As a business leader, you're keenly aware of the vital role that talent plays in helping your business grow, but finding, interviewing and hiring the right candidates can strain your resources, causing you to lose precious time and money. Fortunately, you don't have to go it alone. Here are just a few ways working with Randstad can help your company grow.
When it comes to growing your business, the bottom line takes precedence. Randstad can help you save on talent-related costs in a number of ways, freeing up funds that could be better allocated elsewhere to help your business grow. By leveraging us to get the right candidates from day one, you reduce the risk of incurring costs from making bad hires, high churn rates and decreased employee engagement.
When you hire talent through us, you can save on costly HR functions by letting us take care of items like benefits administration, employment process outsourcing, hiring, recruitment and payroll. This can free your HR staff to focus on more high level initiatives like talent planning and retention.
Our staffing experts know talent, and they're trained to assess attributes like personality and working style in addition to experience and skill to uncover candidates that best fit your workplace. This can drastically reduce the chances of a new hire not working out. With the potential cost of a bad hire estimated at 21 percent of an employee's first-year salary, that means more savings for you.
Turnover can dampen employee morale, hinder engagement and eventually jeopardize profitability. Highly engaged teams were found, after all, to be 21 percent more profitable than those with lower levels of engagement. By getting the right hires from day one, you can reduce churn and improve engagement, creating an optimal environment for business growth.
As your business grows, so will your staffing needs. If you've brought us along, you will have the resources to help you scale up when the time comes. Or, if your business is subject to a busy season or experiences periods of increased demand, we can adjust on the spot to deliver the temporary talent you need to keep operations up and running.
Growing a business is a major undertaking, and you need all the extra time you can get to make it a success. Unfortunately, the hiring process can be time consuming. Recent Randstad research revealed that it takes businesses two to three months to fill a direct-hire position.1 Every day a position remains vacant is a day taken away from focusing on moving your business forward.
When you work with Randstad, you'll gain access to our extensive network of qualified, pre-vetted professionals who are ready for their next great opportunity. Our experts know how to source and screen the right talent quickly — without sacrificing quality — so you can get better hires faster than if you chose to go it alone.
Between reduced staffing costs, time saved on hiring and the added assurance of all-season talent coverage, working with Randstad can help you get the funds and freedom you need to take your business to the next level.
1. Randstad US, "randstad professionals: client survey executive summary." 2019.