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| Recruitment Officer Photo by Tim Gouw on Unsplash |
A member of the Sanford Rose Associates network of offices, Chicago Search Group is an executive search firm based in Chicago that works with clients across the United States. Led by president Brian Haugh, Chicago Search Group focuses on matching companies with leading executives in accounting, IT, cyber security, and banking.
As a company, working with a recruitment firm can present an opportunity to save on hiring costs. According to the Centre for Economics and Business Research, the cost of hiring can reach $40,000 per employee. Not only do you have to spend on meetings to discuss vacancies, advertisements, applicant screenings, interviews, re-interviews, and background checks, you also have to make due with training and lost productivity costs. Depending on how often your company hires, these costs can be a heavy burden. A recruitment agency can help you recruit smarter.
If you have a dedicated recruitment team, you may think your hiring practices are as effective as they could be. But suppose you hire monthly or even more frequently. That means your team spends many hours screening applicants, half of whom are usually unqualified, according to a CareerBuilder survey, and even more time interviewing candidates. Added up, these are resources spent focusing outside the company, not inside. It also promotes a culture of filling job positions rather than finding the right fit.
A recruitment agency can help with the workload so that your team focuses only on qualified candidates. Recruitment agencies have vast networks of contacts, so they can find the right fit for your company much faster. LinkedIn estimates that only 12 percent of employees are actively looking for a job, while 85 percent are open to receiving news about new opportunities. Good recruitment agencies don’t wait for applicants to reply to an ad, they go out scouting for the best hires and set up meetings with them, so you are guaranteed the best candidates. In the end, your company can save thousands in turnover and rushed-hire costs.
As a company, working with a recruitment firm can present an opportunity to save on hiring costs. According to the Centre for Economics and Business Research, the cost of hiring can reach $40,000 per employee. Not only do you have to spend on meetings to discuss vacancies, advertisements, applicant screenings, interviews, re-interviews, and background checks, you also have to make due with training and lost productivity costs. Depending on how often your company hires, these costs can be a heavy burden. A recruitment agency can help you recruit smarter.
If you have a dedicated recruitment team, you may think your hiring practices are as effective as they could be. But suppose you hire monthly or even more frequently. That means your team spends many hours screening applicants, half of whom are usually unqualified, according to a CareerBuilder survey, and even more time interviewing candidates. Added up, these are resources spent focusing outside the company, not inside. It also promotes a culture of filling job positions rather than finding the right fit.
A recruitment agency can help with the workload so that your team focuses only on qualified candidates. Recruitment agencies have vast networks of contacts, so they can find the right fit for your company much faster. LinkedIn estimates that only 12 percent of employees are actively looking for a job, while 85 percent are open to receiving news about new opportunities. Good recruitment agencies don’t wait for applicants to reply to an ad, they go out scouting for the best hires and set up meetings with them, so you are guaranteed the best candidates. In the end, your company can save thousands in turnover and rushed-hire costs.
