No matter what your small business does, you need employees to do it.
The only problem is, people have plans of their own and those plans aren’t always going to involve working for your company. Whether your employees have dreams of starting their own company or sailing around the world, there will come a time when your company’s do-ers, movers, shakers and makers all take the next step in their career.
When that day comes, your company, which was just running so smoothly, may be limping along until you fill that strategic or operations critical role.
The only problem is, it’s getting harder and harder to fill jobs, especially if you’re interested in hiring someone who is considered “Top Talent.” According to iCIMS’ U.S. Hiring Trends Q4 2015 Report, it took businesses an average of 44 days to make a hire in 2015 and small companies took 20% longer to make a hire.
America Runs on Small Business
Small may be in the name, but small businesses play a big part in this country’s economy. Even though many small businesses are having trouble attracting “Top Talent,” they still account for most of the business that is done in this country.
Here are some quick facts to put the role of small businesses into perspective:
- The 28 million small businesses in America account for 54% of all U.S. sales.
- Small businesses provide 55% of all jobs and 66% of all net new jobs since the 1970s.
- The 600,000 plus franchised small businesses in the U.S. account for 40% of all retail sales and provide jobs for some 8 million people.
- The small business sector in America occupies 30-50% of all commercial space, an estimated 20-34 billion square feet.
Even if you aren’t impressed with the square footage, there’s no denying that America runs on small business!
That being said, many small businesses still have trouble attracting talent to their companies. While Google has over 2 million applicants per-year, lesser known companies can struggle to attract the star-level talent that every company needs in order to succeed.
But, just because you aren’t an industry giant doesn’t mean you can’t beat out major brands for talent.
Small Businesses (Should) Run on RPO
When you need to fill an important job, yesterday, there are a few hiring solutions that we’re all pretty used to turning to. We’re also pretty used to the problems that come with these solutions.
Hiring full time recruiters is one option for finding the level of talent that your small business needs, but this hiring solution comes with a high fixed cost, which is not what you want. You can also try hiring a few contract recruiters, but this sort of stop-gap solution will have you re-hiring before you know it. You can even try Search firms, but they can be more expensive than hiring a team of contract recruiters.
Enter RPO, Recruitment Process Outsourcing, the perfect hiring solution for small businesses that want to hire like industry leaders. More than just customers, we believe in creating RPO partnerships with our clients. The role of an RPO is to act on behalf of their acting on their behalf to find the right hires for their needs.
- Control and Security of an internal team of recruiters, but without the high, fixed cost.
- Experience of recruiting experts who understand your company and the kind of hires you need.
- The Results of an RPO partnership for most customers is a faster time to hire, increased candidate quality and reduced cost per hire.
Basically, we’re here to put out the fire that’s been burning where your great hire should be. Reliable, repeatable and completely scalable to your hiring needs, Recruitment Process Outsourcing is the perfect solution to compliment companies of any size.
We’re here for you when you need it and we’ll always be ready for the next time you need help with your hiring!