COVID-19 had a huge impact on the economy worldwide and the difficulties faced by the world are taking long to recover. One of the areas which also got affect is the employment sector, which in result increase the demand for employable talent. To bridge this gap, the staffing companies in India act as valuable resource. They are the staffing agency which help organizations to employ, develop and retain the right candidate for any available role in the company.
Due to this, India’s staffing Industry has positively grown bigger than before. A growth of 3.6% over Mar’20 shows its resilience and maturity.
And it is observe that adopting a staffing agency for your organization can yield positive outcomes, in these precedential times. However, it is important for any organization to take into considerations the opportunities and drawbacks one would acquire, in case they are looking forwards to using a staffing agency.
A few opportunities are as follows:
Flexibility:
Due to the “new normal” adaptation, a lot of organizations have amended their approach towards hiring. A lot of industries hold back from hiring for full time positions, as now they are more concerned to spend resources on assets that are of utmost outcomes. Businesses are adapting diversified working styles. However, to inculcate these approached in the new normal business lifestyle and administration, it becomes a necessity to contact the experts in this domain, none other than the staffing agencies. These agencies are versed with different approaches of hiring, like contract employment or short-term, long-term hiring, temporary-to -hire and more. This saves time and efforts of the organization and reap them the desired resources.
Fast Hiring:
With the fast-growing economy and decline in the employability ratio of the right skill talent, the job market is force to amend its hiring strategies. Today, the hiring process is longer and more complex than in the past years. Which makes it a difficult and time-consuming process for organizations to hire the required resource. Having said that, the staffing companies in India, have already dived into the new hiring strategies. Due to this, these agencies are the best alternative to get the right skillset of workforce, for any organization and for any domain.
Risk reduction:
Recruiting a candidate comes with a lot of responsibilities and functionalities. From following the labor laws, insurance coverage, taxes covering to a lot of other aspects. Adding to it are the financial risks which acts as a liability on the organization. Particularly when someone is fire or leaves the organization. The staffing agencies are the ones who, with a pool of clientage and experience in this area, help the organization divide the risks and help them hire and retain the best human resources. They take full responsibility for the prospective employee of the organization till they are on the assignment.
Recruitment Administration:
One of the roles of staffing agencies is to maintain and take care of the paperwork from managing the candidates’ contracts, performing screening processes, ensuring the stability of resources, appropriate candidature, and more. As a big responsibility of any organization gets transferred to these staffing agencies, the nitty gritty that come with employment gets shifted and, organizations enjoy good resources at a minimum cost.
Though contracting a staffing agency really helps an organization acquire the right skillset employees in a short amount of time and efforts, there are a few drawbacks that comes along.
Drawbacks of a staffing agency:
Cost:
To fulfill all the requirements of recruiting, the staffing agencies demand high fees. Although the compensation depends on the role the organization is looking forward to fill, however, you need to pay a fixed fee, every time you would want to hire. Whereas if the recruitment process is practice in-house, the chances of experimenting and incurring risk increases, but with no or low cost. And the organization can utilize the same money to yield higher returns in future, for better purposes.
Culture:
The internal departments of any organization keep into consideration a lot of factors while recruiting, like team fitment, behavioral, psychological parameters and more. Whereas it is not really possible for any staffing agencies to choose a candidate who fits into the culture of the organization. They help you hire the best fit in respect of role skillset requirements but due to lack of same understanding and experience of the organization, hiring the absolute fit for the role becomes difficult and effects the overall growth of the client company.
Branding:
When a candidate approaches a company individually or a company approaches a candidate, the reputation of the company is formulated, presented and promoted first hand. However, when a recruiting company approaches candidates for different clients, the reputation turns second-handed and is usually not presented in the original form. A company’s brand control gets somehow distorted when a third party gets involved. There are chances that the first impression of the company made on the candidate are old and used.
Communication:
The recruiting agencies are affiliated with a lot of companies at the same time. This gives them good network and clientage. However, due to big engagement and time bound processes, communication gaps tend to arise between the staffing agencies and the company. These delays might lose a good potential candidate or a client.
The question which arises now is whether to use a staffing agency for your organization or perform a full cycle recruitment process by yourself?
To make the correct decision, a company should analyze it’s need and requirements and consider answering the following questions;
Does the agency have unique services?
What were the companies this agency has worked with or currently working?
What is its market reputation?
How do they provide workforce?
What are the retention results of this agency?
Customize these questions with your organization’s standards and requirements.
To make things approachable for you, a reputed staffing agency in Noida, known as Posterity Consultancy is one such company that help you find the best suited resource for your roles.
With staffing they are engage in a lot more activities like, contingency search, leadership search, RPO, campus solutions, recruitment reengineering, trainings, India Market Entry and more.
A matter of fact about this agency is that the state disadvantages of any staffing agencies are already take care of by this agency. This ensures that this agency for any given purpose would be a profitable deal for your organization.
