The in-house vs. agency recruitment topic has always raised quite a lot of attention among recruiters and companies.
So what is the difference between in-house and agency recruiters, and when to seek external support?
Agency recruiters work with multiple clients to source and hire candidates for a variety of roles, while in-house recruiters focus on hiring for a single company.
Even though companies have their own recruiters, some decide to team up with a recruitment agency for additional support or to access the agency’s expertise in sourcing candidates.
Companies often hire agency recruiters as consultants or additional support for their in-house recruiters who are overwhelmed with their current tasks. With the help of a recruitment agency, in-house recruiters can focus on the selection process instead of sourcing candidates.
Recruitment agencies can help in-house recruiters focus on the selection process instead of sourcing candidates.
1. You don’t hire people constantly.
Startups and small businesses often don’t need to hire frequently, so having a dedicated recruiter on staff can be expensive and impractical. Instead, they can use a recruitment agency to find the right candidates quickly and at a lower cost.
2. Small in-house recruitment team.
Companies with small recruitment teams may struggle to handle a high volume of open positions. On average, recruiters receive 75 applications per job opening. If the company has multiple open positions, a recruiter will have to spend hours just screening the resumes, let alone conducting interviews and tests.
A recruitment agency can help lighten the load and find qualified candidates.
3. Reducing the average time to hire.
The average time to hire is 30-36 days, but top candidates are off the market within 10 days. A recruitment agency can help companies hire faster.
4. Lowering the cost of unfilled positions.
Open vacancies can cost companies thousands of dollars. Company can calculate its loss with a simple equation:
(Annual revenue / number of employees) / 220 working days X 1,2, or 3 multiplier
A recruitment agency can help companies avoid these costs by finding qualified candidates quickly and efficiently.
5. Need for expert market knowledge.
Each position comes with different requirements. And, some positions may be very specific and difficult to fill. Agency recruiters have industry expertise and market knowledge that can help companies fill difficult-to-fill positions.
Agency recruiters are specialists in their markets and can provide valuable insights to any in-house recruitment team. They stay up-to-date on salary rates, career expectations, hiring trends, and skill shortages.
6. Scaling your team suddenly.
Companies that need to scale their teams quickly can benefit from working with a recruitment agency. Agencies can close multiple positions quickly and efficiently.
7. Candidates are more honest with agencies.
Candidates may be more honest with a recruitment agency than with an in-house recruiter, as they may fear insulting the company or the recruiter by being too direct.
8. Unlimited reach to top talent.
Recruitment agencies have large candidate databases and industry knowledge, making it easier to find top talent quickly. In-house recruiters on the other hand have limited access to candidates and market insights, especially when hiring for new locations.
9. More successful negotiations.
In-house recruiters may not be experts in negotiations, while agency recruiters are trained to get their clients the best talent while maintaining the recruitment budget.
10. Retaining new hires more successfully.
Recruitment agencies offer a guarantee period, ensuring that their hires stay at a client’s company for a certain period of time.
Need help filling a difficult-to-fill role, scaling your team quickly, or building a satellite team?
Contact us at info@popcornrecruiters.com and let’s discuss your hiring needs!