How Have Employment Agencies Helped in the Pandemic?

 If you have looked around for job roles and you believe you have the calibre to deliver up to the expected standards and yet you do not qualify for any job position? Is it bad luck or are you not that strategic in your approach towards applying for a job that is tailor made for you? Well, if you have faced this and even if you have not faced this, it is always a great aid to let employment agencies have your back. 

As the names suggests, employment agencies will help candidates like you as well as other job seekers find the best job for them and filter through the companies that they are socially and culturally fit for! Besides, employment agencies have become one of the leading agencies that companies look for to hire the best talent from a large pool of network that these employment agencies have through their networks! 

Services under Employment Agencies:

Being the perfect middlemen by bridging the path from job seekers to companies and vice versa but did you ever take a closer look and assess what kind of services they have tailored for their clients for what different solutions they deliver? If not, here are some of the types of employment agencies based on the kind of services they provide:

1. Blended Services Firms 

Blended firms are have both the staffing and recruiting firms that place candidates in full-time, temporary, and contract jobs. So whether there is a client that wants to hire somebody on a full-time basis, a temporary employee, or a high-level contractor, they can go to Blended Firms and get their services.

2. Direct Services and Contingency Firms 

Employment Agencies will only get paid when the candidate is converted or poached and is hired for a full-time role at a company! The power lies in the hands of the Employer since multiple agencies compete to fill the same position, and in this fierce competition if the company chooses your candidate then your employment agency will get paid.

3. Employee Leasing 

A company handling the administrative functions of employment ensures to take the company’s core employees and transfers them to the employment of the leasing company. This is further handled through the HR Functions and risk administration such as rolling out payroll, benefits, bonuses etc. Besides that, they also do management consulting for the company with their resource requirements and employee leasing.

4. Retained Search Firm

They also handle recruiting for executive and high compensation positions as most of these retained rsearches have very high-level positions and are extremely hard to fill. But many of these common positions from the C—Suite that are put out on retained search such as CEO, CFO, CIO, there is always an expected payment to the firm upfront. The client has to pay a third of the fee up-front when they accept the retainer, and then goes forth paying other part of their fee after a particular number of candidates are submitted to the client, and after which the last one-third of the fee is paid in case the client fills the retainer. 

5. Business Process Outsourcing (BPO) 

BPO comes under those services as and when the company transfers all or part of a company’s recruitment process to any external service provider. The company can then depend on the agency for the entire end-to-end recruitment process, so that the agency can assign a resource to the client’s site to handle all the HR activities.

6. Vendor Management System

Employment agency can provide you with a software process that a client uses for recruiting and on-boarding. This system works wonders for the client as well as the staffing and recruiting firm by vending out the data and CVs of talented candidates! They end up profiling and shortlisting the staffing and recruiting firms by distributing and creating orders after which they have a walk through with the hiring process. Once the shortlisted candidate is hired, they handle the on-boarding process as well. However, besides that, they also provide time and expense tracking and reporting to their client company.

Why do you require Employment Agencies?

7. Diversity, Equity, and Inclusion

Every other industrial sector that is in need of a talented workforce, employment agencies have always faced difficult challenges related to Diversity, Equity, and Inclusion (DEI) and in 2021 they are about to struggle with the same. The 2020 Global Hiring Insights and Data reported that only about 28 percent of firms have people that come from different races in any leadership position. Furthermore, there are only about 16 percent of all the leaders in the industry are people of different races and despite representing nearly double of them in terms of workforce practitioners are as much as about 30 percent.

Besides, what might have taken a turn for the good from 2020 to 2021 is the global spotlight on inequality and inequity in the industrial market. On the other hand, it is reported that almost two-thirds of staffing professionals say diverse organizations are more effective than their counterparts. As a result, employment agencies are taking vital steps to address the challenges based on Diversity, Equity, and Inclusion in the industry.

8. Remote Work is here to stay

Even before COVID-19 hit the planet, there were many agencies that had started their operations in the remote work mode. However, the adoption of completely remote work culture wasn’t widespread and prevalent throughout the industry as it is now. Now that the pandemic necessitated remote hiring and the use of remote technology, it is estimated that around 91 percent of employment agencies have increased the use of video interviewing or video conferencing solutions even since the beginning of the COVID-19 crisis.

Although, here is another catch, the lesser number of cases in the country, it does not mean that the companies are required to completely abandon the remote work technology if it is no longer a pandemic-induced necessity. It may come as a bolt of lightning but you will be surprised to know how many people prefer remote working, in contrast to a popular opinion, most of these employment agencies and industry professionals usually expect an increase in remote work and remote hiring to be permanent even post-COVID-19 due to a certain set of advantages.

Recruiting agencies- YOMA Multinational

Hire the Best Talent through Recruiting Agencies

Recruiting Agencies

Organizations have to work on rigorous deadlines and keep their operations active. For corporates, time is money! They cannot afford to devote their time to end-to-end recruitment procedures and waste their resources to hire employees. Recruiting agencies help you save your time as well as the entire HR department cost. With changing dynamics, these recruiting agencies are considered as investments rather than expenses.

Why do you need recruiting agencies?

With the growing demand for skilled professionals, around 70 percent of recruitment is carried out through recruitment agencies. Every corporate wants to build the most talented team to stay ahead of their competitors due to which recruitment market is growing with a rapid speed of 50 percent every year.

Your organization needs to retain and develop these candidates into assets for your business. With a wide range of variations in their executive functioning, these recruiting solutions dive deeper into the success potential of a company. We at YOMA help in analysing the prominent role that recruiters have in enhancing growth and development. 

Many organizations need different recruiting strategies for various recruiting requirements. Different recruiting methods allow the organization to retain the most qualified jobs for the company. Based on the demand characteristics, recruiting solutions must be systematized and cost-efficient. 

Not every organization has the expertise and time to carry out heavy recruitment processes. In such situations, our outsourced recruitment services play a more prominent role in the company’s development. 

These recruitment require compliance with company policies and labor laws to uphold business requirements. By outsourcing these tasks, companies try to bring down the recruitment cost to a bare minimum. 

Types of recruitment solutions:

Based on the needs of your organization, we tailor our services to be the best-suited solution to all of your recruiting problems! Our recruitment solutions vary in terms of their type, implementation methodology, and feasibility, depending on how appropriate they are for your company. 

There are four major types of recruitment processes:

• Outsourced recruitment: We provide outsourced recruitment services that help in reducing your hiring cost and save your precious time.

• Staffing recruitment: We provide staffing solutions that conduct extensive research to hire the best talent to meet your staffing goals.

• Development of internal projects: We provide recruitment services to build the manpower to meet the requirements of short-term or long-term projects. 

• In-house recruitment: We provide in-house services for employees as they are familiar with the work culture and core values of the organization.

Many companies require an internal job applicant for the same position for which external applicants are competing. Our services use internal search to ensure appropriate job referral programs. We use internal communication methods such as emails and formal notices to reduce costs and generate awareness. 

An organization must evaluate these types of solutions by analyzing the following qualities:

• Impact metrics

• Cost of implementation

• Network of developed Talent Database 

• Efficiency in performance of sourced employees

• Return on employee investment

• Planning of budgets for advertising hiring and job openings

• Expertise in specialized industry sectors

• Effective use of recruitment software for RPO

Due to economic decline, many of these recruitment agencies carry out their services throughout the year. Our services help organizations to change the business model by reducing the needs of their business operations. 

Our recruitment solutions bring about a change in the organizational structure as they hire the best talent to optimize productivity. By assessing your organizational needs, we use robust software for developing stronger strategies to meet the recruitment demands. 

Our talent acquisition team provides comprehensive outsourcing services to our clients. We ensure the best implementation of recruiting strategies for long-term goals. 

We, at YOMA, provide end-to-end recruitment services that manage the entire process of screening, interviewing, onboarding, payroll management, statutory compliances, incentives, disbursements, closures, and exit formalities. Get to take advantage of our extended database reach to hire the best talent.

Recruiting agencies like YOMA are a trendsetter for companies across the nation to integrate with agencies that help them build the manpower they deserve. We operate systematically through our automated in-house technology ‘Proanto’ that provides accessibility and helps clients gain visibility of real-time dashboards including the workflow of all the staff members and field-force workers.