Hiring a Recruiting Firm Can Actually Save You Money!

Hiring a Recruiting Firm Can Actually Save You Money!!!!

 

Excited business owner

 

If you’re a small business owner, franchisee, or hiring manager you might question if you need an outside recruiting resource to fill your job vacancies or expand your talent pool. 

 

Working with a recruiting firm like Patrice & Associates can save you time and money and reduce your cost per hire in several ways:

Access to Talent Networks:  As a recruiting firm we have access to extensive networks and a database of qualified candidates, including those who may not be actively looking for a job.   This can reduce the time and resources needed to source and attract top-tier talent even in the executive area.

Access to Passive Candidates:  Many qualified candidates, especially those in management, executive and high demand fields are not actively searching for jobs.   We have the resources and expertise to identify and engage these passive candidates, reducing the reliance on job ads to attract talent.

Reduced Advertising Costs:  Recruiting firms often have agreements with job boards and other advertising platforms, allowing them to secure discounts on job postings.  This means that you may not need to advertise, thereby reducing your advertising costs.

Time Savings: Posting job ads on multiple platforms and managing responses can be time consuming and take you away from revenue producing activities or other human capital management priorities.  By outsourcing this to a recruiter, you save valuable time that can be better spent on these key activities.

Recued Turnover:  Hiring the wrong person can be costly in terms of rehiring expenses, and lost productivity.  We strive to find candidates who are not only qualified but also a good long-term fit for your organization, helping to reduce turnover and its associated costs.

Performance Based Guarantee:    At Patrice & Associates we offer a one-time, complimentary replacement guarantee.  This means that we will replace a candidate in the rare occurrence that the first placement was not successful.  For this reason alone, it’s worth hiring a recruiter especially if you are in a high turnover business.

Market Insights:   We stay on top of up-to-date market trends, salary benchmarks, and competitor activity.  Leveraging our insights can help you make more informed hiring decisions and stay competitive in attracting top talent.

 

Avoid Lost Revenue Cost of Extended Vacancies: This can hurt your business in so many ways.  The duration for which the position remains unfilled can be costly in terms of lost revenue.   Consider this metric:   The cost of vacancy on unfilled positions measures the financial impact that occurs when a position within an organization remains vacant for a certain period.

 

Cost of Vacancy Formula= (Revenue Generated per Employee X Number of Employees) X       Time Vacant  Total Workdays in a Year

 

Revenue Generated per Employee: This could be the average revenue generated by each employee in the position that’s vacant. It varies depending on the role and industry.

Number of Employees: the total number of employees in the unit, organization, or specifically in the department affected by the vacancy.

Time Vacant: The duration for which the position remains unfilled. This could be measured in days, weeks or months.

Total Workdays in a year: The number of workdays in a typical year. This accounts for weekends, holidays and other non-working days.

Why is this important? In any business, this can mean less new clients, or customers that can’t be serviced. There is a direct link to lost revenue. For small business this can be catastrophic.

This means lost revenue every day the position is vacant.

  • Finding the right recruiter is critical.  As an employer, you’ll benefit from having a dedicated Patrice & Associates Pro who understands your needs.
  • We’ll discreetly find your next GREAT team member, even those who aren’t actively searching for jobs.
  • Patrice & Associates is known for its high-quality candidates and collaborative approach to executive searches.
  • We’ll save you time and money!

It’s time to contact Patrice & Associates today!

 

Back

Duke Witte absolutely was amazing! 

I am writing to express my sincere gratitude to Duke Witte for his assistance in finding me a new job in the hospitality industry. I was disgruntled with my previous job, and I was feeling very discouraged about my prospects. I had been working in the restaurant industry for many years, and I had a lot of experience and skills, but I was having a hard time finding a better opportunity.

I was contacted via LinkedIn by Duke, and thank goodness I was.  Mr. Witte was incredibly helpful and supportive throughout the entire process. He took the time to understand my skills and experience, and worked tirelessly to find me a job that was a good fit.

Duke was also very honest and upfront with me about the job market. He didn't sugarcoat things, but also didn't give up on me. He kept me motivated and encouraged, and never gave up on finding me a job that I would love.

I am so grateful to Duke Witte and his team for their help. I am now happily employed, and I am so happy that I was able to find a job that I love. I would highly recommend him to anyone who is looking for a job in the restaurant industry. He is a true professional, and is dedicated to helping his clients find the perfect job!

Thank you again for everything!

Nick Grubbs

Working with Chris Bovio made job searching so much easier! 

Not only was he available and involved in my search, but also knowledgeable regarding the position. Chris used his industry experience and recruiting network to find the best position for me and my skill set. My only regret is that my new job is so perfect for me that I won’t need to use Chris or Patrice & Associates later.

Thanks,

Nick Guarino

Michael Greig was absolutely fantastic in every way! 

He gave me options and suggestions & eventually found a great for me. Communication was easy and he went above & beyond. Also, he seems like an all around good dude. Thanks again Michael. Solid work out there. You’re hired :)

Nic Callahan

Bryan Curtis was fantastic to work with!

Bryan was very on top of things throughout my recruiting process to the engineering firm I accepted my position with.  I responded to his LinkedIn posting and heard back from him within 24 hours. He continually spoke with me throughout the process checking in regularly and answering all my questions. Bryan was instrumental in helping me find a great job.

Thanks!

Austin

Frank Rondeau was a really big help! 

When it came to helping me find my new job, he knocked it out of the park!  He was very honest and thorough throughout the entire process. We had multiple conversations along the way and he always checked in after interviews. Frank was amazing to work with, and I'm super excited to start my new journey thanks to him.       

Many Thanks,

Chyanne

Read More Testimonials