Every single year there are businesses that will suffer severe losses because they fail to identify and properly handle the human resources aspect of their business. This is, unfortunately, something that people end up doing each year. Business owners would be wise to benefit from the hard work of temp agencies, staffing companies, job placement agencies, and recruiting agencies.
One fact that points to the success of human resources deal with the process of hiring employees and training employees. This stat revealed that all new hires that undergo a structured onboarding program are going to be 58% more likely to stay with the said company after a three-year span. So this is one of the ways in which a human resources program can really help a business succeed.
There are so many tips and tricks that can come from human resources departments like temp agencies. For instance, just about 93% of recruiters look at a candidate’s social media profile prior to hiring. If you are unaware of these kinds of tips, here are the facts on how temp agencies can help businesses succeed.
Temp Agencies Can Help Reduce Employee Turnover
When it comes to the operations of businesses from day to day. reducing risks and costs are important. Making money does not matter if you are then turning around and losing money on problems that can be handled in a simple and easy manner.
Over half of all organizations, just about 57%, view employee retention as a big problem. As a matter of fact, almost 46% of all human resources professionals have stated that employee retention is the number one concern that they have. This is because hiring employees is always done with the idea of keeping them long term. So this is why sometimes getting the help of temp agencies can do a lot for businesses.
Two more staggering statistics that point to the severity of losing employees involves money. The average cost of employee turnover can end up ranging between 30% to 150% of each employee’s salary. This means that a business will end up losing almost double of what an employee’s salary is if they are dealing with serious employee retention issues.
Every single year in the United States, there is $11 billion that is lost to employee turnover. If you need help with a short-term job or want to get temp employees for temp jobs, then you need to reach out to temp agencies. They can help business have access to hardworking and reliable employees that they will not have to worry about for more than a few months of half a year.
Temp Agencies Can Provide Reliable Workers
The prospect of hiring an employee and having them leave shortly thereafter is incredibly scary. There is a lot of money invested in hiring employees, training them, and then giving them all the tools they need. This is even more daunting when it involves 22% of all new hires leaving their jobs within 45 days of being hired. This is essentially a month and a half of work and that’s why money is lost on this issue.
Within the course of an average week, there are nearly 3 million people working for staffing companies on contracts for temporary jobs. That is a large number and often surprises people because they do not believe they will have great access to a large number of employees. So there is no doubt that temp agencies can seriously help businesses have access to the right type of short-term employees.
It is absolutely foolish for a business to continue to lose money on employees that abandon their jobs shortly after being hired. This is not good for anyone involved as the employee will be back looking for a new job and the business will be left to suffer. If you need to get help from temp agencies or temp staffing companies then find the right type of temp agencies to help you out!