Do Staffing Agencies Find Reliable Talent?
With labor shortages and spending cuts going on simultaneously, it has never been more integral for companies to find top-tier, reliable talent.
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3 min read
nTech Workforce : Jun 29, 2023 8:00:00 AM
Small businesses can face many challenges, among the top is recruiting. The U.S. has been fluctuating around full employment since 2018, which has made small business recruitment an even bigger challenge.
Added to the tough recruiting climate, financial constraints are a major factor in small business development. As a result, small business leaders must develop strategies to recruit and retain staff under pressure.
Businesses are now turning to compensation strategies, employee perks, and employee incentives to keep attracting top talent even on a budget. In this edition of nSider, Suzette McDowell, Senior Marketing Manager at nTech Workforce shares some tips on what small businesses can do to keep up with recruiting top talent while on a budget and how working with a staffing agency can help.
Not every business can afford a six-figure salary for recruiting top talent, but there are still some ways that small businesses can get creative in building an attractive compensation and perks package.
According to McDowell, these techniques can include:
Developing employee satisfaction requires a better understanding of the preferences and values of potential candidates, and aligning the unique employee benefits with their expectations.
According to McDowell, “When it pertains to captivating top talent, the significance of branding cannot be overstated.” One study estimates that 75% of job seekers research a company’s reputation before applying, and 50% won’t even bother with a company that has a poor reputation.
For McDowell, the importance of strong company branding rests in the fact that job seekers “yearn for a sense of alignment between their identity and the company they choose to associate themselves with.”
To be able to attract top talent on a budget means that small businesses will have to get creative with their sourcing methods. McDowell suggests that “organizations, regardless of their budgetary limitations, actively engage in their respective communities.”
Why engage with community partners? “By actively participating in local initiatives, such as partnering with their local chamber of commerce, collaborating with their economic development office, and establishing connections with local community colleges through volunteering and networking endeavors, companies can gain access to a pool of local talent,” says McDowell.
Employee satisfaction is linked to the perception of value that an employee draws from their experience in a given position. However, that value can be derived through several avenues.
While “employee development plays a significant role as it demonstrates a commitment to the growth and advancement of employees,” says McDowell, “other factors such as a competitive compensation, a positive work culture, work-life balance, challenging projects and opportunities for career advancement also influence top talents’ decision-making processes.”
Working with a staffing agency can offer a few key benefits even if companies are on a budget. According to McDowell, these benefits include:
If your small business is looking to hire on a budget, reach out to nTech Workforce to find out how we can help your business find top talent, your way.
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