experience and expertise

If you're a small business, the prospect of navigating the labour market, identifying the talent you need, vetting candidates and bringing the right people on board can be daunting — especially in today’s tight labour market. But it's important to get this right, as making a bad hire can have significant consequences for your business.

In fact, the U.S. Department of Labour estimates that the cost of a bad hire can be as high as 30% of the new hire’s annual salary. At a time when businesses are working to cut costs and maximise resources, just one bad hire can significantly impact the company budget, especially for small to midsize businesses.

Outsourcing your hiring to a recruitment company is a wise move if you don't feel confident taking on the job yourself. An experienced partner takes the time to understand your needs and can demonstrate how they've delivered results for companies similar to yours in the past.

It can be reassuring to work with partners that have a strong background in your industry and knowledge of the most important trends in the sector right now. Randstad has over 60 years of experience helping employers in various industries fulfil their recruitment and talent needs.

sourcing hard-to-find talent

Plugging skills gaps is a major challenge for many businesses right now, with some estimates suggesting that talent shortages could lead to 85 million jobs going unfilled and $8.5 trillion in unrealised annual revenues by 2030.

This can be particularly problematic for smaller businesses that don't have the financial resources to compete with larger organisations. According to LinkedIn research, 84% of firms with fewer than 200 employees cite finding enough quality candidates as their top hiring challenge.

Without the right talent and skill sets in place, businesses may struggle to grow their companies and implement new technologies. According to a recent study, more than half of the companies surveyed admitted that the skills gap is preventing them from implementing new technologies in the workplace. Additionally, 31% of these companies were unsure of what leading skills they should be looking for in new hires.

Teaming up with a well-established recruitment company can give you access to a large and diverse talent network, which will put you in a stronger position to find the people you need at speed. At Randstad, we provide employers with valuable insights pertaining to emerging trends and in-demand skills. These insights can provide the workforce management solutions you need to improve your recruitment efforts and acquire the right skills for your company.

For instance, according to our research, the most in-demand skills include:

artificial intelligence & machine learning
cloud computing
big data
business intelligence & data visualisation
user interface & user experience
mobile app development
cybersecurity
customer service
sales & business development
financial management

Partnering with a recruitment company with a long history of success will be crucial for organisations that want to prepare for the future. An HR Solutions partner can help identify potential challenges and opportunities in your workforce management and facilitate ways to acquire niche, in-demand skills for your business and industry.

Specific roles that will grow in importance in the coming years include:

cyber security specialist
cloud solutions engineer
UX designer
AI/natural language processing engineer

If you're looking for talented people to boost your chances of succeeding in 2023 and beyond, download our FAQ sheet to learn more about our comprehensive staffing and HR solutions.

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