In September 2019, the unemployment rate in the U.S. hit 3.5%: the lowest it’s been since 1969. That’s good news, right? Well, it can make your job as a hiring manager even harder because there are less qualified candidates on the market. In fact, 67% of recruiters say their biggest challenge is the lack of skilled and high-quality candidates. Who can help solve that problem? A recruiting firm. A recruiting firm dedicates all of their time to finding the best candidates. Here are three reasons why you should use a recruiting firm when looking to fill an open position at your company:

You’re busy. Your time is the most valuable thing you have. Filling an open position is time consuming for you and your team. The average time-to-hire is 3+ weeks and often extends to around 2 months… The faster you can get the hire in, the more time and money you save. A recruiting firm will dedicate all of their resources and time to help you find the perfect candidate.

The cost of a mis-hire can be astronomical to your business. The average cost of a mis-hire can be somewhere around $240,000 and the U.S. Department of labor says it’s often 30% of the employee’s first-year earnings. Yes, recruiting firms do come at a cost, but it’s an investment to get the perfect fit for your business. Not only is a mis-hire costly in terms of money, but can negatively affect the productivity of your team and take a toll on your culture. A good recruiting firm will take into account your company’s culture and the type of personality your specific business needs. They find you the candidate that will seamlessly fit into your business and one that will be a great asset to you.

Almost 99% of recruiters say that passive candidates are an important source of hire. What’s a passive candidate? A passive candidate is someone who isn’t actively looking for a new job but is open to hearing about new opportunities. One ability that a recruiting firm has is the ability to find this untapped talent and turn their heads. You just don’t have the time or the resources to actively pursue passive candidates. A recruiting firm on your side can give you an advantage over your competitors by finding the talent that they can’t.

If you are interested in learning more about what a recruiting firm does and the capabilities is has, please reach out to us.