What are the advantages of Direct Hire?
In today's competitive market, all hires are strategically important as the availability of right-fit talent has continued to decrease.
The costs associated with a bad hire can be huge: not only can the financial aspect be overwhelming, but your overall culture can be affected due to unnecessary churn and potential negativity that can remain long afterwards.
Let's focus on the positive.
A direct hire strategy offers organizations additional benefits not offered through other staffing options:
- A broader candidate pool - Job seekers are more likely to leave a current position for a direct hire job if it is a a more secure "permanent" move versus a temporary or temp-to-hire placement, giving your organization access to a much higher percentage of employed candidates. Direct Hire attracts those who usually wouldn't be looking under different staffing arrangements.
- A deeper commitment - Candidates placed in a direct hire position have a better sense of stability and are far more motivated and engaged to contribute after hire. Think of the term "temporary employee" - how stable does that sound to you- all promises aside? Short term mindsets produce less and your new hire will normally continue to look for another, more committed employment situation.
- An "employer of choice" strategy - Instead of forcing right-fit talent to settle for the sparse benefits and perks usually made available to temporary employees of a staffing firm or contractor, they get to experience the perks and benefits your organization offers to its talent!
With historically low unemployment levels in most disciplines and skills, it is important for organizations to enhance their offerings as they continue to vie for the best and brightest. By offering direct hire opportunities, employers are pledging a different level of commitment to the right-fit talent they desire. The choice of filling the role with a direct hire arrangement can deliver a better return on investment than filling through other methods, including temp-to-hire.