HOW TO MINIMIZE RECRUITMENT COSTING IN THE TIMES OF COVID CRISIS?
Updated: Aug 14
COVID-19 has impacted the world in multiple ways, especially businesses. Everything seems to stand still, where nothing moves to interrupt the business as usual. Recruitment is also no exception as organizations are still trying to find ways and means to run their operations. Undoubtedly you need the workforce to work efficiently and effectively but how as an organization or business you plan and respond to this unprecedented and challenging pandemic will define the future relationship and business profitability.
Jeff Bezos statement stands very true in this scenario, “What we need to do is always lean into the future; when the world changes around you and when it changes against you – what used to be a tail wind is now a head wind – you have to lean into that and figure out what to do because complaining isn’t a strategy.” (Follow him on Instagram @jeffbezos)
One of the vital factors that can play an integral role in hiring or recruitment process is the cost as it is very high, which you as a business owner wants to squeeze as much as possible. Taking help from the placement agency in Singapore will not be a viable solution in this corona pandemic as it will not serve the requisite purpose of cost-saving in your recruitment process.
Why Recruitment Agency Is Not Viable a Solution?
We know the recruitment process is a perpetual, costly, and excruciating experience, especially during the COVID-19 crisis. Requiring the right means, tools, and methods, many organizations consider opting for the services of recruiting job agency in Singapore as their only option.
But this may not be the case as instead of supporting companies to recruit skilled talent quicker, such placement agencies may take even prolonged to fill up vacant positions. And the fact that they are working for multiple clients at the same time can't be ignored.
And the other factor is the cost, which is very high. Either you go for a fixed contract or for individual recruitment case; the cost involved will be very high. And in this crisis time, the cost may get doubled, which no organization wants.
Then What’s the Cost-effective Solution?
Freelance Recruiter, yes this is the utmost measurable cost-effective solution that works and fits well in this testing time. As we said, every company is facing financial challenges and finding the means to minimize the operational cost. But the need for employees is there, and if the recruitment cost can be minimized without affecting the quality of the recruitment process, then wouldn’t it be great.
It’s imperative to keep in mind that having a freelance recruiter means you are no more responsible for repaying a menagerie of perks on behalf of your permanent recruiter such as health insurance, medicare, social security, retirement benefits, etc..
Freelancer recruiters work remotely and are decked with modern home offices that easily cut down the cost of office space in the organization. Thus, savings is the prime factor to go with a freelance recruiter as a headhunter in Singapore.
But there exists more benefits too, like...
Flexibility & Special Expertise - Freelance recruiters are easily reachable at exceptionally short intimation to meet the sudden request. Additionally, they are experts in their respective fields and can offer a service that honestly neither a permanent employee nor a job agency in Singapore can provide.
Reduced Risk - Freelancer recruiters are not technically employees exceedingly reduces the risk that may be incurred by your organization. Because they can't obtain unemployment insurance and it is relatively very easy to terminate their job or contract if performance is not up to the mark or expected as per the required specifications.
Less Administration & Fewer Responsibilities - Freelancer recruiters don't require the supervision as they work independently and represent themselves as an individual. They have already completed hundreds of thousands of job gigs beforehand, and know-how to address a project intelligently and swiftly with little hand-holding, after all, their living depends on it.