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Have you ever wondered about what it takes to make your business successful?
What is the first and the most crucial thing an organization requires to climb up the ladder of success?
Finding the right and suitable candidates for your organization is the first and foremost step to achieve your goals. However, getting the right candidate becomes difficult for most companies. This is where the staffing firms dive in and help you with your requirement of seeking the right candidates for the various job positions for your company.
Staffing Firms? What is it?
Also known as Staffing Agencies or Recruiting Agencies, these firms have been gaining immense popularity over the last decade. Staffing Agencies act as an intermediary between the companies looking for candidates and the candidates seeking jobs.
They help in fulfilling the requirement for hiring for any company. This is done based on the skill sets needed for a specific job. It bridges the gaps between the company’s requirement for right and qualified employees and job seekers looking for a concerned job profile. However, these agencies can be permanent or temporary. This means, it can help candidates in getting permanent or temporary jobs.
The USA is one of the major markets in the recruitment and staffing market. Numerous Staffing Agencies in USA have grown over the past two decades and have spread across the world in other major countries like India, Japan, etc.
How does Staffing Agencies Work?
Staffing Agencies have been blooming and have witnessed a high surge since the last 10 years and more. Various companies hire these agencies for helping them hold on to the right candidates. In a way, they take care of the recruitment process of such candidates based on the skills and hire them as the employees.
The candidates apply to the concerned jobs in the different companies through these staffing firms or connect them for jobs. The recruitment agency then helps them in taking an interview and places them accordingly in a given company. The staffing agency pays the candidates. These candidates then receive the salary directly from them through which they had landed the job.
What are the Types of Services offered by Staffing Agencies?
- Contingency Firms:
Contingency Firms are a type of staffing agencies. A company seeks a candidate for a vacant position and helps in finding the ideal candidate. The payment made to the firm is a percentage of the candidate’s initial salary. Added to it, a fee refund is initiated when the work time period is not completed by the candidate.
2. Contract Recruiting:
Often companies that need to recruit a huge number of employees may opt for a contract recruiter. The staffing agencies also offer such services. These type of agencies help in finding a candidate from the field of human resources. The professional recruiter hired for the company would work for the company and help in recruiting the employees. Both the contract recruiter as well as the staffing agency are paid per hour.
3.Temporary Firms
Temporary Firms offer temporary services which help companies in getting suitable candidates for a temporary period of time. Often, certain companies do not want permanent employees and hence opt for temporary candidates to hire. Recruiting temporary employees is flexible and also helps in better talent acquisition. As a result, most companies prefer to recruit temporary agencies.
4. Managed Services
A lot of companies opt for Managed services. This is mainly done for outsourcing an entire department or a functional area. For an instance, a company wants to hire employees for a particular department like BPO. At the same time, it doesn’t want to maintain it continuously as a part of the company. Hence, they hire this kind of managed service of a particular domain from the staffing agencies which have experiences in managing the concerned area.
5.Temporary to Hire Services
Temporary to Hire services is popularly called Temporary to Permanent. The name itself denotes what it stands for. A lot of companies prefer to recruit employees temporarily. Later, they hire them as permanent employees based on their work during the span as a temporary candidate. Certain Staffing firms offer this kind of service of Temp to permanent. The advantage of this is that the recruiting company can evaluate the candidate hired as a temporary employee during the course. They can then decide if the permanent position is worth it or not.
Advantages of seeking Staffing Agencies
Wondering why would you seek staffing agencies to get a job?
There are several advantages of opting for a recruitment firm that can help you get placed in a company.
Well, the perks of taking the assistance of a staffing firm to get a job in a company are numerous.
Let’s check some of the major benefits that you can get from the Staffing Companies in USA as a job seeker.
- Free Assistance- As a job seeker, you do not have to pay any amount to the agency for helping out to get placed. The agency’s clients are the companies who pay it for finding them the ideal candidate for a specific job profile. Hence, You get job assistance from the staffing agency for free.
- Different Industries: Another benefit of seeking an agency for job purposes is its specialization in the various industries. They have access to various companies from different industrial sectors. These companies are looking for the right candidates to meet their job designation. As a result, these agencies have access to numerous industrial job vacancies. They can also help you to get a job from any of them as per your skills and knowledge.
- Job searching Expertise: The agencies help you to get a job based on your skills and interests. It would help you find a job which would also fit you in. Their expertise in the field of jobs often makes them aware of certain vacancies that might not be available to others.
- Increased hiring speed and quality: When you register yourself to that of an agency, the hiring chances get fast. The process tends to be smoothly organized and fast-paced and the quality of hiring is much better
- Provides Feedback: Added with the assistance that this recruitment agencies offer during the entire job process, they also offer feedback for your job applications. At times, they help you by providing tips on how to make your resume interesting or other tips so that you are able to land the job offer. This feedback helps you to develop accordingly and prepare for the industry as per market requirements.
Market Scenario of Staffing Agencies in the USA
The net worth of the USA recruitment and staffing market is around $19 billion. The staffing industry has witnessed a high surge over the past few decades not only in the United States but also worldwide. The 2018 recruitment industry was an eventful year. As a result, 2019 was expected to see major growth and latest trends in the industry of recruitment. One of the major issues faced by this industry was the lack of qualified and ideal candidates for various job roles and positions. Certain trends were expected to get into the industry and enhance the recruitment market in a better way.
- Modern technology, advanced IT industry, and increased revenue investment drive the USA Staffing market.
- The USA millennial are creating gender equality in the recruitment industry with women around 46% women against men of 54%. This implies the importance provided to the present millennial regard to gender roles in the current work environment.
- Both in 2018 and 2019, the major challenge of the staffing industry of the United States was to seek and retain qualified and ideal candidates for the different companies.
- Ever since the Great Recession ended in 2009, the recruitment industry of the USA has been growing at a double rate.
The Present Market Scenario of the Recruitment Industry Post COVID.
Since the corona virus had hit the countries worldwide, the entire scenario of the job sector has seen irreversible changes almost overnight. Some sectors have witnessed a decrease in the hiring requirements. While, some other sectors have been experiencing surging numbers of recruitment. Hence, the entire hiring needs of the job market have been going through a different scenario.
The United States leading in the recruitment sector is no different in this. Nearly 3 million people do both temporary and contractual work for the Staffing agencies in the USA in a week. Although unemployment has been on rise, the recruitment market has been holding back with the situation with virtual hiring, remote interviews and on-boarding and digital recruitment. Some of the companies have had to make minor changes in the hiring process while others had to bring complete modification to adjust top the new normal ways.
The recruitment market was expected to witness a strategic increase. However, the Covid-19 situation has limited its growth to a certain extent. However, the companies at large are almost reassessing the recruitment process. Some of them had stopped recruiting but with the unlocking session, things have started going in a positive direction.
Conclusion –
The corona-virus pandemic has hindered the growth of the recruitment and staffing sector and business of the employment agencies of the USA and other parts of the world. In order to get back to the usual form of growth, the sector needs to reevaluate and reorganize its strategies accordingly. Covid 19 has transformed the entire situation of hiring and recruitment. With the coming years, remote working will see a steady growth and the globalization of the job market. Hence, being a job seeker, opting for staffing firms to get a job, either temporary, contractual or permanent is a good idea. Always!
