The global business environment today is fiercely competitive with companies across the globe competing for customers and market share. Having a highly qualified, well-trained and skilful workforce is one of the most important elements that can determine the success or failure of an organization. That is one of the major reasons why companies use the services of recruitment companies to ensure they have the best and the most qualified employees.
The improving global economy is one of the major drivers of growth of the recruitment industry. It is expected that this industry will witness a compound annual growth rate of more than six percent through 2009-2014. The United States is the largest regional recruitment market and has approximately one-third share of the global market. According to forecasts, the global recruitment market will be worth $369 billion by 2014.
In an exclusive interview, Tim Grayem, the President of Canon Recruiting, a company engaged in finding highly qualified individuals and matching them with companies that need their skills for the last thirty years, stated that “the recruitment industry has become an integral part of how business is conducted worldwide. Finding qualified and highly skilled employees is a high skill unto itself.”
Organizations have numerous tasks to perform and are expected to put time and effort in doing what they have been created to do. That is precisely why these companies turn toward staffing and recruitment agencies so that they can help them find the right people for the right jobs.
“Finding highly talented individuals to run companies is a full time job. The relationship between organizations and the recruitment industry will not change any time soon but will in fact continue to grow at a record pace,” according to Grayem.
It is important to understand that recruitment companies just don’t provide employers a database of candidates. They source, screen and present qualified candidates to them and help companies save significant time and money. In addition, recruiting companies generally have an extensive network of passive candidates thus increasing the pool of potential candidates for organizations. Recruitment companies that specialize in particular industries are more efficient in selecting candidates that are suitable for jobs specific to that industry; recruitment companies also have industry-specific information and are more aware of compensation rates and how employers can attract the best talent at the most competitive compensation packages. Finally, the job of a recruitment company does not stop when they present a qualified candidate. They also play an active role throughout the selection process and the negotiation phase. These services “allow companies the freedom to grow and pursue new markets and to do business in innovative ways,” explains Grayem.
The benefits of recruitment companies are not restricted to organizations. According to Grayem, “the staffing business is a win-win business because the employer gets a qualified employee and the individual employee finds employment often times at a higher pay rate than they would receive it in a permanent employment situation. Often the employee receives benefits and compensation that is better than they might receive on the open market and that individual employee has the flexibility to move on to other environments if that kind of flexibility is beneficial to that employee,”
Recruitment companies like Canon Recruiting are engaged in providing their clients a core competency in permanent placement, executive search and in general staffing at all levels. They can do so in less than ninety days thus helping organizations deal with their staffing needs more effectively and efficiently.
According to Grayem, “during the last 30 years we have worked as a group with one goal in mind servicing the client in the fastest and most efficient way possible. Our people are focused on our client’s success and focused on working together. There is a collegial and cooperative environment that exists within the Canon Recruiting Group that creates a synergy that leads to our continued success placing quality people with quality companies,”