Maximizing ROI: Crafting a Compelling Business Case for Talent Acquisition Investment

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Talent acquisition is a vital part of any business. Organizations that find the right talent will thrive. Those who don’t will waste time and money hiring the wrong talent and may end up with employees who hurt their business.

If you want talent acquisition done right, you may consider hiring an agency. It’s an added expense, but it may save you money in the long run.

The Expense of Talent Acquisition

Companies devote a substantial budget toward finding new talent. According to HR, you may spend $7500 to $28,000 to recruit a new employee. Here are some of the expenses you are looking at.

Lost Productivity Due to An Empty Position: A loss of productivity is felt company-wide. You become less productive because the employee who typically performs the job is no longer available. You may rush to train other employees to take their place reducing the time they devote to their regular tasks and increasing the risk of inadequate performance.
Lost Productivity for Staff Members: Your HR department will also lose productivity as they will devote time to interviewing shifting their attention from other tasks. You will fall behind even more if you don’t have an HR department in place. In this circumstance, CEOs and other staff members must take the time to find the right talent.
Ads: The price of running ads will accumulate.
Training and Onboarding: Once employees are hired, you must train and onboard them. You may spend money on training resources. Your company will not be up to speed until they are fully trained.

You will dig an even deeper hole if that employee doesn’t last. You will need to start the process all over again.

How a Talent Acquisition Company Can Help

A talent acquisition company makes the hiring process easier. Here’s how they can help companies minimize the stress of finding new employees.

Assist with the Screening Process: A talent acquisition company can handle the entire hiring process from scouting for talent to screening employees. They can save your company time so you can focus on growing your business.
Reduces the Time to Hire: Talent acquisition professionals have a list of qualified individuals on hand who they can reach out to right away. They reduce the time it takes for you to find talented individuals so you can get back up to speed quickly.
Temp Services: Many talent acquisition companies offer temp services. They will find someone to temporarily perform certain tasks until you find the perfect individual to help you maintain productivity.
Streamlines the Hiring Process: Some organizations may not have the most efficient hiring process in place. They may have lengthy hiring processes that discourage candidates. A talent acquisition company knows the ins and outs of hiring ensuring a streamlined process.
Insurance for a Bad Hire: Companies lose even more money when they hire someone who doesn’t work out. They must begin the process all over again. Talent acquisition companies typically offer some sort of guarantee. They may not charge for services if an employee they recommend does not work out within a specific period. The guarantee helps offset some expenses.
Better Quality Hires: Talent acquisition companies are trained to find candidates that align with their clients’ skills and company culture. This alignment means companies acquire talent that performs better, are happier with their jobs, and contribute to a cohesive work environment. The company is also likely to get more out of the workers in terms of innovation, improved customer service, and increased productivity.

Stahl Recruiting Can Help You Achieve

Your Talent Acquisition Goals

Working with a talent acquisition team can help you find talent quickly saving you money and ensuring you end up with the ideal candidate, but it’s important to find the right partner. Aim to find a partner with a record of success in your industry. The company should be well-reviewed within your peer group.

Stahl Recruiting is the ideal talent acquisition choice for executive positions in the rail industry. We stand out for our honesty, integrity, and ethics. Our company has built a network of satisfied clients who back our services. Contact us when you are ready to hire your next leader.