How a Recruitment Agency can Benefit Your Business
According to the General Statistics Office of Vietnam, the number of employed persons in the country has increased to 50.80 million in the third quarter of 2022 versus 50.50 million in the second quarter. This is a good indication that ramped-up recruitment efforts have been paying off. However, based on estimates from the HCMC Forecasting Manpower Needs and Labor Market Information, Ho Chi Minh City will need around 136,000-150,000 workers in the second half of this year, particularly in the commerce, service, and construction industries.
Companies struggling with talent acquisition may want to invest in the services of a recruitment agency. Here are some of the benefits that your business can gain from having a recruitment agency as your partner in finding and retaining great talent.
1. Access to a wider pool of rich talent
A good recruitment agency should provide you with an expansive range of highly skilled talent in various fields of expertise. Whether at junior-level or for c-suite roles, the recruitment agency must be ready to connect you to the most qualified candidates from their broad network of applicants. They also have the appropriate tools and extensive expertise in attracting the right talent for your very specific requirements, especially for highly technical roles. Because they have bigger talent acquisition resources, they can also reach “passive talent” — those who are not actively seeking for new work and are harder to find.
You’ll also have a higher chance of reaching more job seekers with a recruiting agency. Whilst they’re looking for work, they will most likely register with a recruitment agency to get more efficient results. Agencies will also use targeted omnichannelling methods when they place your job vacancy ad. This will ensure that your ad will generate more applicants and better quality of candidates.
2. Efficient investment of time and money
Hiring is actually the secondary responsibility of most internal HR roles in the company. However, the recruitment process – especially when the vacant position has to be filled in immediately – feels too rushed that they might miss out on more suitable candidates. A recruitment agency will exclusively focus on this task whilst freeing your internal team to concentrate on their core duties to your business.
Recruitment agencies will also ensure the efficient investment of your job ads. With their extensive sources of job placement platforms and other niche channels, your job ad will have better reach and results. Some recruitment agencies also offer their own programs for upskilling that your internal team may not have the time and resources to provide for the successful hires.
3. In-depth knowledge of the talent market and the industry
A recruitment agency should always be updated on the latest information on what the talent market is like for the industries that they’re involved in. This includes salary ranges, government and industry regulations, employee benefits, job responsibilities, career expectations, required skill sets and experience, and industry trends, among others. With this solid background, the agency can guide you with data-driven recommendations to help you make more informed decisions in talent acquisition.
4. Boost awareness of your employer brand
Building up your employer brand is a great way to attract and recruit potential candidates to join your company. How you integrate your corporate values to the work environment, the benefits that you offer to your staff, your employee value proposition, and your company culture, among others, are all part of what defines your company and how job-seekers see you. A recruitment agency can “advertise” your company’s selling points to the talent market.
Even the recruitment process itself can affect your employer brand. That’s why it’s important to have a professional agency who can conduct a smooth recruitment process that won’t waste the applicant’s time and effort. This will leave a favourable impression on them and they’ll see your company as a great place to work for.
5. Expert support for your internal HR team
Recruitment agencies are not meant to replace your in-house HR team. Rather, they are supposed to support your internal team by offering their more extensive recruitment resources. A recruitment agency will do a deep dive of your company’s talent requirements, the specific tasks and responsibilities of the job, and your company culture to find the best candidates for you. They represent you in the talent market as they recruit for you.
The Talent Consultants: connecting businesses to the best talent
As an experienced talent sourcing company in Vietnam, The Talent Consultants has the tools and resources to attract and recruit the most qualified candidates across the Southeast Asian region. We are a professional recruitment agency in Ho Chi Minh City that can provide workforce management and talent acquisition services for multinational companies in various industries such as IT, FMCG, Supply Chain, and Manufacturing, among others. We also offer resources to support managers and job seekers in the recruitment journey.
If you require the expertise of a Vietnam-based recruitment agency, contact The Talent Consultants on +84 28 7309 7991 or book your free consultation here. If you’re a job seeker, you can visit our job vacancies page and explore great career opportunities or you can submit your CV to us here.