Why Staffing Firms Save Your Customers Money (Infographic)

Think back to your most recent “bad hire.” Remember the time, eff Why Staffing Firms Can Save Your Company Money ort and resources that went into posting the job, screening candidates, interviewing and training. And then there was the trial period. Like most companies, you’ve gone through the discomfort a bad hire can bring. By the time you cut your losses, this preventable mistake will have cost you and your company over $40,000, and in some cases even $200,000, when valuable customers get caught in the flack. http://boss.blogs.nytimes.com/2011/03/01/the-hidden-costs-of-bad-hi...

Surely there has to be a better way…

A bad hire is often the result of a failure of one or a combination of the following steps:

Knowing where to source the best candidates
Taking the time to screen enough candidates
Taking the time to qualify the right leads
Having a proven screening process
Spending enough time interviewing
Asking the right question

Established staffing firms pride themselves on taking the time to ensure that every submittal meets or exceeds the criteria you’re looking for. Checking references, conducting first-round interviews and researching the candidate’s history are critical components to ensure the candidate is fully qualified, meets your specific requirements, and fits within the culture of your workplace.

This proven process reduces the risk for clients and saves them headaches and dollars. Through having a solid history and relationships with consultants, staffing firms perform this process more quickly and efficiently than most companies could on their own. When the cost of a bad hire is in the tens of thousands of dollars, it just makes sense.

The fact of the matter is that reputable staffing firms can save your company resources and much of the pain that comes with hiring, especially when you need quality staff quickly. But don’t take it from me, here’s the data compiled by Harris Interactive on behalf of Career Builder that shows the staggering results…

Cost of a Bad Hire Infographic

Blog originally posted at http://blog.eliassen.com/blog-0/bid/76038/Why-Staffing-Firms-Save-Y...

Comment by J. Jeffrey Hallan on June 14, 2012 at 10:37am: You've made the well-established case that a bad hire is costly. You've also made the claim that a consistently applied process of an "established" firm, may address some of the reasons companies hire poorly. But where is the evidence to support the core premise that staffing firms save companies money? "Checking references, conducting first-round interviews and researching the candidate’s history" are all things a company can do on their own. Does your claim that "staffing firms perform this process more quickly and efficiently than most companies" really hold up? Does the use of a staffing firm (in general) result in higher quality hires and better retention thus saving money?