Nothing can slow down a business like hiring a new employee that doesn’t work out or doesn’t fit into the workplace culture of that business. Even companies that have a human resources staffing department often find that restructuring their workplace when employees turn over can be a very difficult thing to do.
The last thing a business wants is to hire someone who turns out to not be qualified or a good fit. Right now, in the workforce, nearly one-quarter of new hires leave their new job within 45 days of being hired. This is not only inconvenient, it is also costly for a company. Money spent on training and other issues can really cause a headache.
According to the Department of Labor, a bad hiring decision can cost a company nearly a third of the employee’s salary. Once you hire, you’re committed to at least that much money. Along those same lines, 35% of CEOs when surveyed said that staffing is their most significant business consideration.
Many companies find it beneficial to turn to an executive placement agency for the recruiting and sorting out of new employee prospects. The world of entertainment has used this type of process for years. Hiring a casting agency to cast a major motion picture or a Broadway show, for example, is a very effective way to have someone with the knowledge and experience in the industry narrow down the prospects for consideration.
The same can be said of an executive placement agency. Your company might have a specific need for a certain type of talent. You don’t have the time or maybe even the expertise to be able to find that needle in the haystack of talent that is in the workforce pool. Talent acquisition is an art form that certain people excel in, and if you find the right executive placement agency, you can put that special talent to work when it comes to filling a void in your workforce.
Talent acquisition services increase the range of the net that is cast into the world of qualified personnel. If you are running your business, you are very likely busy with the day to day concerns of the business itself. Taking the time to cast that net into a wide sea of professionals is not something you wish to do or even have the expertise to do.
An executive planning agency is qualified and ready to help make the difficult task of filling an employee void. If you ever find that you are in need of someone new in your company, consider using an executive consulting firm to guide you in what a new hire should be–qualified, experienced, and ready to stay for the long haul.