People often have strange ideas about startups. They feel that it is something out-of-the-world where there is no room for the conventional thinking process. Yes, the startups are certainly different than others, but they are also required to follow some of the conventional concepts while defining the operational framework.
Imagine a situation where you are the entrepreneur. You want to launch a startup venture which is based on some offbeat concept. In spite of it, you must follow some of the conventional concepts such as keeping the HR function in the organization. Team HR in your company will manage everything about the human resources. Apart from it, the team will ensure process and compliance.
What if you don’t have HR in the organization?
When people tend to avoid HR just to do something different without any rationale, the result is not pleasing either. Apart from the challenges of managing the workforce, there will be a plethora of problems.
- The rapid growth of workforce becomes a challenge since there are no processes and procedures. Since the HR function is non-existent, you don’t have anybody to take ownership of it.
- Studies say that companies that ignore the HR function (or fail to take it seriously) are very likely to falter within five years of their life. If you look at the reasons behind their failure, then ignoring HR is amongst the top three.
However, you may take the decision of not having an in-house HR function initially. It may be a stop gap arrangement till you establish in the market. In such a situation, you should seek help from a recruitment firm.
How does a recruitment firm add value?
You are relieved from the hassles of recruitment process
If you decide to keep the HR function lean and thin, then it is a big challenge to manage the recruitment process effectively. You need to read hundreds of the application forms and arrange them in the order of experience. Whether you follow the conventional method of paper-based scrutiny or read the soft version on the computer screen, the task is equally cumbersome.
When the recruitment firm does it for you, the task becomes manageable and simple. Since you get only selected profiles matching to the requirement specifications given by you, the time and efforts put by the HR team are saved.
The benefit of connections
Whether you are a startup company or an established business house, you need to hire people for top levels. It is impossible to hire them without a strong network of connections because profiles of senior people do not get float openly. You need to approach them through some link.
When you hire a recruitment firm, you can connect to the people who are looking for better career prospects. Because of the intricate networking, recruitment firms are in a better position than the in-house HR team to find out profiles of senior people.
Interview process becomes handy
In spite of so many advancements in the recruitment process, the importance of personal interaction is unbeaten. The success rate of the interview process is measured by the quality of candidates hired. Remember, professional recruitment firms know the tricks of identifying superior candidates.
However, it is very much important to brief the recruitment agency about the organizational fit and the organizational culture. Even a good agency delivers a mediocre job if the requirement is not explained well. You should search people who gel with the vision, mission, and ethos of your company.
You are a startup company and not a brand that will attract great talent
Every big organization has a brand value that attracts the best people in the market. When you are a startup company, you don’t have a brand identity. Imagine yourself in the shoes of the candidate, and you will realize it. When a recruitment firm talks to people on your behalf, it places the job profile in a systematic and impressive manner. Thus, you have brighter chances of hiring good quality talent.
Nowadays, everyone explores the online world for assessing the quality and reliability of the employer. When candidates approach the recruitment firm through social media or read about the company profile and job details; they get better convinced. It is impossible when you do it in-house.
Experts say that the benefits achieved by hiring expert recruitment company compensate the expenses incurred in hiring them. Hence, it is a profitable business proposition.
Tap the prospective talents only
When the top and bottom lines are stretched because of cost pressures, you should spend every penny wisely. Studies say that in the conventional method of recruitment, a large percentage of resources gets wasted in tapping the applicants (who may not be interested in joining or not suitable to your needs) and not the prospective talents. Thus, you spend a sizeable time in scrutinizing, matching and assessing the candidates. The efforts go waste.
When you assign the task to a recruitment agency, it uses a profound process that filters out unwanted or unmatched candidates. You talk to a prospective employee who is looking for a change. A pre-selection criterion saves great efforts.
Last, but not the least; you save cost as well!
Undoubtedly, hiring a recruitment firm is cost-effective than managing the task of recruitment in-house. Having said it, you need a profound team of HR officials to monitor it. Also, you are supposed to allocate considerable budget initially, it pays off in the long run, though.
Since all of the tasks related to recruitment are managed by an expert, your in-house team gets a lot of productive time for other important stuff. The mundane task of hiring people can be managed by the recruitment firm effectively. It possesses a team of HR experts who can scrutinize and shortlist candidates effectively.
You have a plethora of critical things to do when you launch a startup organization. Don’t waste your valuable time and energy in the recruitment process. Hire a service provider who takes care of everything well.