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Consider the Recruiter, and Whether It Makes Sense with Your Next Job Hire
Published on Jan 31, 2013
Read 'Consider the Recruiter, and Whether It Makes Sense with Your Next Job Hire' at 'Time to Start Up,' the small business blog by BizFilings.
One of the biggest hire for any small company is the first one. Another watershed moment is when a small company hires its first c-level executive. In either case, the entrepreneur must decide whether to procure the services of a recruiter.
Obviously, there are many considerations in deciding whether to go that route. Here are some indications you should consider hiring a recruiter.
Position, Position, Position
Clearly, the aforementioned scenarios are big hires in the growth of a company, ones you don’t want to make a mistake with. So if your first hire is a senior sales professional, or you are looking to turn over your business to a competent chief operating officer, then the consideration of a recruiter is a must.
The Labor Market Is Tight
If you are based in the Silicon Valley, New York City or Austin, to name a few, the unemployment rate is far below the national norm. This is true for a broader spectrum of positions, then would be the case in other markets. For example, the research firm Manpower recently predicted that a quarter of companies in the Austin area said they plan to hire more employees in the first three months.
You Haven’t Hired Senior-Level People Before
It goes without saying that most entrepreneurs are only modestly experienced at hiring senior professionals, such as CFOs. They’re not sure what the market will bear in terms of salary range. They also may not be up to speed on the fast-changing laws that pertain to interviews and hiring. While a recruiter is not a human resources director, they will typically have much more expertise in these areas than an entrepreneur will.
The Hiring Must Be Kept Confidential
If you have a small business with a handful of employees, some of those workers undoubtedly harbor grand ambitions to advance in your company. Making your job opening public could create friction that ultimately leads to the departure of a valuable employee. Second, you may not want to risk your customers, partners or competitors knowing some of the intimate details that get publicized in a job description.
Freedom to Negotiate
Capital is precious at a small company. A recruiter can serve as a buffer between you and the candidate, allowing you to create a mutually beneficial arrangement with the candidate. This could better allow you to start fresh with the new employees, minus some of the emotion that can leak over from the hiring process to the employment process.
Using a recruiter is not the right call for every hire, given the cost. But in some instance, where factors like those above come into play, in can be the right call.