Owning a business is a constant struggle between increasing profits and slashing expenses. One way to achieve this balance is through cost-effective recruitment. Though you can hire on your own, it would take forever to land quality employees and strain your budget in the process. That’s why you need an experienced employment service to help with hiring needs in a changing labor market. Here’s how nextSource saves you money.
Wider Talent Pool
Your talent pipeline already comprises familiar professionals such as retirees, past contingent workers, referrals, interns, and silver medalists. However, that’s not all there is to talent acquisition: nextSource expands your hiring pool with its professional associations, partners, and community groups. You would have to advertise every job opening if you decided to hire from scratch.
Though you can post on free job boards, you need a premium subscription to boost your reach. That’s not to mention the sponsored social media posts and print ads. Another cost is Search Engine Optimization (SEO). If you hire through your company website, a significant investment would go into propelling job posts to top rankings.
Your HR team may take too long to fill a vacancy, inviting monetary and non-monetary consequences. For starters, understaffed sales departments could hamper marketing efforts and decrease sales and revenue. At the same time, administrative shortfalls delay the fulfillment of tenders and business contracts.
Unfilled positions could also overwork your remaining employees, lowering their motivation and turnover. They might even quit their roles in search of better opportunities. Remember, applicants could avoid a position if it stays vacant for too long. They may view your role as stale and ditch it for competitive job offers.
Besides identifying qualified applicants, nextSource also offers training to help with hiring needs. This way, candidates are ready to work once they join your organization. Otherwise, your training budget would consume too much of your company’s resources. This includes paying for venues, catering, and training personnel. Another cost is training materials such as workbooks, computers, and software.
Likewise, training eats into company time. Instead of focusing on their duties, your employees’ attention goes into onboarding new staff. Your workers may also take on extra roles until the new employee settles in, increasing burnout risks.
A Reputable Company to Help with Hiring Needs
At nextSource, we analyze your budget and business model to get a picture of your staffing needs. No matter the scale of your operations, we deliver maximum value to all our clients. Do you need help with hiring needs? Partner with us for specialized workforce solutions.