Often enough, staffing firms are at the mercy of their client’s own hiring process. A lengthy, sometimes frustrating, amount of time can be focused on minute details. However, in an ever-changing job market, and a candidate-driven one, these slow hiring processes can cause the employer to lose out on a qualified candidate to a competitor, and the staffing firm’s reputation can also be tarnished. In addition to protecting your entire operation with a Staffing Liability Insurance policy, heed the following advice for navigating a slow hiring process, and learn how you can play a role in protecting your brand’s image.
Not only does this build a deep network of professionals on which firms can quickly draw whenever a new opportunity arises, it also cuts down on a large portion of lower value recruitment tasks. These candidates will already be in the applicant database, they’ve already been interviewed, and there’s already a thorough understanding of their experience and career goals. An established relationship means the hard work of selling the benefits of the partnership is already done, and the first several steps of the typical hiring process are almost entirely eliminated, states Easy Backgrounds.
You can eliminate frustration with your candidates during a slow hiring process by being transparent, providing frequent updates, and opening the lines of communication. The last thing you want is for a candidate to feel cheated out of an opportunity, or miss out on another opportunity while waiting around for your client to make a decision.
Costs associated with new hires can escalate significantly without your clients even realizing it. From advertising, hiring recruiters, and the burden of other employees picking up the slack from the vacant position, your clients are spending more and more money as each day passes.
Lastly, as a staffing firm, you can remind your clients that an exponentially slower hiring process doesn’t equate to securing top talent. Remember, it’s a candidate-driven market, and chances are their top picks are receiving multiple offers.
About World Wide
For the last 50 years, World Wide Specialty Programs has dedicated itself to providing the optimal products and solutions for the staffing industry. As the only insurance firm to be an ASA commercial liability partner, we are committed to that partnership and committed to using our knowledge of the industry to provide staffing firms with the best possible coverage. For more information about Staffing Professional Liability Insurance or any other coverage we have available to protect your staffing business, give us a call at (800) 245-9653 to speak with one of our representatives.