Forging a successful business becomes easier when limiting your expenses meaningfully. For example, hiring talented professionals requires an inordinate amount of time and resources, overburdening companies with small HR teams. Choosing the wrong candidate forces you to repeat this process—and its costs—until the right person is hired. When partnering with an Albuquerque staffing agency, managing your talent acquisition process becomes more effective and inexpensive.
Another method for saving on staffing-related expenses involves focusing on entry-level candidates when searching for candidates. These emerging professionals often boast the same skills as more experienced talent. This comparison becomes more relevant when considering the recent tech innovations influencing nearly the entire business world. Notably, no entry-level or experienced candidate has more than a year or two of ChatGPT experience.
Let’s examine why partnering with a staffing agency in Albuquerque for recruiting entry-level talent provides a more cost-effective approach. In addition to the significant cost savings, we explore the higher ROI gained when using this talent acquisition approach. It’s the right strategy for onboarding skilled and talented professionals at a fraction of the cost.
Why Focus on Entry-Level Candidates?
Hiring entry-level candidates instead of experienced professionals saves businesses money by reducing salaries. Not surprisingly, someone with 10 to 15 years of experience commands a higher pay grade than new professionals. Of course, a deeper work history provides some measure of value. However, the nature of your business’s work might not require this high level of experience.
Entry-level professionals provide other meaningful benefits to businesses. They tend to be eager to learn, as recent graduates with a strong affinity for training. This benefit also potentially creates a stronger ROI on the resources spent on their training and professional development.
Millennial and Gen Z candidates also boast more familiarity with the emerging technology transforming the business world. This is especially beneficial for forward-looking businesses relying on the latest tech. We already mentioned how no candidates have more than a year or two of experience with ChatGPT. Keep this fact in mind when developing your future hiring plans.
Additionally, adding entry-level employees helps your business develop a culture focused on professional development. Your senior staff gain an opportunity to mentor these emerging professionals, helping them develop their own leadership skills and building a stronger sense of teamwork and collaboration.
How Do Businesses in Albuquerque Save Costs by Hiring Entry-Level Candidates
As noted earlier, businesses enjoy significant savings in employee pay when focusing on entry-level candidates. Once again, more experienced workers command higher salaries. These cost savings also apply to the staffing and onboarding processes. Let’s take a closer look.
For example, a recent study noted onboarding an entry-level candidate costs 180 percent less than an executive professional. Analyzing the cost-per-hire data point provides additional insights. On average, the cost-per-hire for entry-level candidates is approximately 20 percent of their annual salary. Conversely, candidates with medium experience levels have a cost-per-hire 1 to 1.5 times their salary.
Combining the cost savings from hiring entry-level talent with partnering with a staffing agency reduces your expenses. It’s the right approach for building a profitable organization with the potential for long-term success.
Long-Term ROI of Hiring Entry-Level Talent
Hiring entry-level candidates gives your company a stronger ROI on training and professional development. As highlighted above, emerging professionals fresh out of school remain eager to learn new things and build rewarding careers. Take advantage of this desire to engage your new hires in building skills relevant to your business operations.
Additionally, forging a company culture focused on professional development with a strong training program increases your retention rate. Retaining new hires over the long term also helps you enjoy a higher ROI on your staffing costs and training expenses. Entry-level talent simply wants to learn and grow with your business over time!
Leveraging Albuquerque Staffing Agencies for Entry-Level Recruitment
We previously discussed how partnering with an Albuquerque staffing agency provides the right strategy for your business. This golden rule applies to both entry-level candidates and highly experienced professionals. At the same time, a partnership especially benefits businesses looking to hire emerging professionals right out of school.
Let’s examine some of the meaningful advantages of partnering with a provider of staffing services in Albuquerque. Also, use this information to differentiate between the agencies on your short list. Ask pointed questions about these capabilities when meeting with reps from those staffing providers.
Staffing Companies Utilize Recruitment Strategies to Find Candidates Quickly and Cost-Effectively
An experienced staffing service provider in New Mexico knows how to source candidates quickly and in a cost-effective manner. This includes both experienced professionals as well as the entry-level talent your organization wants. They leverage bespoke strategies for finding emerging candidates, including building meaningful connections with local colleges, universities, and trade schools.
The best agencies also leverage technology to make the staffing process more efficient. Applicant tracking systems powered by AI automate résumé analysis and candidate matching. Most even use generative AI – aka ChatGPT – to handle initial applicant communication. As a result, partnering with a staffing agency provides fast access to the talent your business needs.
Local Staffing Agencies Have Access to a Broader Talent Pool
Another benefit gained by partnering with an experienced staffing agency relates to the size of their candidate pool. Building connections and relationships over time provides access to talented professionals interested in both contract and employment work. This broad pool of talent also greatly lowers your company’s time-to-hire. In the case of entry-level candidates, the previously mentioned relationships with local colleges connect them with new talent
Efficient Onboarding Process
An efficient onboarding process remains a critical differentiator between the various staffing agencies on your company’s shortlist. As such, ask detailed questions on the topic when meeting those potential agency partners. You want a partner with a great onboarding process. They also provide insightful advice on your company’s own approach to engaging new hires.
Not surprisingly, an efficient onboarding process ensures new hires quickly become productive within your organization. This especially helps when hiring entry-level candidates just beginning their careers. Additionally, studies show an effective onboarding process plays a key role in the long-term retention of new employees. Keep this in mind whenever your business wants to improve its retention rate.
How Can You Tailor Your Hiring Strategy with a Staffing Agency in Albuquerque?
Working closely with an experienced staffing agency helps your business craft the bespoke hiring strategies it needs for success. As experts in talent acquisition, agencies understand how to turn business goals and a budget into effective recruiting plans. This provides your business with a roadmap to unparalleled profitability and success. Once again, find out about each potential staffing agency partner’s experience with workforce planning and developing tailored hiring strategies.
Staffing Companies Assist with Creating a Customized Recruitment Plan Based on Goals and Budget
A true staffing agency partner strives to understand your company’s culture and operations. This understanding becomes critical when crafting a recruitment plan to meet your talent needs now and in the future. Perhaps a mix of permanent hires and contractors gives your company the scalability to thrive, whatever your current workload.
Additionally, an agency providing a variety of employment models – permanent, temporary, or temp-to-hire – helps your business stay flexible. These options especially matter when looking to hire entry-level professionals. For example, the temp-to-hire model lets you verify a candidate’s fit with your organization before any permanent job offer. This approach greatly reduces the risks of a hiring mistake.
Assess Workforce Needs to Tailor a Plan Based on Staffing Needs
The best local staffing agencies employ experienced recruiters in Albuquerque that truly understand your business. This helps them work with your managers to assess your company’s short-term and long-term workforce needs. If you want to reduce your employment expenses, they know how to find talented entry-level candidates quickly and cost-effectively.
Once again, their skills and insights help your leadership craft detailed hiring plans meeting your budgetary requirements. The advantages of a staffing agency partnership ensure you execute those plans as fast as possible, while saving money. It’s the right approach for helping your organization reach even higher levels of success.
Partner with a Staffing Agency in Albuquerque Like The Hire Firm to Hire Entry-Level Candidates Can Help You Save Costs and Build a Future-Ready Workforce
The Hire Firm remains one of the top staffing agencies in Albuquerque and throughout New Mexico. We boast long-term relationships with the region’s colleges, universities, and trade schools, providing access to exceptional entry-level candidates. So, if your business needs an influx of emerging talent to engage your operations and save money, contact us.
In addition to reducing staffing expenses, our team helps with workforce planning and crafting an effective onboarding process. As a result, your organization develops a futureproof workforce that can thrive no matter the economy. Schedule a meeting to discuss your current hiring needs and how we can help!