How will your company succeed in a volatile labor market and an ever-changing world of work?
2022 has been a rollercoaster ride for many businesses and organizations. There’s the shift to remote work, inflation worries, layoffs in big tech, and rampant talks of a looming recession.
Times like this are tough for employers. You will have to join the battlefield for getting top candidates in a highly competitive job market. There is also the need to focus on retaining your current employees and keeping them engaged. These employees, in turn, may be keen on getting a raise due to rising prices and succumb to the temptation to leave your company for greener pastures.
A joint study from Glassdoor and Indeed revealed that 2023 would be a tight and competitive year for the labor market, with job candidates having the upper hand over employers who must scramble to hire competent professionals. This candidate-driven job market also means that employers must be ready to offer higher pay, better benefits, flexible working options, and other perks to their new hires.
Collaborating with a Holistic Staffing Partner as the Solution
Many staffing agencies have mastered the art of adaptability in this continually evolving labor market and the world of work. Employers are now quick to realize how much more convenient it is to work with a reliable staffing agency and how the ideal staffing firm can help them reduce costs, streamline talent acquisition, and manage payroll and other HR processes.
However, many organizations need support in other aspects aside from just the recruitment process. The support given to job seekers must continue once they have become new hires.
They also need support with onboarding. Companies may also need help adapting and managing new technology to simplify processes, liaise with government institutions in matters related to employee benefits and general compliance, or tap into offshore services to mitigate lingering issues on talent acquisition and the recruiting process.
Given the current circumstances, a staffing agency needs to be holistic to be able to serve its partner organizations fully. Let’s look at five compelling reasons why your company needs to partner with a holistic staffing solutions firm.
1. Get Ahead of the Rest in Getting Top Professionals
A January 2022 survey showed that 47 percent of companies with vacancies found it extremely challenging to find candidates that could fill these roles.1 Meanwhile, a World Economic Forum study reported that 50 percent of all employees would need to reskill by 2025.2
Indeed, finding and retaining top professionals is a huge concern today. Your hiring managers could definitely use some help by partnering with a staffing firm.
Choose a staffing firm that can give you ample time to get to know your staffing needs. They should have a complete understanding of your business and your company culture to match the correct people to fill crucial roles in your organization. Most importantly, choose a staffing agency that can partner with you when it comes to diversity, equality, and inclusion (DEI) endeavors.
2. Make Sure That Your HR Tech Stack Works for You
If you and your hiring managers are still struggling with your HR tech stack, then getting the services of a staffing agency may be your best bet.
A leading staffing agency should be able to provide you not only with personnel and recruitment process outsourcing but also the appropriate tech stack to go with it. Job boards are already obsolete methods of finding top professionals. As with everything in the global economy, the ideal staffing firm should equip you not only with expert recruiters but also the technology to meet the challenges of today’s job market.
3. Get the Right Technical People to Work for You
The truth is that the tech sector is the industry where the talent shortage is most severe, largely caused by the rapid digitalization of the global economy. As your organization becomes more dependent on technology, you will need more people to execute this transition. Finding the right people is crucial because this investment can cost your organization a lot of money, especially if the wrong people are handling your digital transformation.
The ideal staffing firm should be able to provide you with the most suitable people to implement your digital transformation and streamline your organizational processes. This can come as a direct-hire or project-based employee provided by the ideal staffing agency.
4. Ensure Compliance in Your Company Processes
A holistic staffing agency not only hires employees for your organization but can also guarantee that your company is fully compliant with the latest regulations dictated by the law.
When an organization outsources its HR operations, it must also outsource its talent acquisition needs and other aspects of employee relations. A holistic staffing agency can provide support in matters relating to compliance, employee benefits and compensation, and employee relations, among others.
Having a staffing agency to take care of all these matters is ideal, as it contributes greatly to the engagement and retention of your employees, as they are guaranteed to have someone to take care of these concerns.
Holistic staffing firms act as full organizational consultancy, talent management agencies, talent acquisition companies, and digital technology firms. Therefore, it makes much sense to integrate all these services and partner with just one company to provide them instead of collaborating with several companies to get each of their services. Indeed, this setup is much more streamlined and efficient.
Also, with the advent of Pay Transparency Laws in most states and major cities in the United States, you also benefit tremendously by having a partner supporting your transition to make salary and compensation more transparent among your current and future employees.
5. Maximize Your Offshore Investments
Offshoring is becoming increasingly mainstream across many businesses and organizations due to the talent shortage, especially in tech.
Choose a staffing firm with a dedicated offshore team that enables you to access a new pool of talent that can help you succeed, and lead while saving on talent acquisition costs.
Be it managed services, support teams, consulting services, or temporary workers, a holistic staffing agency will equip you with vital support to help you get your ROI and guarantee that your deliverables are achieved. Furthermore, you can manage your supply chain more efficiently and get the right talent solutions without going overboard in your spending.
STRATEGIZE YOUR SUCCESS. PARTNER WITH STRATEGIC SYSTEMS.
End your search in finding a holistic staffing solutions partner by collaborating with Strategic Systems. With more than two decades of success in staffing and its allied fields, Strategic Systems takes you several steps closer to meeting your talent acquisition needs and revolutionizing your organization to make it a leader in today’s volatile global economy. Our business is your company’s success. Talk to us today!
1 Pelosse, Gordon. “Council Post: Are Employers Heading for a Talent Shortage Perfect Storm?” Forbes, Forbes Magazine, 8 Nov. 2022, https://www.forbes.com/sites/forbeshumanresourcescouncil/2022/05/17/are-employers-heading-for-a-talent-shortage-perfect-storm/?sh=1adbc88f16c4.
2 Hiring Talent Will Remain Challenging in Several Countries for Years to … https://www.glassdoor.com/about-us/hiring-talent-will-remain-challenging-in-several-countries-for-years-to-come-according-to-inaugural-2023-hiring-workplace-trends-report-from-indeed-glassdoor/.
3 “These Are the Top 10 Job Skills of Tomorrow – and How Long It Takes to Learn Them.” World Economic Forum, https://www.weforum.org/agenda/2020/10/top-10-work-skills-of-tomorrow-how-long-it-takes-to-learn-them/.