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Staffing agencies have a talent pool of skilled accounting candidates. Their recruiters are familiar with salary requirements for these professionals and can negotiate to ensure that hiring an employee through an agency doesn’t cost you an arm and a leg.
Staffing agencies can also provide their employees with benefits like health insurance, which saves you from paying out of pocket. They can provide temporary, temp-to-perm, or permanent jobs.
When businesses have a pressing hiring need, they typically hire a staffing agency to find temporary workers. The agency pays temporary employees’ employment taxes, Medicare, and social security. At the same time, the client company specifies how many hours the worker needs to work and at what hourly rate.
Staffing agencies constantly have a pool of candidates looking for jobs. They can quickly find qualified candidates and screen them for your specific job. This saves your firm the time that it would take to advertise the position and interview candidates yourself.
Hiring new employees is an involved process with many i’s to cross and t’s to dot. There are also a lot of legal responsibilities when it comes to employment, such as covering certain taxes, worker’s compensation, and following labor laws. The staffing agency assumes all these responsibilities, saving your HR department time. They can focus on other areas of your business that need their attention. This can be highly beneficial during busy fiscal year-end or tax season.
Hiring an employee can cost you money in hiring and onboarding costs, payroll taxes, disruptions to productivity, and more. And while it may sound counterintuitive, working with a staffing agency can save you money in the long run.
For one, temporary employees are often paid less than full-time employees because the recruiting agency bears the cost of their benefits and employment taxes. Staffing agencies also can hire temp-to-hire workers, which allows the client company to try out a candidate in the role without committing to that individual if it doesn’t work out.
With the turnover rate for accounting professionals expected to rise, partnering with accounting staffing agencies is an innovative solution for both small and large companies. Recruiting agencies can help you find the best talent quickly and efficiently to meet your financial needs while saving you money.
Find The Right Fit
There are many different accounting and finance jobs, making it challenging to find the right fit for your company. Staffing agencies can help match you with the right talent for your unique needs. They can access a large pool of job seekers and use established screening methods to select candidates for open roles.
Using a staffing agency, you can save time by having someone else review resumes and conduct initial interviews. This frees up your existing team members to focus on critical business tasks.
Staffing agencies can provide temporary, temp-to-hire, and permanent positions to meet your hiring needs. They also cover employer taxes, worker’s compensation, and insurance.
Hiring the wrong person can be expensive for your company. A reputable staffing agency will screen candidates for skills, personality, and cultural fit before sending them to your company. This allows you to “try out” the candidate before making a long-term commitment. This can save your company money and prevent unnecessary headaches.
Recruiters Are Expert Negotiators
Professional recruiters are familiar with the salary requirements of specialists in their field. They can negotiate a fair deal to the candidate and be cost-effective for your company. They can also quickly hire replacements if the temporary employee fails. This minimizes the financial impact of a wrong employment decision and saves you money by saving on costly rehiring.
Staffing agencies are experts in their field and have an extensive network of candidates they can tap into to fill your company’s needs. They can find a wide range of talent, from experienced accountants to entry-level candidates with the skills you need.
In addition, many staffing firms offer their employees health insurance, pension plans, and payroll taxes. This eliminates the burden of adding these costs to your employer’s benefit budget and frees additional funds for your other hiring priorities. Some staffing firms also offer a temp-to-hire option, whereby the temporary employee can be converted to a full-time permanent employee. This can save you even more money in the long run.
Recruiters Are Dedicated To Finding Candidates
A top-performing employee can be a tremendous asset to any company. However, finding suitable candidates can take time and effort. Staffing agencies can help to alleviate this stress by sourcing, screening, and interviewing candidates on behalf of clients.
Recruiters constantly expand their candidate pool to locate talented professionals not actively seeking employment. This gives them a hiring advantage over companies that rely solely on job boards to fill positions.
In addition to sourcing talent, recruiting firms are well-versed in salary requirements and can negotiate the best deal for their client companies. This can save organizations a significant amount of money in the long run, incredibly when filling specialist roles requiring specialized expertise and skills.
Many staffing agencies also offer temp-to-hire opportunities. If a temporary employee is performing well and fits the company culture, moving them from an agency to the company payroll may be possible. This means the staffing firm has already completed all of the typical background checks and references, which can speed up the process.