Why do companies decide to outsource talent acquisition and management to specialist HR consulting firms? From startups and Fortune 100s, the advantages of having an HR executive search firm helping with recruitment and retention are obvious. It takes a major burden off the in-house human resources staff, allowing the specialists in the area of talent acquisition management to handle crucial areas of hiring and onboarding. HR executive search firms also offer career coaching and professional career development advice to new hires, making it easier for them to settle into their new jobs.
Hiring and retention are major concerns
Recruitment is one of the most significant concerns for a business, of whatever size. A successful search is a retained search, where the new hire stays with the company. Human resources staffing and retention are ongoing concerns for most companies. Fully 57% of organizations report that employee retention is a major problem.
Most failed hires are due to performance issues, which have their roots in hiring issues such as a poor skills match and lack of clarity about performance objectives at the outset. Even for employees who may not actively be looking for jobs, Jobvite reports that more than half or 53% are open to considering new job prospects.
And more and more people are voluntarily leaving their jobs: by the end of June 2015, this number was 2.7 million workers. This figure represents a 25% increase as compared to the number of people who left their jobs voluntarily two years ago.
Training and career support can improve employee retention
A successful search is one that helps new employees settle into their new positions. To begin with, finding the right person for the job is not a simple matter. Most new hires leave because of a mismatch – whether of work expectations, personality or qualifications. HR executive recruiters have the necessary experience to match temperament and qualifications to the position offered.
They also offer onboarding services and professional development and career coaching to new hires, helping them to succeed in their new workplace.
Companies invest a lot of time and effort in their searches, but often fail to support the new hire through their early days on the job. Researchers have found that new employees who receive onboarding training are 58% more likely to remain with the company for three years or longer. HR executive search firms offer support to new hires at every stage of their careers, helping them to succeed.
Helping employees and businesses succeed
An organization can only be successful if its employees are both happy and productive. Support and training services can go a long way in creating a positive work environment conducive to individual and organizational success.
HR executive search firms offer numerous services based on their experience, including:
- HR executive search
- Strategic HR consulting
- Placing interim Heads of HR or functional heads of departments
- Talent acquisition
- Learning and development
- Business partner
- Organizational development
- Compensation and benefits
- Diversity and inclusion
- Corporate outplacement and career coaching
HR executive search firms have the experience and networks to help companies with recruiting and staffing issues.
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