How Outsourced Human Resources Can Speed Up Your Hiring Process
Recruiting qualified candidates is becoming more challenging for businesses, which often have to compete for candidates with multiple job offers. And while many factors go into a candidate’s final selection, there can be no denying that those who can move someone to employment quicker often have an advantage over their competitors. Speeding up your hiring process can be accomplished by outsourcing human resource functions.
Outsourcing human resources is becoming incredibly popular for businesses of all sizes. Outsourced human resources involve hiring a third party with knowledge and resources to complete your human resource functions. In many instances, these professionals have the experience, knowledge, expertise, and tools to complete HR functions more quickly and accurately than in-house staff. Outsourcing can also be more cost-effective since you are only one company among many that contract with the company, allowing you to benefit from economies of scale. And while outsourced human resources can cover a wide range of functions, there are many direct benefits when using it to speed up your recruitment, hiring, and onboarding processes.
Basics of Outsourcing Recruitment & Hiring
Recruitment and hiring are some of the top functions that companies outsource, which can be very beneficial in a highly-competitive talent market. Unfortunately, as the demand for qualified and competent professionals has increased, it has become harder for many companies to recruit the talent they need successfully. But outsourcing can enhance and speed up your hiring process by providing the following benefits:
- Access to Greater Technology: Modern recruitment and hiring often rely on many sophisticated tools and platforms, such as applicant tracking systems and those that incorporate artificial intelligence to identify candidates that match your needs. But it’s not financially feasible for most companies to purchase all of these resources without a tremendous volume of job openings. Outsourced human resources can ensure your company has access to the best technology at a fraction of the cost.
- Reaching a Broader Pool of Candidates: When hiring, most companies post openings or solicit interest in the job from a couple of channels. Broader advertising would take much more time since you would have to familiarize yourself with all of the other options and take the time to advertise on these channels, as well. Outsourcing human resources often mean that you will be working with professionals that have a vast knowledge of the best places to look for candidates in your field or industry. They are often also connected to many headhunters and recruitment professionals. Having these resources at your disposal results in access to a much wider pool of candidates, increasing the likelihood that you can hire someone quickly.
- Better Job Descriptions: In many instances, qualified candidates shy away from openings if the job descriptions are too vague, too narrow, don’t have enough, or include too much detail. When outsourcing human resources, you can get professional assistance to ensure your job description is tailored to the potential candidates you want to attract. And this means that instead of your job posting languishing with few applicants, it will catch the eye of those you want to hire and likely result in more applicants for the position.
- Streamlined Interviewing Processes: Interviewing can be one of the most time-consuming aspects of hiring. There are a lot of logistical details in scheduling and ensuring the right staff members interview all candidates. It can be easy to push these tasks off in favor of more urgent matters, but if you wait too long, you risk losing your top applicants. When you outsource this task, you can ensure that someone is working on scheduling these interviews quickly and ensuring they are conducted in compliance with all related laws. This benefit means you can get through interviewing and hire a candidate faster in most instances.
- Greater Compliance: Hiring a new employee can be complex. And if you require things like a background check, drug testing, or health exams, you face many legal requirements and delays in hiring. Failing to follow all applicable federal, state, or local laws can result in a discrimination claim or a violation of the Fair Credit Reporting Act, which can be incredibly costly for your company and damaging to your reputation. When working with an outsourced HR firm, staff are familiar with these regulations and know how to comply. This benefit reduces your risk and exposure during the hiring process and speeds up the process.
Hiring a great candidate is harder than ever. To learn more about the benefits of outsourced human resources, contact CA HR Services today.