As talent shortages continue to plague workforce availability, it's easy to assume the best way of increasing your candidate pool is to work with multiple recruitment teams.
Many business leaders assume more recruiters means more qualified professionals to choose from. However, the reality is, working exclusively with a recruiter is far more effective and less risky.
Building a long-term relationship with a specialist recruitment agency that understands your company, talent needs, and culture paves the way to faster, more cost-effective hiring.
Here's everything you need to know about the benefits of pursuing an exclusive recruitment partnership for your business.
The Benefits of Exclusive Recruiter Partnerships
Vacancies across all industries are increasing exponentially as companies continue to evolve and talent becomes progressively scarcer.
Working with a specialist recruiter is one of the best ways to ensure you can accelerate your hiring process and find more of the right candidates. Creating an exclusive partnership with a recruiter means you can leverage the skills and expertise of a company committed to finding the right people for your roles.
Exclusive partnerships deliver:
Greater efficiency: Speed is crucial for finding employees in a skills-short marketplace. A single recruiter means you only have one agency; you must provide the details of your job description, employee value proposition and culture. Additionally, your exclusive recruiter will commit to giving your brand their full attention, making you more likely to receive several pre-vetted candidates quickly.
Better communication: As a business leader or hiring manager, you only have a limited amount of time to interact with recruiters. An exclusive recruiter gives you only one point of contact to worry about. You can build a rapport with your company over time and communicate more effectively about your needs and expectations.
More relevant candidates: Because the communication between you and your exclusive recruiter will be improved, it will be easier for you to convey what you need from each candidate. Your recruiter will learn about your company and your talent needs so that they can pinpoint the best professionals for your team. You'll have fewer irrelevant C.V.s/Resumes to work through and receive higher-quality submissions.
Time savings: Working with multiple recruiters requires a lot of additional work to manage. You'll need to sort through more applications, communicate with a higher number of people, and host more meetings. A single recruiter can commit to delivering excellent results with minimal demands on your time, so you can focus on growing your business and ensuring your existing team thrives.
Preserved branding: Working with different recruitment agencies could mean each company presents the key aspects of your employer brand and employee value proposition differently. This can damage your reputation over time, confusing potential candidates and making it harder to attract the needed talent. A single recruiter will ensure the message you send your would-be employees remains consistent.
The Importance of Trust and Long-Term Partnerships
Not only does working with an exclusive recruiter improve your chances of quickly finding relevant candidates for your roles, but it can also deliver several other crucial benefits. When you commit to working exclusively with a recruiter, you tell them you depend on their service to grow your brand and invest in their expertise completely.
In turn, your recruitment company will commit to delivering the results you need so that they can preserve the mutually-beneficial relationship for as long as possible. If your recruiter knows they're competing with other companies to deliver candidates to your business, they're less likely to prioritise your needs over other clients.
If you're working exclusively with a recruiter, they know they must consistently prove their value to your company. They'll spend more time planning, screening, and interviewing candidates to ensure you get the right results. They'll also dedicate more time to collaborating with you and understanding your company's requirements.
This long-term business relationship will deliver compounding benefits over time as your recruiter learns more about your company culture and discovers new ways to find the talent you need.
As a bonus, you'll be able to avoid having to reiterate your hiring process to different agencies constantly.
The Risks of Working with Multiple Recruitment Companies
While working with a recruitment company can be a fantastic way to improve your hiring process, interacting with too many recruiters at once can lead to several challenges. Not only do you miss out on the trusting, long-term relationship you get with an exclusive recruitment partner, but you could find yourself dealing with challenges such as:
Increased Time: You may also need to invest more time sorting through applications, as you could end up with duplicate applications from the same candidate delivered by different recruitment companies. Your disparate recruitment teams could waste time trying to screen the same employee twice, searching the same environments for passive and active candidates, and even posting your job descriptions on the same platforms and forums.
Miscommunication and confusion: Committing to a long-term relationship with an exclusive recruitment partner means collaborating consistently with the same team of professionals. Your recruitment team will work with you to understand exactly what you need from your candidates and how you want to portray your company and brand to potential employees. On the other hand, if you're working with multiple recruiters, there's a chance that each agency could perceive your business and employer brand differently. This could lead to confusion among candidates, who see a different image of your business presented by each recruiter.
Risk of lost candidates: While many business leaders assume working with multiple recruiters will give them access to more candidates, the opposite may be true. You may lose access to crucial talent because your recruitment teams are wasting too much time on duplicated efforts rather than delivering an exceptional candidate experience. Additionally, if your recruitment teams prioritise other companies over yours, they may present the same candidates to other employers due to the lack of an exclusive relationship. This could mean competing offers drive the right talent away from your team.
Choose Quality Over Quantity
Ultimately, using multiple recruiters to fill the gaps in your talent pool might seem like a good idea at first, but it can create a range of challenges. From wasted time and money to reduced access to top talent, multiple recruiters can complicate your hiring process.
Working with an exclusive recruiter is the best way to ensure you can find the right talent for your vacant roles, with excellent communication, mutual trust, and lower costs.
Partner with MYNEWJOB as your exclusive recruiter...
If you’re looking for an extra boost, the best strategy may be to start working with a recruitment company to expand your reach and unlock new opportunities. Working with a small business recruitment specialist like MYNEWJOB, can help you screen and assess candidates faster, so you can get the right talent quickly.
If you are looking to employ a new team member, and want help to streamline and improve your hiring processes - get in touch. We can help you recruit the high-performing individuals you need to grow your business. Give me a call on NZ+64 9 801 6635 or AU+61 2 7908 5388 or email me directly at karen@mynewjob.nz
We’re recruiting for you!
