work tasks. It will make your life easier and less stressful if you can delegate essential tasks to a trusted partner without worrying about standards being compromised or important deadlines being missed.
You can engage a recruitment services agency that provides service support for talent recruitment and payroll management so that you can make time to focus on your core business activities. Our tech and touch ambition combines our genuine human interest and expertise with the best digital solutions to enhance the recruitment process. When you work with a full-suite recruitment agency like us, you’ll have access to a wide network of qualified talent, HR tech solutions as well as client management services to stay up-to-date with the latest market trends.
We follow a rigorous process to ensure we deliver the best possible results for every one of our clients. This starts with understanding your unique needs and steadily evolves with each step, all the way up to employee onboarding and post-hire follow-up.
partner with randstad for your hr and recruitment solutions
With our Human Forward approach to talent recruitment, we are a trusted HR partner with companies in various industries. Whether you’re looking for a permanent staff or contracting professional, our specialist recruiters have the talent network to meet your workforce needs. Besides talent recruitment, we also offer the latest insights on talent expectations, market movements and labour trends.
Alternatively, if you are a job seeker looking for better career opportunities or aiming for a career progression path, apply for our latest jobs. You can also access our career advice hub to help you with your job search and career choices.