The American economy continues to be on the upswing. Normally, this would be good news. Today, it’s news that could make any Human Resources Manager fall down in a dead faint. Here’s why.
The Daily Herald published an article recently under the headline “2018’s Challenge: Too Many Jobs and Not Enough Workers.” Therein lies the rub for companies on the prowl for new talent. It doesn’t matter if the labor is skilled or unskilled — the one constant on the American economic landscape is that if you’re trying to hire it’s an uphill battle.
Not finding talent you want? Taking too long to hire?
This may be one of the first signs that your business could use a talent agency. This article looks more closely at these and other trends in 2018 that may signal that your company needs some help finding talent.
What’s Holding You Back?
#1: The Labor Market
“The job market is so strong that businesses and economists believe the inability to find workers is harming economic growth and could encourage companies to move operations" says Stuart Anderson in Forbes.
If your company is dead set on expanding operations in 2018, you might be in trouble. Unprecedented company growth parallels your need for staffing. If your labor pool can’t keep up with operations, your company probably won’t achieve those lofty revenue goals you set for this year. But don’t worry – you’re in good company. A recent Forbes article suggests that the shortage of new employees is exactly what might harm the growth trajectory of the American economy this year.
They also point out that 73 counties in the U.S. have unemployment rates of 2% or lower...Our guess is that the new Amazon headquarters will not go in any of those places.
Is the answer to increase the retirement age to 90 – or to toss out those crazy turn-of-the-century child labor laws? Well, neither, but it will force companies to spend more time hunting for talent, possibly increasing the incentives they offer for employee referrals, or perhaps hiring more bodies (good luck finding them) for their HR teams.
Or, they could outsource to a staffing agency that has built their entire business on finding talent.
#2: Your HR Manager Is Scattered
The second sign that a talent agency may be in your future is if your HR Manager is crying, “uncle.” HR management is tasked with so many job responsibilities these days it could – and probably does – make a person’s head spin around like Linda Blair's in The Exorcist.
We don’t mean to imply that your HR Manager may be possessed. Instead, we want to suggest that the myriad of tasks required of most Human Resource Professionals in many mid-market companies is too complex to also add recruiting into the mix.
HR Professionals are highly trained in the laws that govern professional employer/employee relations. In addition to staying compliant with a variety of local, state, and federal regulations, HR Managers handle performance issues and coaching, training, interviewing, onboarding, and sometimes even payroll. It’s too much to add the pressure of recruiting into the mix as well.
In a labor market characterized by 4% unemployment, recruiting is a full-time job, especially in technology or other skilled fields – like creative talent.
Why Professional Recruiters?
Recruiters (versus HR Professionals) spend 40 hours per week, networking, interviewing, and trolling for candidates. They go to events, they talk to Hiring Managers, and they visit schools to keep their eyes peeled for raw talent. Any Recruiter worth their salt will tell you they do not rely exclusively on advertisements for job candidates. In fact, that is the last thing they typically rely upon (If you're getting the impression that recruiting is a full-time networking job, you would be 100% right.)
Bottom line? Human Resource Professionals should not be handling recruiting in 2018; they have enough to do.
That’s okay — trust us, you don’t want a Recruiter to handle HR tasks, either.
#3: Your Search for the Perfect Van Gogh
Like the old song says, sometimes we get by with a little help from our friends...that probably means you’re about to consider outsourcing to a staffing agency to help you find and retain top employees. The market alone has necessitated the need for companies to seek an outsourced solution to staffing. Having access to the larger networking resources and talent pool that a staffing agency can bring to bear on your labor shortage means that your company will find the expertise you need when you need it most.
It's Okay to Outsource
Outsourcing to a creative talent agency should be part of an overall strategy to modernize your hiring practices. One goal for this year should be to improve the speed at which you find and hire talent. As our Senior Account Manager Karen Smith says, "Time kills all deals."
When a company’s attentions are divided among HR, recruiting, or other tasks, it pretty much ensures that the time-to-hire will lag. In this market, that will also ensure that you’ll lose good people to competitors that are simply more nimble. The days of the corporate HR process taking weeks or months are so 1999. A talent staffing agency can work with your hiring manager or HR team to help speed this process – and net the best talent as a result.
But Why Staffing Agencies?
One benefit of the outsourced talent-staffing model is that a good talent agency also has a pool of non-traditional resources. Firms like Artisan Talent have a database of creative professionals that prefer contract or freelance engagements, in addition to full-time roles.
The benefits of contract workers are simple: flexible work arrangements allow employers to staff up with less risk and expense. Contracts can be arranged that stipulate the option of full-time employment, should the employee and employer believe the fit is a good one. Contractors can be ellusive though — that's where an agency could be your BFF.
5 Reasons to Use a Staffing Agency
- You get access to a higher-quality talent pool
Good staffing agencies only work with the top talent in the country with amazing portfolios and credentials. But that’s not all—as LinkedIn notes, some of the best candidates are “passive” and are not actively combing help-wanted ads. The best staffing agencies have long-standing relationships with their talent, no matter where they are in their careers, and can contact these "hidden gem" candidates for you.
- The background checks are done
Our talented professionals have had full background checks. We vet and stand behind the talent we work with — we know them, we’ve interviewed them, we’ve seen their work and we've heard feedback from their previous jobs.
- A great cost/benefit ratio
According to the Wall Street Journal, companies are taking nearly a month to find new employees that fit their needs — and as you know, time is money. Companies are nervous about the talent, but they’re still sketchy about the economy and they just want to know they’re getting the best talent for their money. You can save a lot of time and resources by relying on the agency to find you a pool of qualified, vetted candidates from the get go because of their deep networks with active and passive candidates.
- The right hire for the right reasons
The best matches in the employment world are those where both the needs of the client and the needs of the talent are closely synchronized. Clients can customize their talent search to designate what skills and experience they need, the salary range, adn whether the position is temporary, part time or full time.
- The right match can hit the ground running
Sure, there’s always a learning curve whenever a new hire comes on board, but a creative staffing agency can find you candidates with qualifications and talents that enable them to take the steps two at a time instead of getting stuck looking confused on the mezzanine.
Finding your Van Gogh is easier with Artisan. From Digital Marketers, Analysts, and Web Designers to Content Writers, Programmers, and UX Geeks, we have ‘em. If your company is seeing the signs that a staffing agency could help the business, call us for a consultation. Don’t let the labor pool (or lack of same) hold you back this year.