Recent reports show that:
One of the biggest factors impeding the hiring process is the speed of the hiring process itself. Hiring managers across almost every industry understand that, in general, the staffing turnaround time is simply taking too long. The median time-to-hire for role type breaks down to:
The current job market data is unparalleled given that over the last several years the market has been tumultuous and uncertain, at best. The staffing agencies that have weathered a prolonged economic storm peppered with global pandemics, rampant resignations, and alarming inflation recognize this one unfortunate truth: Hiring critical talent is actually getting harder than ever — and for a lot of reasons.
While most companies recognize that the hiring process is changing — many are still not changing the way they hire. As a result, staffing agencies feel like they are constantly running into a dead end with their recruiting efforts, especially with short-term contract positions where timing can truly be everything.
When we look at “time to hire” it is imperative we don’t just look at “time to accept” or “time to offer.” Unless your agency has an exclusive arrangement (your the only agency) or you are on retainer, the customer will continue the search until an employee starts.
It’s no secret that onboarding and background checks can delay (and, in some cases, even derail) a hire. A quality EOR provider leverages industry expertise, compliance standards, and best practices to significantly reduce the time needed to vet and onboard candidates. Exceptional EORs can lower turnaround times on background checks to just a few days and can even decrease total hiring time from weeks to a few days.
While staffing agencies always strive to help their clients reduce overall placement time, GREAT staffing agencies understand that the best way to decrease total turnaround time starts by refining their own internal hiring process. For these staffing leaders, teaming up with an experienced EOR provider delivers an ideal way to reduce their time-to-fill trends.
An experienced Employer of Record creates customized, automated, and affordable solutions that absorb responsibility and risk for all of your candidates. Your provider tackles all administrative, legal, insurance and compliance requirements, immediately allowing you to focus on recruiting and revenue generation.
How does this help reduce overall time-to-fill trends? Your EOR partner does more than help you carve out the precious time your recruiters need to move candidates through the hiring process faster — the right Employer of Record helps refine both your background check and onboarding protocols to ensure your candidates move through the hiring process as fast as possible.
Headcount Management’s EOR solutions don’t just change how staffing agencies hire — they can also change how long the hiring process takes. If you’re struggling with prolonged delays and extensive time-to-fill ratios, we can help. Contact us today for a free consultation on how to decrease staffing turnaround times at your agency.