The Benefits of Retained Recruitment
You may be experiencing the difficulties of filling a vacancy first-hand, so keep reading to find out how retained recruitment can assist your recruiting process.
Recruiting new staff into your business is never an easy feat so why not look into using an external recruiter for assistance
All businesses need recruitment services, be it in-house or outside of the business. Recruitment may be needed urgently, or less urgently, for numerous reasons. Urgent recruitment can occur as a result of unexpected employee departure, or business growth. With less-urgent recruitment occurring because of expansion plans, or the goal of creating a pipeline of great talent.
In-house recruitment departments have inside knowledge of the business. Terefore usually know what is best in terms of on-boarding new employees.
However, these departments are often extremely busy, especially within a growing business. Not allowing time to invest into find those hidden gems on the market. Sourcing candidates can be a very long and arduous process. With high UK unemployment levels only adding to the number of candidates to be sifted through for each role. And this is all before the interview process begins.
Retained recruitment searches involve outsourcing the full process to a specialist recruiter. They will then manage the complete process from candidate engagement through to offer. All you have to do is turn up and interview a short-list of pre-screened candidates.
On the surface, a retained search may look like a big cost and paying a portion of the fee up front may be off-putting. However, working this way frees your time up to focus on your job. It increases the chances of success and costs no more than working on contingency basis.
Let us have a look at the benefits New Chapter’s retained search, namely five²™, could bring to your business…
1. You will attract the best talent with five²™:
The five²™ retained approach contains 25 steps to ensure we identify the best talent, not just on a recruiter database. We produce bespoke marketing materials including candidate information packs and video job adverts. All to create a positive employer brand and help us engage with passive candidates. We also map the market to ensure we match and engage the best people for your vacancy.
2. Retained Recruiters take problems away:
It goes beyond searching for the right candidate. Our Recruitment Consultants at New Chapter are specialists in the FMCG & Retail space. They have excellent communication skills, specifically in delicate situations and negotiations. We then assess the candidates against your specific requirements and feed back their strengths and weaknesses. All you have to do is turn up and interview our shortlists.
3. A retained recruitment approach is proven to lead to more hires:
Its proven that this approach leads to more successful hires. After 2 years, 87% of the candidates we have placed with our clients are still in post. Over 50% of those have been promoted to higher positions. This is in contrast to a recent study we ran that showed that on average people move companies every 1.9 years in FMCG/Retail. Sounds good, right?
4. Save time and money:
Recruiting someone is often a lengthy and often costly process. A retained recruiter is dedicated to finding the ideal candidate for you and will reduce demands on your time. In addition, whilst a contingency recruiter may be working with multiple other clients at a time. A retained recruiter is 100% committed to working with you, which increases the final quality of hire.