How Finance and Accounting Staffing Agencies Help You Hire Top Talent Quickly
When you need to add financial or accounting professionals, speed generally matters. It becomes especially critical during tax season or other busy periods throughout the year. Using an internal staffing process provides one option, but expect a time-consuming process fraught with risk. Making a hiring mistake only results in wasted expenses and having to repeat the failed effort yet again.
In this challenging scenario, partnering with a finance and accounting staffing agency needs to be considered. These organizations leverage state-of-the-art technology and well-honed processes to greatly reduce the time-to-hire for their clients. It offers a faster and more cost-effective approach compared to an internal staffing process. Let’s take a closer look at the details to help you make an informed decision on this strategy.
The Challenges of Hiring Finance and Accounting Talent on Your Own
Understanding the difficulties of finding talent with your overworked HR team highlights the benefits of an alternate approach. A rigorous staffing process remains a critical piece of ensuring a great hire. This includes everything from analyzing résumés to checking the references of your top candidates. The inability to manage these tasks effectively and efficiently increases your time-to-hire and the risks of a hiring mistake.
Time-Intensive Process: Once again, any thorough and effective internal staffing process simply takes a lot of time. This includes tasks like writing job descriptions, advertising the position, screening résumés, interviewing candidates, and checking references. Receiving over 100 applicants for an open position overburdens the capabilities of any small HR team. Expect a longer time-to-hire because of this situation.
Competition for Top Talent: Of course, the demand for talented financial and accounting professionals remains high. In a competitive job market, your business needs to stand out from the pack to successfully make that hire. Remember, the top candidates only stay available for a few weeks at the most. As a result, you need a fast staffing process to hire the best and brightest.
Skill-Specific Requirements: When you need a unicorn candidate with specific expertise, finding one becomes even more difficult. This includes candidates with certain specialized skills, such as tax law or financial analysis. Having your internal HR team source these candidates also results in a slower-than-expected hiring effort.
How Finance and Accounting Staffing Agencies Streamline the Hiring Process
Now, let’s examine the various ways a financial staffing agency makes staffing more efficient and effective. For example, experienced agencies have a large candidate pools filled with qualified candidates ready to join your team. Additionally, the efficient processes discussed earlier also improve the velocity of their staffing efforts. In short, partnering with a staffing services provider with the right expertise makes a difference!
Access to Pre-Screened Candidates: When searching for a staffing agency as a partner, be sure to choose one with relevant experience placing finance and accounting candidates. An experienced firm maintains a large candidate pool filled with pre-vetted professionals. Simply stated, this benefit greatly reduces your company’s time-to-hire.
Faster Time-to-Hire: Another factor in providing clients a faster time-to-hire involves well-honed processes for finding talent. They leverage established professional networks for financial professionals. At the same time, they also benefit from modern applicant tracking systems (ATS) powered by AI. These software tools automate a variety of time-consuming tasks, including résumé analysis and candidate matching.
Industry Expertise: You want a staffing agency with experienced recruiters that understand the skills and expertise possessed by exceptional financial professionals. This provides another reason why veteran financial and accounting staffing services reduce your time-to-hire. They quickly recognize the best candidates for your open position, streamlining the entire hiring process.
The Benefits of Using a Finance and Accounting Staffing Agency for Talent Acquisition
Understanding the myriad benefits offered by a staffing agency partnership informs your decision on adopting this hiring strategy. Use this information to better differentiate between the potential financial staffing services you vet. Ask pointed questions about these services when meeting with representatives of the agencies on your shortlist.
Customized Hiring Solutions: Having a bespoke recruiting strategy tailored to meet your company’s specific needs ensures you hire the right candidates. Whether you need a quick influx of accountants for tax season or a permanent hire, a staffing agency helps. Additionally, expect your agency partner to understand your company culture, improving candidate fit. Notably, cultural fit plays a key role in employee retention over time.
Access to Passive Candidates: A staffing agency with a strong talent network provides access to exceptional passive candidates, not actively looking for work. This provides another critical benefit of partnering with an agency with a large candidate pool. Expect the chance to hire those best of breed financial professionals that make a positive impact on your business. Finding these candidates with an internal staffing process remains nearly impossible!
Efficient Screening and Interviewing: As noted earlier, the best financial staffing agencies boast highly-efficient processes for screening candidates. This includes AI-powered ATS tools that automate résumé analysis and initial applicant communication. Agencies handle the time-consuming candidate screening process, letting you focus on your business operations.
How Staffing Agencies Ensure Quality Candidates
Reducing your time-to-hire remains one important reason for partnering with a financial staffing agency. However, these partnerships also greatly lower the risk of a hiring mistake. Once again, hiring the wrong candidate causes all the resources spent on that staffing process to become sunk costs.
Skill and Background Verification: Trust that your staffing agency partner conducts a thorough screening process vetting each candidates’ skills and experience. This effort includes a background check as well as contacting each reference to verify the candidate’s professional history. As a result, you onboard someone with the promised expertise, able to make a positive impact on your organization.
Specialized Recruiting Teams: We previously mentioned how recruiters experienced with financial and accounting candidates make a difference in hiring great candidates. They understand the hottest skills and expertise in this business sector, helping them identify exceptional professionals for your organization. Veteran financial recruiters helping your staffing efforts ultimately results in hiring a higher quality professional.
Temporary-to-Permanent Solutions: Another strategy for reducing the risk of a hiring mistake involves leveraging temp-to-hire employment models. In this scenario, you onboard a financial candidate on a temporary contract for a specific period. This approach lets you see how they perform and interact with the rest of your team. If they stand out as a top-shelf financial professional, simply extend them a permanent offer.
Why Partnering with a Finance and Accounting Staffing Agency is the Smart Choice
Now, let’s reexamine why a financial staffing agency partnership remains the right solution for your business for multiple reasons. Remember, these myriad benefits especially matter when compared to engaging a risky internal staffing process. Any failed staffing effort results in wasted expenses with little to no operational improvements to your business. Working with an experienced staffing services provider ultimately provides the means for outsourcing your entire talent acquisition processes.
Reduced Time-to-Hire: Once again, experienced staffing agencies boast large candidate pools as well as modern and efficient hiring processes. As a result, your business enjoys a greatly reduced time-to-hire when adding permanent employees and financial contractors. Agencies expedite the hiring process, ensuring you have the right talent in place quickly.
Improved Hiring Efficiency: Outsourcing your staffing process to experts results in a much more efficient approach. Reducing the risk of a hiring mistake definitely helps. Additionally, a faster time-to-hire ensures your company’s productivity stays high without a skills gap hampering your operational efficiency. At the same time, you simply focus on running your own business instead of vetting résumés and checking references. What’s not to like?
Long-Term Cost Savings: Forging a long-lasting relationship with a financial staffing agency provides significant cost savings over time. You avoid any lengthy talent gaps that cause inefficient operations and low productivity. Additionally, you steer clear of those costly hiring mistakes resulting in wasted time and expenses. Expect a healthier balance sheet as a result!
Finding Top Finance and Accounting Talent Faster with Staffing Agencies
In the end, a finance and accounting staffing agency simply provides a more effective and much faster hiring process. Experienced agencies have a robust supply of talented financial professionals ready to join your team. You might need to add a few accountants on temporary contracts for tax season. In another case, using the temp-to-hire approach lets you actually vet a candidate in-house interacting with your current employees.
An agency that truly understands your company culture ensures you hire candidates with the right cultural fit. This improves your chances of retaining them over time, helping you save additional expenses in the long run. A financial staffing agency partnership remains a wise strategy for any business needing talented finance and accounting professionals.
Partner with RPC Staffing today!
When searching for an exceptional financial staffing agency, contact the expert professionals at RPC Staffing. As one of the top providers of finance and accounting talent, we can help your business achieve higher levels of success. Schedule some time with us to discuss your current and future hiring needs.