The relationship of staffing firms with their clients

Staffing firms are facing tough situations these days when it comes to providing client services. On one hand, the staffing industry’s recent share of overall employment has hit record high levels on the other hand; the industry is facing low and decreasing candidate satisfaction. Client satisfaction among the staffing firms was in decline for the fourth straight year in 2013 as per the Inavero “Best of” competitions for exceptional services survey. Even more disturbing factor is that the number of clients who does not view their staffing agency or firm as a strategic partner is up by 50%.

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Steps for building the right talent pipeline

An organization’s backbone for its survival is its talented employees who contribute their might towards its journey of growth and expansion. Therefore, organizations need to define, attract and develop a right mix of critical talent to expand their businesses globally. The necessity of building a talent pipeline should never be underestimated as in the present economic scenario ensuring continuity of talent capable of navigating the company through change is quite crucial. Organizations should have a robust talent pipeline irrespective of whether that talent is nurtured in-house or recruited from outside such as from staffing firms or headhunters.

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Staffing agencies role in helping candidate’s job search

The staffing agencies or recruitment firms have expertise in making good matches between job seekers and the companies. The role of staffing firms can be gauged from the fact that according to the Staffing Industry Analyst – 2014 report, twenty nine staffing firms generated about $50 million in temporary staffing revenue in 2013 and combined they generated $5.7 billion that comprised 59% of the market. Especially, in the health care staffing industry the five largest and fifteen largest firms have steadily increased their share of the total market that indicated a trend of increased consolidation in the healthcare staffing industry.

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The current trends of recruiting industry

The recruiting industry’s history dates back to ancient Greek, Egyptian and Roman civilizations. The employment/recruiting activities began with the military but the birth of modern employment agencies did not occur until the 1940’s because of World War-II. Employment agencies at that time began to advertise for workers who were not required to do military service in an effort to fill up the gaps in the workplace left by those who were called to serve military services. The end of the war led to rapid increase of workers returning from the army that lead to emergence of new skills.

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