Reducing turnover rate: How recruiters can help you find employees who

Reducing turnover rate: How recruiters can help you find employees who fit your business

Rhiannon Williams

June 14, 2023

Finding quality employees is a significant challenge, not to mention finding employees who fit the culture of your business and are committed to growth within the company. High turnover rates can be incredibly costly for any business. Hiring and training new employees costs time and resources, as well as the costs of loss of productivity while a new employee finds their footing within the company. Indirect costs of high turnover are also considerable including reduced productivity, decreased morale, lost knowledge, lost skills and experience, poor business reputation, and more. One solution to reducing the turnover rate is to partner with a recruiting agency who works with you, understand the needs of your business, and have the knowledge and resources to find employees who fit your business.

Finding people who fit

One of the biggest benefits of working with a recruiting agency is that they can help you find quality candidates who match your company culture, have relevant experience and are looking at staying long term. This reduces the time and resources that your business must spend on recruiting, onboarding and training. Recruiting agencies typically have access to a large pool of talent who has already been through a screening process and can speed up hiring the right candidates for your company, while reducing the risk of hiring the wrong person.

Reduce your hiring costs

Working with a recruiting agency can alleviate many of the costs involved in the hiring process. This includes advertising for the position of job seeking networks, screening candidates, reference checks, interviewing, and the time and energy that goes into these processes. If you have an in-house HR team, this allows them more time to focus on the critical business initiatives, rather than the constant hiring process that comes with a high turnover rate.

Experts in the field

Professional recruiters are experts in their field and are typically specialised within specific industries giving them a deeper insight and knowledge of the labour market and the needs of the position. Recruiting agencies can assist your business to better identify what calibre of candidates are available within your industry and what employees will best fit your business. Recruiting agencies work on a big picture model and can provide valuable insights into industry trends, best practice, and changes in the market that could help you improve your recruiting and training processes over time.

Responding to the needs of your business

Recruiting agencies are a great resource when it comes to meeting the demands of your business. They already have a pool of qualified candidates who can help to fill vacant positions quickly, without sacrificing on quality of candidates. This can be hugely beneficial when your business has a sudden increase in demand that was unexpected, or when you require additional staff on a seasonal basis. Being able to fill vacant positions of additional positions quickly and effectively is important to fill staffing and skillset gaps, but also to prevent low morale and burnout in your existing team.

Building a long-term partnership

When you work with the right recruiting agency it is a partnership. The relationship between your business and the recruiting agency will grow while you continue to work together and over time they will become more familiar with your current business needs as well as being more in tune with anticipating future business needs, this will help you by more effectively sourcing candidates to fill staff and skill gaps as well as reducing your turnover rate in the process. Building a long-term relationship with a recruiting agency brings more advantages to your business than just an additional source of candidates, it brings skilled experts in the industry and labour markets that can assist in guiding your staffing decisions.

High turnover rates can negatively impact your business in ways that may not be immediately visible. Recruiting agencies are experts in the field, they can find candidates that are the right fit for your business and are looking at long-term stable employment and growth within a business. Not only can partnering with the right recruiting agency assist you in finding the candidates you need now, but they can also help you reduce the risk of losing your quality employees and support your success into the future.

How can Chandler Macleod help?

With our history as a business psychology firm, the ability to assess your candidate and employee potential is at the heart of what we do, and we treasure the value this can add to your business over the long term.

Our commitment to your business goes beyond the interview and reference checks and every consultant at Chandler Macleod is BestFit Accredited which helps them predict and understand candidate behaviour through BestFit Assessments such as such as Helix Personality Assessment. By understanding your needs and the requirements of the role, our consultants use our BestFit Assessment tools to provide you with confidence in your hiring by delving deeper into the candidate's psyche.

Chandler Macleod Consulting delves into understanding your employees’ lived experiences. By teaming up with our human and organisational behaviour experts you can help your employees and business achieve their full potential.

Want to know more?

Find out more about the services Chandler Macleod offers to clients, or simply fill in our contact form and we will have the right person contact you.

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By considering your business’ needs and establishing a strong relationship with a recruitment agency, your business can benefit from access to a sizeable talent pool and network, and an increased speed for filling open positions. Taking the time to find the right fit for your business, as well as evaluating all of the offerings of the recruitment agency, and their affiliates, and monitoring the progress can ensure not only great results for your hiring strategy, but also benefit your business by saving you time and money. Why choose Chandler Macleod? With our history as Australia’s first business psychology firm, the ability to assess your candidate and employee potential is at the heart of what we do, and we treasure the value this can add to your business over the longer term. By understanding your needs and the requirements of the role, our consultants use our BestFit Assessment tools to provide you with confidence in your hiring by delving deeper into the candidate's psyche. 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