Hiring Costs are High

The most recent SHRM estimate is $4700 to hire an employee.  Even at lower than average, costs are high, especially for manufacturing and distribution companies with volume needs and turnover.  Staffing agencies provide you with workforce flexibility as your needs change and reduce your hiring costs.

Here’s how you can reduce costs with GreatWork:

Reviewing Resumes

Sifting through stacks of resumes costs you and your team valuable time, and letting technology do it for you means investing in the right software and spending time and money on training your team to use it.  Staffing agencies stay on the cutting edge of technology and are highly experienced at choosing top candidates from among hundreds of resumes.

Interviewing, and Screening

Certified staffing firm professionals interview and screen candidates daily, and are adept at finding the best matches for open positions. You save not only the time your team spends on background checks, skills assessments, reference verification, and interviewing but also on the cost of bad hires.

Advertising and Sourcing

Staffing agencies advertise more jobs in more places, building a much larger talent pool for you to leverage. Their combined social media and job board presence keeps your open positions visible without you having to spend anything on job marketing.

Lost Opportunities

When staffing is less than optimal, you risk being unable to fulfill customer orders. Staffing agencies have access to a larger pool of candidates and can fill positions more quickly when you need to ramp up.

Overtime

Paying overtime when short-staffed to ensure fulfillment and customer satisfaction can also significantly increase costs.

Administrative Onboarding

Not only does done-for-you administrative onboarding save your team the time and hassle of setting up new employees, but staffing firm expertise in compliance and employment law can mitigate potential financial setbacks associated with non-compliance or missteps in the hiring process.

Payroll and Benefits

Until you hire the right candidate permanently, you avoid expenses related to payroll processing, taxes, and benefits.

Turnover

One of the most significant advantages of working with an employment agency is the ability to hire thoroughly vetted temporary or contract workers before making a permanent commitment. This allows you to evaluate employee performance before investing long-term, reducing the likelihood and high cost of turnover.

Have you calculated your cost per hire?  Cost per Hire: Definition, Formula, and Calculation

From our expert hiring team and the latest technology to marketing and administration, GreatWork invests in your best hires.