76% of employers in the accounting and finance sector say their top recruiting challenge is a need for more suitable candidates. This is because financial services companies require more than just number crunchers, they need individuals with expert skills, and these niche skill sets are incredibly hard to find. Working with a recruitment agency can be extremely beneficial if you want to grow your finance, accounting or audit team. Here are some of the top reasons why.
They Can Save You Time
When you work with a recruiter, you save time by allowing them to do the heavy lifting for you. They will sift through resumes and interview candidates, so you don’t have to. Plus, they are financial sector experts, allowing them to identify candidates with relevant skills and experience. In addition to saving you time, recruiters help you avoid hiring mistakes that could be costly for your business. A good finance recruiter will understand your unique needs and craft a job description that will appeal to the right candidates. They will also take the time to review candidate applications and resumes to make sure they are free of grammatical errors, misspellings, and other inconsistencies.
Recruiters are also familiar with the latest trends in finance and accounting, so they can help you create an employment brand that appeals to young talent. For example, millennial and Generation Z employees expect more from their employers than baby boomers, including flexible scheduling, a culture of inclusion, and remote working options. An experienced recruiter can ensure your brand is attractive to these new hires and entice them to join your team.
They Can Save You Money
While it may seem counterintuitive, hiring professionals through a recruiting firm can save money. This is because you can employ multiple recruiters at a lower cost per candidate than you would pay for a single recruitment manager at your company. Additionally, working with a finance recruiter allows you to fill an open position much faster than you could. This is especially helpful in times of increased demand. Keeping an open position for a long period can be costly, even before you start considering the cost of advertising and other recruiting costs. The talent pool for accounting and finance jobs has become more competitive. It’s been estimated that the best candidates receive 13% salary increases or higher to switch careers. You must create a positive company brand and offer a great candidate experience to stand out. Accounting and finance recruiters in Houston can help you do this by developing an employer marketing strategy that showcases your business as a great workplace. Reviewing the terms of your partnership with an accounting recruiter before you commit to their services is important. For example, you should ensure that they have an off-limits policy in which they agree not to recruit candidates from your direct competitors for a set amount of time. You should also discuss your budget with them so that you know exactly what to expect regarding their fees.
They Can Help You Find the Right Candidates
The talent pool for accounting and finance jobs has become more competitive than ever. Advances in technology have changed the nature of these positions, and companies are seeking candidates with more than just numbers-crunching skills. It’s important to make your job posting stand out from the crowd, providing a great candidate experience from start to finish. Creating an employer branding strategy that showcases your company values, culture, and career development opportunities is one way to do this. In addition, it’s critical to have an effective screening process. This includes setting clear requirements for the role, ensuring the job description is updated regularly, and interviewing candidates focusing on the real-life challenges they might encounter. This will help you provide you’re only considering the most qualified candidates. An experienced recruiter can save you time by doing much of the initial screening for you. In addition, they’ll have a good understanding of the industry and will know which candidates to consider based on their backgrounds. It’s also helpful to work with a recruiting firm that is known in the area, as this can lead to more referrals. This can speed up the hiring process and give you more flexibility in your selection criteria. Recruiters can even provide valuable information about the company, including the culture and management style.
They Can Help You Find the Right Job
In addition to helping you find the right position, accounting and finance recruiters can help you find the best job for your career goals. They know what technical and niche skills are important to their industries and can help you align your skillset with the hiring managers’ needs. Whether you’re looking for a direct hire position or a short-term consulting engagement, a finance recruiter can help you find the right fit. When selecting a recruiter, make sure they specialize in the areas you’re interested in and have a strong track record of placing candidates. Also, ask about their hiring process and how they screen candidates.