Recruitment has always been a major cost for companies. Traditional agencies have often shouldered the full burden of the process, but in return have charged fees of up to five figures. Costs this large can make a huge impact on a company’s financial health – and are not to be taken on lightly. In times of recession the ’bottom line’ becomes more important than ever. Most companies can no longer afford to pay any more than they have to, and even the smallest percentage difference in expenses can be make or break.
The good news is that there are more options available when it comes to recruitment. Traditional agency fees are becoming as outdated as the agencies themselves, and more and more companies are looking for more innovative and cost effective options.
The growth of online recruiting has certainly increased these options. In many ways we believe that the internet has made the recruitment process more transparent. In turn, this has meant that recruitment companies have had to work to make their costs more transparent, too.
Here at Talent Direct we have worked to create a quality service at a fixed price. We’ve ensured that we haven’t compromised on agency service or candidate experience in providing this. This is great news for the vast majority of companies who are looking to drastically reduce their recruitment costs but don’t want to settle for reduced services. Typically, we can offer as much as a 90% cost saving – while still ensuring that we find the right individual for each opportunity.
Our advice when it comes to keeping recruitment costs down is to do your research and keep an open mind. Just because your company has always done recruitment one way – it doesn’t mean that you always have to. Think about using a more modern and innovative recruitment service, and you may find that they have a more modern and open approach to pricing.
What advice would you give to companies looking to cut their recruitment costs? Share your advice in our forum.
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Katie
