Why does Your Company Need a Recruiting Agency

Why does Your Company Need a Recruiting Agency?
Business management refers to the process of getting the work done through others
effectively and efficiently. There are 5 functions of management that the managers have to
perform so that their business is able to prosper and earn enough profits. These Five
functions of management are as follows:
Planning
Organising
Staffing
Controlling
Directing
Recruitment is one of the most important steps of staffing process.
Recruitment is the process of finding and hiring the best candidate in terms of requirements
of that particular job opening, among the pool of candidates in a cost effective and timely
manner. Recruitment is a whole life cycle which begins with identification of the
requirements of the company as well as the particular job opening and ends with the
introduction of the new employee to the organization.
There are two types of recruitment:
1. internal recruitment
2. external recruitment
1. Internal recruitment: Internal recruitment is when a business/company looks for a
candidate for the vacancy from within the existing workforce of the company. Internal
recruitment again has two types’ transfers and promotions. A transfer implies when an
employee is moved in a hierarchy of positions with the same pay and status where
promotion refers to the movement of an employee to another job within the company’s

hierarchy which is higher in salary and status. As internal recruitment is done within the
organisation, it has certain advantages associated with it which are as follows:
Avoids Termination
Reduces Employee Turnover
Quicker and Cheaper Way to Recruit
Promotions may be motivating for the employees
2. External recruitment: External recruitment is when a business/company looks for a
suitable candidate for a vacancy from outside the company or can say from the pool of the
candidates outside the company. It is categorised into many types like causal callers, web
publishing, advertisement, campus placements and many more. External recruitment have
some advantages which are as follows:
Can find young and fresh talent
Outside people may bring in the new ideas
Can find the best suitable candidate from a pool of the candidates
Need of Recruitment Agencies:
Recruitment agencies are the firms that act as intermediary between the companies looking
for the job and the candidates looking for the employment opportunity. They help both the
companies which have hired these agencies and the candidates looking for jobs to fulfil their
needs. These agencies filter the candidates that the companies might be looking for and
make the process of recruitment easy and smooth for the companies.
Recruitment agencies are the firms which have highly specialized and have in depth
knowledge of a particular employment sector. A company should hire a recruiting agency
because it is a difficult process for the company to find a suitable candidate for their
company. Recruiting process would require lot of time and money .So, many companies hire
recruiting agencies so that they get enough time to expand the business and give training to
the existing employees so that they perform better.
Companies have to incur additional cost on advertising the job but when the companies hire
these recruiting agencies then this additional cost is cut as these agencies have the data of
all the candidates looking for the job. Monster.com, headbase.com, MondayAndCo.com and
many more are the recruiting agencies which the companies hire so that they can focus on
other process of management and the process of recruitment is done by agencies.
Recruitment agencies are also important, if some company is in need of the employees
immediately then instead of starting the whole process of recruitment again the company

can contact these agencies. If a company has hired a recruiting agency then the the agency
has to keep entire record of the candidate that they have given to the companies and make
sure that they are performing according to the companies rules and regulations.
Advantages of Hiring Recruitment Agencies:
1. They Access The Best Candidates: The Young and Fresh Candidates, who are in
search of a job, register with the recruitment agencies and they do shortlist the best
candidates according to the different requirements of different companies and jobs.
2. Time and Cost Savers: Companies can save their time and cost which they have to
spend/bear on the advertisement of the particular job opening/vacancy, as the
recruitment agencies already have a lot of candidate’s data who are looking for that
particular kind of job.
3. Screening Process Becomes Easy and Smooth: When a company hires a candidate
they perform multilayer screening process before finalising him for the job, but in
case of the candidates coming from recruiting agencies some of the steps of the
interview has been done with them by the recruiting agency. So screening process
becomes somewhat easy and smooth.
4. Have Sector Expertise: Recruitment agencies have the consultants who have
expertise in a particular job sector and also in screening, filtering and profiling the
candidates, which the in-house team of the company might not have.
5. Salary Benchmarking: If a company is hiring for a very new position and does not
have the idea what correct salary they should offer to the candidate for the kind of
job, then recruitment agency can help them to decide an ideal salary for the job
using the salary data and with the help of their local market knowledge.