How much does a recruiter cost? Not as much as hiring an employee on your own. According to the Society for Human Resource Management, the average cost of hiring a single employee is $4,700. Given the historically high turnover rate in the hospitality industry, you could face steep expenses. Here are some of the ways a recruiter can save you money.
Why Is Recruiting Important?
First, what is recruiting, and why is it important for the hospitality industry? A professional recruiter is a third-party company that can identify potential job candidates and conduct the initial screening so you have your pick of top job prospects.
Recruiting is important for business owners since these outside firms will have the time, resources, and industry knowledge to select the right candidates. As a result, businesses can avoid the cost of bad hires and connect to talent that fits both their needs and the company culture.
Common Sources of Recruiter Cost Savings
A recruiting agency can save your business money. How much does a recruiter cost? While the exact price varies by industry niche and the scope of the search, recruiters typically bring a solid ROI by saving your company money. Here are some common ways that recruiters bring cost savings to hospitality businesses.
No Need for an Ad Campaign
Today’s businesses have to commit to an entire recruitment marketing strategy to entice prospective applicants. But creating quality web content takes time — and money. A recruiting agency already has the resources to conduct an effective search, eliminating the costs of starting a recruiting campaign from scratch.
Save Time
Business leaders often lack the time to devote to a lengthy hiring process. After all, it takes time to connect with the right personnel. That’s why many recruiting agencies rely on an extensive network of available talent.
This ensures that the hiring process is swift and smooth. Managers can still be involved in the hiring process without losing focus on the revenue-generating aspects of their core business.
Fill Essential Positions Fast
If you lose an essential member of your staff (such as a lead chef or front desk associate), you could be losing money until you find a suitable replacement. Outside recruiting agencies have both the resources and the network to pinpoint key personnel, allowing you to hire for key roles quickly so you can maintain your business.
Reduce Staff Turnover
Prolonged vacancies can impact the morale of your other team members. That’s partly because your existing staff may feel forced to “cover” for the vacant position.
The longer it takes to fill this position, the greater your chances of your employees searching for jobs elsewhere — which only adds to your problems. By hiring quickly, an outside recruiting firm can keep your other employees engaged and minimize additional turnover.
Lower Training Demands
When hiring new employees, you’ll need to provide training to bring them up to speed. But an external recruiting firm can tap into a network of candidates, giving you a greater chance of attracting applicants who already have industry experience.
This reduces the need to train new staff. It also enables your new hires to hit the ground running in their new environment.
Bottom Line: Should I Hire a Recruiter for My Business?
If you work in the hospitality industry, a recruiter can be a strategic asset. These agencies do more than just keep costs low. They also provide you with quality workers who can keep your business moving forward. This is especially important in a competitive market or during an era of rising overhead costs.
Discover how a recruiter can help you maintain your staff. Contact One Haus today, and we’ll discuss how we can keep your company staffed and your guests satisfied.