It can be difficult to find quality director level employees today. Most director level employees are currently working in their desired fields and may be difficult to recruit to your company. It may prove difficult to find unemployed or laid off qualified candidates for these positions. If you simply post a job opening on a job search site, it is likely that you will get overwhelmed with all of the responses. Many of these applications will not be fully qualified and may not even be that interested in the position. They are simply applying to as many positions as possible. How does a company find quality director level candidates?
An outplacement services company provides businesses with HR consulting, executive level consulting and other director level skill matching services. It can be very pricey and time consuming to hire a director level employee. They have to be informed about the company, trained on their specific job duties and in the meantime, their positions duties are going unfulfilled. If the new candidate doesn?t stay at the position for very long, it can become a big problem continuing to fill it.
A recent survey by Robert Half showed that one-third (36%) of 1,400 executives surveyed felt that the top factor leading to a failed hire, aside from performance issues, is a poor skills match. The second most common reason (30%) was unclear performance objectives. Things like skills matching and clear job duties can be overlooked during the hiring process. The services of executive search firms provide businesses with an ease of hiring, but ensuring that all of these steps are completed during the hiring process.
An outplacement services company will thoroughly interview, test and match skills and inform the qualified candidate of their role and their expectations. The U.S. Department of Labor estimates that the average cost of a bad hiring decision can equal 30% of the first year?s potential earnings. This shows that hiring executive search consultants will not only save time and money from hiring costs, but that the human resource consultant will also keep earnings in within the company by preventing a bad hiring decision.
Additionally, new hires that undergo a structured on-boarding program are 58% more likely to be with the company after three years. The longer that an employee is with a company, the more that their position will pay off in the long run. They will become more experienced and will provide better results for the company. The company will also save money on not having to rehire or retrain a new candidate for their position. An outplacement company provides an extensive on-boarding program, ensuring that the new employee is fully trained and prepared for their position.
Finding, hiring and then training a new director level employee can be a hassle. It can cost a company time, resources and money. However, utilizing the services of an outplacement services company can make the entire process easier. They are qualified in interviewing, selecting and then on-boarding with director level employees. They will cut hiring and training costs for a company and will increase the chances that the employee will remain with the company for many years.
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