Over the last decade the recruitment sector has experienced vast changes. Gone are the days of exclusive databases; today it is all about transparency in the market with companies forced to battle it out for the best candidates.
Inhouse direct recruitment vs external agency recruitment has long been a widely debated topic by many. Whilst some companies find it beneficial to capitalise on the experience and network of outsourcing recruitment, we firmly believe that investing in direct recruitment is the best way for startups to hire.
We identify five benefits for bringing your recruitment back inhouse...
1. Offers a better return on investment
Rather than paying out money to a third party each month, it makes far more sense to invest in your own brand. Building up a strong employer brand will have a positive PR effect on your company and will get people talking about you for all the right reasons.
In competitive recruitment markets, a strong employer brand will help you stand out and give job seekers compelling reasons to join your company over one of your competitors. It will help you to market your values and culture to candidates, which will result in increased engagement, something that contributes to greater productivity and higher retention rates.
2. Acquire quality candidates
By conducting direct recruitment, you stand a much higher chance of hiring quality candidates that are a perfect fit for the job. With recruitment agencies, there’s always a risk of them sending through a ‘closest match’ rather than a candidate that has the ideal skills, experience and personality for the advertised role. Acquiring quality candidates first time round can save you huge financial implications, as well as creating employee motivation when bringing in a good fit and someone who will stay long-term.
3. Control over the recruitment message and experience
Investing in your own direct recruitment will give you greater control over the recruitment message and candidate experience. You will be able to represent your company accurately and craft a recruitment process that will allow you to find the best talent for your advertised roles.
Recruitment agencies tend to use a one size fits all approach to hiring and this process doesn’t always churn out the right people at the end. The more control you have over recruitment, the more likely you are to end up with great candidates who go on to become loyal members of staff.
4. Build a talent pool for the future
One of the major downsides of using a recruitment agency is that you have no communication with the candidates that just miss out on the role. This means there’s no opportunity for you to build a talent pool or pipeline that you can source from in the future.
By doing your own direct recruitment, you can effectively build a talent pool for your startup. This basically involves keeping in contact with candidates who missed out on previous roles, as well as graduates and other talent, who you may be able to use to fill job roles that come up in the future. Having a talent pool at your fingertips can greatly reduce recruitment costs and allow for a far more efficient process.
5. Outsourced direct recruitment
It’s important to remember that just because you choose direct over agency recruitment, doesn’t mean you have to do it all yourself.
The work can still be outsourced and done remotely by companies like The Talent Hackers. We work closely with businesses to conduct direct recruitment, using our expertise of hiring for startups and growth companies along with our wide talent pool and top of the range recruitment technology to help you find the right candidates to enable your business to grow.
We are Talent Specialists, innovating recruitment for companies that are growing. Interested in finding out more? Contact firstname.lastname@example.org