What is a good company without good employees? Without workers who feel actively engaged in their work even the most ambitious business risks going belly-up. This simple wisdom has caused many small and large businesses to start looking into the benefits of a staffing company to help their brand from the ground up. With employee retention on the rise, turning to an employment agency can help nip potential problems in the bud and create a more viable work atmosphere for all. Not convinced? Keep on reading and see how job placement agencies could be just the ticket you and your workforce are looking for.
Did You Know?
Quick facts time! Over 90% of recruiters will look at a candidate’s social media profile for reliability and trustworthiness. The costs of employee turnover range from a mere 30% to a stunning 150% of an employee’s salary, meaning it’s much cheaper to keep an employee than to hire new ones. At least 20% of new hires, however, will leave their jobs within 45 days of being accepted. This is where a staffing agency comes in.
Employee Turnover
Let’s get to the meat of the issue. Employee turnover is one of the biggest issues facing companies as we know it. Estimates see $11 billion is lost every year to employee turnover alone. When you factor that alongside general maintenance, marketing costs and labor costs, that’s way too much to worry about. So how can your business properly use a staffing company to fix this problem?
Employee Retention
It’s possible to have your workers stay around longer. Over 60% of organizations view employee retention as an issue, but many are still wondering how they can tackle the problem from the source. Even human resource professionals say retention is their greatest concern, at 45% of respondents in a recent survey, just before employee engagement. Job agencies are well aware of this issue and how to go about handling it in the day-to-day. Engaged employees are proven to stick around longer than engaged employees. This can include creating employee recognition programs.
Employee Diversity
Diversity is one of the best ways to engage with both your customers and your employees. McKinsey has conducted multiple ongoing surveys to better assess the effect that diversity has on a business and the results have been astonishing. Gender-diverse companies, for starters, are 15% more likely to outperform their peers. Ethnically-diverse companies? 35% more likely than their peers. Combining these through the aid of a temp agency means you’ll be leagues ahead of your more static peers. A staffing company will be more than capable of selecting qualified individuals across a wide range of backgrounds.
Hiring A Staffing Agency
It’s time to seek out the aid of a staffing agency to keep your business from falling to the wayside. More than three million temporary and contract employees work for American staffing companies during an average week, meaning you’ll have quite a selection to choose from when it comes to assessing your business’ weak points. Studies have shown new hires that undergo a structured on-boarding program are up to 60% more likely to be with the company for three years or more. What are you waiting for? A better future is just around the corner.
