Staffing agencies are those firms that act as a match maker between the employer and the job seekers. The popularity of staffing agencies has grown by leaps and bounds in this era of information technology. These agencies form the core of human resource management through their interaction with enterprises, various government agencies and as per their client expectations. Staffing agencies are also popularly known as temporary agency or temp agency. These agencies can be regarded as a storehouse of employment database consisting of detailed job information and requirements both of the job seekers and the companies.
The main objective of these agencies as one should keep in mind is to match the employee skills with necessary tasks in the most cost effective way. Good staffing agencies understand their client company needs and involve demystifying the needs of the staff members as well as their passions and their needs to find the possible fits. To understand what a staffing agency does you must first know how they work and what their activities etc are. How these agencies work can be easily understood by knowing about their functions in a brief manner:
Functions related with their business or client company:
A staffing agency work is different from one agency to another but the typical work profile of a staffing agency is to handle hiring, terminations, taxes related with employment, payrolls, Medicare, social security etc. The client company is required to specify the number of employees or workers needed, the time period for which they are needed, the hourly/weekly/monthly wage or salary pay rates etc that can be negotiated with.
Functions pertaining with employees or job seekers:
These agencies play a very pivotal role for job seekers who would like to be employed in appropriate job positions with good organizations. Majority of staffing agencies offer only temporary job profiles as the client company’s seasonal needs. A prospective employee must sign up or get registered with the concerned agency. The agency then reviews the resumes of the prospective job seeker taking into account the concerned job seekers work experience, educational qualifications, technical skills, projects done and other skills and matches these factors with the businesses or organizations who can use their experience.
The money earned by these agencies is usually in the form of fee by charging clients for the amount of work the employee does. The fee charged by these agencies differs from one type of agency with the other. Agencies such as Executive agencies charge the employer a fee for their services. The fee charged by these agencies is known as “Employment Agency Fees”.