Aug 2, 2017 8:53:31 AM / by Amy Roesch & Cassandra Czech
“No company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve it.” – Jack Welch, former CEO of GE
As a busy executive, it’s no secret that you place tremendous value on your time and are strategic about delegating important projects to your team. However, when it comes to hiring, many CEO’s express concern. After all, it’s been estimated that most companies spend 2% of their time recruiting and 75% managing their recruiting mistakes. Can this trap be avoided? Possibly – high-performing companies spend 1.5 to 2 times more on leadership than other companies, and reap results that are triple or quadruple the levels of their competitors. These companies understand the importance of building a team of employees who share the same vision that they do.
Every employee you hire has the capacity to dramatically propel your company into greater success, slow it down, or put it into reverse. That’s why a recruitment agency can be of immense value to you. By utilizing the expertise of a quality recruiting company, you can be confident that your next hires will possess characteristics that coincide with and enhance your company’s culture and core values.
Finding the right talent will:
- Increase Revenue
Studies estimate that the financial impact of hiring a top performer is 10 – 100x the person’s compensation. Therefore, hiring a single top performer at $100,000 per annum salary has the potential for adding $1 million to $10 million to a company’s revenue every year that the new hire remains with the firm.
- Grow Market Share
Investopedia recently published an article about how companies can increase their market share through, innovation, strong customer relationships, smart hiring practices, and competitor acquisition. If you are looking to increase your market share, it is vital for you to be strategic about your hiring process.
So, what are these smart hiring practices? Surprisingly, interviews may not be one of them. A study done by Michigan State University discovered that interviews are only accurate predictors of future performance 14% of the time, even though they are used to make 90% of hiring decisions. That’s why top recruiters use scientifically proven approaches that incorporate creative, behavior-based questionnaires to acquire a comprehensive view of candidates and understand if they are indeed good fits for the jobs they are applying for. Through these methods, recruiters can secure you employees who achieve measurable results and grow market share.
- Improve Organizational Efficiencies
Did you know that only 18% of managers have the high talent they require to significantly improve the company’s performance? No wonder there is a war for talent going on. So how do you find this allusive team of people? With 60% of HR leadersspending their time on administrative and maintenance tasks rather than strategic tasks, it may be necessary to pull in extra help. After all, a good recruiter is able to devote 100% of their time to finding, vetting, and winning you top-producing employees who care about improving organizational efficiencies as much as you do.
During the past twenty years, Insight Talent Solutions has been honored to work with numerous organizations to secure them high quality candidates who achieve real results. Our candidates have returned the investment of our fee year after year and continue to stand out among their peers. For example:
- Paul, who we placed in 2008, is an Account Executive with one of Microsoft’s Partners of the year. When we spoke with him in January, he told us he just closed a 3.5-million-dollar deal which had exceeded his annual quota of 3 million.
- Traci, who we placed in 2014, is a VP of Marketing with a nationally recognized Surety firm. Since she’s implemented her marketing plans, the firm has realized double digit growth in Surety Bonds contracts. In addition, the President of the company has said on several occasions that Traci is the best hire the company has ever made.
- Robert was placed in 2016 as a Technical Integration Architect and has been instrumental in the success of building a strategic map for the technology vision of a major Health Insurance Company. Corporate Executives have told us he is now the benchmark for determining the characteristics of the ideal candidate for their IT Architects.
Utilizing the services that a highly reputable, local recruiting company offers can make a considerable difference in securing top producing employees that lead your company to even greater success. Call Insight Talent Solutions today and find out how we can help solve your hiring challenges!
Or contact Sandra at (262) 782-7255 – firstname.lastname@example.org