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.
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