What are the Pros and Cons of Working with Staffing Companies?

Companies often struggle to find the right talents in the minimum possible time. According to a survey by Glassdoor, 48% of companies have agreed that they are not able to find qualified candidates for the positions they are looking to fill. And we all know, a wrong hire can cost the company even more. In such cases, a staffing company can work for your organization as a golden ticket to talent acquisition.

Recruitment is a time-consuming and expensive process. A staffing firm can recruit and hire the right candidates for your team in less time. However, there are different types of staffing companies with their own advantages and disadvantages.

Pros of Working with a Temp Agency

• A temp agency can help you find people who are needed for a short-term basis. The agency bears the cost of placing an ad, interviewing candidates, selecting, and sometimes providing training to the selected employee.• They relieve the burden of administrative tasks, such as background verification, employee documentation, etc.• They help you decrease time-to-fill and fill positions quickly during seasonal and cyclical spikes.

Cons of Working with a Temp Agency

• A temp agency focuses more on deploying skilled candidates on demand rather than on cultural or moral fit.• There are different types of temp agencies. Some are specialized in finance and accounting, some in healthcare hiring, and a few offer hiring services for all industries. Do make sure you work with one that specializes in your industry.

Pros of Working with a Full-Service Recruitment Agency

• A full-service recruitment agency specializes in temp hiring, full-time hiring, and contract hiring for any position in any industry. They know who are looking for work, what is their expertise, and if they are the right fit for your organization.• They not only advertise vacancies on your behalf but they seek out professionals who are the best fit based on your provided job description.• They conduct interviews on your behalf to shortlist the suitable ones, thus saving you time and efforts.• They help you streamline the hiring and guide you through the entire recruitment process. They even help you with salary bench-marking.• They are experts in employer branding. They can convince the right candidates to choose your company over your competitors.

Cons of Working with a Full-Service Recruitment Agency

• You will have to pay a percentage of the employee's salary to the recruitment agency. This is negotiable in most cases, but cannot be avoided.• You don't get direct access to candidates. You will have to trust your recruitment agency that they have done everything right, from candidate screening, background verification to reference checking.

Pros of Working with a Niche Staffing Firm• These staffing companies offer recruiting services for a particular industry, like healthcare, finance, manufacturing, IT, etc. • A niche staffing firm has powerful connections, better contacts, and stronger relationships in a niche. So if you are looking to hire candidates in a particular niche like healthcare or IT, go for the niche firms.• They have a limited talent pool but have a detailed knowledge of their candidate network.

Cons of Working with a Niche Staffing Firm• If your organizations requires candidates for multiple positions with a mix of skills, these niche staffing firms won't be able to help you in the best way.• They lack versatility and won't be suitable for large enterprises with various job roles and positions.

ConclusionHiring the perfect candidate can be daunting but not when you have the best recruitment agency by your side. Choose a staffing company based on your objectives, requirements, and compatibility in the long term. If you have a seasonal spike in some positions, it's better to partner with a temp agency. Full-service recruitment agencies are suitable for businesses of all sizes if you deal with a variety of positions and roles. Niche firms are great for companies working in the niche industry. Selecting the right recruitment partner will help you find talent quickly, save direct and indirect costs, and focus on the core business rather than on the resumes.