Knowing the concrete financial benefits of an executive recruitment firm gives CEOs and company stakeholders some idea of what to expect when they begin their search for new hires. It could take some tough questions at the beginning, but once businesses ask themselves what the ROI is for a certain recruitment option, the reasons to use one may be more obvious.
Writing for ERE.net, Dr. John Sullivan said that asking about the specific impact of a recruiting effort can lead to panic due to budgetary and planning concerns. Looking at the different ways that professional recruitment tactics change a business for the better, however, will bring up issues for recruiting leaders to consider and show the most important priorities.
While corporate revenue is one way to measure the ROI of a recruitment decision, other factors, such as the added value of placing a high-quality candidate in an influential role, should be taken into account. There are possible internal benefits (better satisfaction and performance) as well as external (competitive advantage over industry rivals) to remember when investing in a recruitment solution, too.
These are examples of benefits that will be noticeable after the recruitment period has concluded, but what about while it is going on ? The amount of effort that a company's HR and General Management staff will have to spend is an important factor.
A retained firm will reduce the involvement of these departments during the early stages of recruitment planning, meaning that businesses get the immediate perk of more time and resources for HR professionals to focus on other uses.
Find out more reasons to work with a retained executive recruiter by consulting us today. Putting the extra care into executive search planning from the beginning will directly contribute to the rewards you experience later on.
Finding people is easy, but finding the RIGHT people is not. YES Partners helps companies FIND the right people – for all company functions, across many industries and globally.
