Companies have to be very careful when it comes to hiring. A bad decision will have major repercussions. Research showed that one bad hire can cost businesses an average of $14,900. In some cases, it might even cost as much as $240,000.
Hiring the right person goes beyond the financial aspect. The right employee also helps ensure your company’s success. They’ll also add to the business’ productivity. They can also help make your team stronger. They can also build morale.
The challenge is finding the right people. It can be a daunting process for management as they need to focus on core operations. This is where a staffing agency comes in. A staffing agency helps match companies with the right workers and vice versa. Look at them as a conduit that will energize a business. They also help individuals land their dream job.
You must know the different types of staffing companies. This will help you choose the best one for your professional goal and needs.
Contingency Employment Firm
This is the staffing company you need if there’s a position that must become filled fast. These companies are also called search firms. They work on a per-project basis. They are often used to search for entry to mid-level staff. The agency will send many resumes of prospective workers to the employer. The client will only pay for the agency’s services if they are successful in finding the best candidate.
Many people also use a contingency employment firm to look for a job. They have to prepare to face a lot of competition though. They’ll be up against other applicants who found the job post from various sources.
Direct Hire Staffing Agency
A direct-hire staffing company is a boon for many businesses. For example, many small business owners don’t have the time to handle the recruiting process. So they tap a direct hire agency instead of posting ads and conducting interviews. The staffing agency will handle all that. They’ll work with a specific set of skills and requirements given by their client. They’ll then do the vetting and interviews. They will even take care of all the paperwork.
Executive or Retained Search Agency
A retained search agency has an exclusive working relationship with a specific client. These employment agencies are often tasked to conduct senior and executive-level searches. They do this within a specified timeframe. The search agency will search for and get in touch with prospective candidates. They will even reach out to executives who are still employed and not looking for employment. But they will try to entice these executives to join a new company.
If they sound like “headhunters”, it’s because they are. These specialized staffing firms are also called headhunters. They’re paid for their special services. They will even get an extra percentage of the new employee’s salary.
Executive search agencies will do an extensive background search on all prospective employees. The agency can even handle the entire recruitment process on its client’s behalf. They will do this before they refer the employee to their client.
Permanent Placement Staffing Firm
A permanent placement staffing firm is like a direct hire agency. What makes them unique is they’ll guarantee the employee will remain with the client. And they will do so for a specific period. Businesses that need long-term workers are best served using this type of agency.
Temp Employment Company
As the name suggests, this company offers or fills temporary positions. They provide clients with temporary workers. Many businesses use this service when they have an emergency. Some use them when they’re experiencing a rough patch. Companies that need more workers during peak season also use this employment firm.
There are many advantages when going with a temp agency. Companies can save money since they don’t have to train new employees. They also don’t need to worry about employee benefits since it’s a short-term job.
Delivering the Best Talent
Attracting the best talent is vital to your company’s success. This is where Seattle Financial comes in. We’re a full-service accounting and financial staffing agency. Our headquarters is in Kirkland, Washington. But our connections reach as far as California, Colorado, and the Pacific Northwest. We specialize in recruiting for accounting, HR, and manufacturing positions. We also help fill in office and administrative roles. We also recruit for sales and marketing. We offer flexible staffing solutions based on your unique needs. Give us a ring at 206-343-8732. You can also send an email to recruiting@seattlefinancial.com.
