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Why Organizations Use Staffing Agencies: Here Are 5 Benefits

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Why Organizations Use Staffing Agencies: Here Are 5 Benefits

A company will hire a recruitment agency when they feel they need assistance sourcing and screening candidates for their vacant positions. One of the major benefits of working with a staffing agency is that their expert recruiters will handle most tasks in the recruitment process on your behalf. This can include conducting research to learn about your open roles, identifying qualified candidates, checking their references, qualifying their skills and abilities, and ultimately presenting short-listed candidates to you — who you will then meet with to conduct further interviews. Your recruitment agency partner can then provide support and insights to help guide you through selecting a final candidate.

Once you have made a decision, extended an offer, and the candidate has accepted, they will start working for your company — typically on-site. A candidate who is placed in a contract-to-hire or temporary position will remain on the recruitment agency’s payroll, while a direct hire employee would go directly onto your payroll.

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Should you be looking for a contract-to-hire or direct hire candidate? How many employees should you be adding to your team in the next year to meet your workforce growth goals? What kinds of skills and personality traits should you be looking for in a particular role? If you’re not confident in your answers to these questions, an IT staffing agencies can be a valuable tool for forming your future hiring strategy.

What service do staffing agencies provide?

There are three common ways for companies to hire for a new position or fill a vacant one when working with a staffing agency:

1. Direct hire, also known as direct placement

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2. Contract-to-hire, or

3. Contract or temporary hire

Each staffing service has its own advantages, and figuring out which is the best one for your business will depend on your unique needs at the time. One benefit of working with a staffing agency is that they have the experience and knowledge necessary to help you uncover which option will be the best for your particular situation.

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Why companies use staffing agencies?

Deciding whether leveraging professional recruiting services is right for your business will be based on a variety of factors, such as: your preferences, urgency, budget, hiring needs, and in-house capabilities (just to name a few).

After weighing the pros and cons of recruiting agencies, many companies identify that outsourcing staffing services is the most strategic and cost-effective move. This could be for a variety of reasons, such as not having the resources for in-house recruiting or simply feeling that the advantages of using a recruiting firm outweigh the benefits of doing it on their own.

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Also Read: 5 Lead Magnet Ideas to Increase Revenue in Your eCommerce Store

Let’s explore a few more benefits of staffing agencies to help you decide if this is the right hiring path for your business and its needs.

Here are 5 benefits of working with a staffing agencies 

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1. Recruiting Experience and Expertise

Headhunters in a professional staffing agency are likely to have experience working with clients of various sizes operating in various industries. After interacting with a large volume and wide variety of both clients and candidates, they’ve gained insights that can help you identify and achieve your strategic workforce goals.

2. Wider Pool of Qualified Candidates

One of the greatest benefits of staffing agencies is their access to an enormous and ever-growing pool of candidates. A high-quality staffing agency attracts top-tier talent, with recruiters constantly working to expand their professional networks. At 4 Corner Resources (4CR), we often source and screen hundreds of candidates’ resumes for a single job opening to find the most ideal fit, whereas a job posted by an in-house recruiting team may not get nearly the same volume of applications.

3. Freed Up Time

When you have to spend countless hours on tasks such as posting job openings, sourcing candidates, and screening resumes, your time and energy are taken away from other day-to-day responsibilities. One advantage of employment agencies is that they handle most front-end recruiting processes; allowing in-house employees to focus on higher-return ventures for your business.

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4. Expedited Hiring Process and Faster Candidate Placement

A successful recruiting agency can help you get talent up and running more quickly through an expedited and streamlined hiring process. At 4CR, our goal is to have a fully screened and qualified candidate for non-leadership roles within just 48 hours. With this optimized hiring process that places candidates faster, your new hire can be on boarded on a shorter timeline — meaning they can start producing value for your business sooner!

Also Read: 12 Reasons Every Business Should Invest More in Their Employees

5. Reduced Risk of New Hire Turnover

New hire turnover is incredibly expensive. There are many hidden costs of a vacant position, especially the time and resources it takes to hire and train a new employee — and if they don’t work out, you have to do it all over again with their replacement. When a staffing agency that has a successful track record steps in to help you place the best candidates in the right roles the first time around, it increases retention rates and decreases turnover costs.

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Manvendra Chaudhary, with over 5 years of professional experience as CEO of Unique News and Megalent Marketing, shares insights on life, business, and health for your success.

Business

Gerber and Perrigo Face New Lawsuit Over ‘Store-Brand’ Infant Formula Pricing; All Pending Toxic Baby Food Cases Consolidated into New Class Action MDL

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Infant formula makers Gerber and Perrigo have been hit with a class-action lawsuit, which accuses the companies of artificially creating a shortage and jacking up prices for “store-brand” formula sold at Walmart, Walgreens, and other retailers.

The lawsuit was filed on Monday in federal court in Alexandria, Virginia. It accuses Perrigo of violating antitrust laws by collaborating with Gerber to prevent competitors from entering the market for store-brand formula.

Perrigo, one of the nation’s largest suppliers of store-brand formula, sells its products under retail labels at prices lower than similar branded products. However, the lawsuit alleges that Gerber, by granting Perrigo the first right of refusal to Gerber’s excess formula supply, which could have been sold to other competitors, is engaging in practices that stifle competition.

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The lawsuit claims that through this arrangement, Gerber agreed to keep its excess formula out of the store-brand market, thereby gaining a share of Perrigo’s profits. The lawsuit was filed by four residents of California, Illinois, Michigan, and Pennsylvania, who will represent millions of customers who have purchased store-brand baby formula. The lawsuit does not name formula retailers as defendants. It asks the court to intervene and end the anticompetitive deals between Perrigo and Gerber and seeks more than $5 million in monetary damages.

This lawsuit is similar to another case filed in Brooklyn federal court by a potential store-brand competitor, P&L Development. Gerber and Perrigo requested the dismissal of that case, which was denied by the judge in February. The companies involved in the lawsuit claimed they compete fairly with other infant formula manufacturers, including those of store-brand formulas. The lawsuit also cited the squeezing out of P&L Development from the store-brand market, which has led to higher prices.

Gerber is also facing numerous lawsuits accusing its brands of baby food of containing dangerously high levels of toxic heavy metals, such as lead, arsenic, and mercury. These heavy metals are extremely toxic, even for adults, and can have catastrophic consequences on developing children, leading to health complications and neurological damage. Conditions such as ADHD and autism may be linked to consuming these toxic baby foods.

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On April 11, 2024, all the lawsuits pertaining to toxic baby foods, which had been filed at different times in various courts, were consolidated into a new class action MDL in the Northern District of California and assigned to Judge Jacqueline Scott Corley. Besides Gerber, other baby food manufacturers like Beech-Nut and Campbell Soup Co. have also been named as defendants.

Also Read: Leading Ethereum Blockchain Entity Files Lawsuit Against SEC, Requests Court Declaration That Token Is Not a Security

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Leading Ethereum Blockchain Entity Files Lawsuit Against SEC, Requests Court Declaration That Token Is Not a Security

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Leading Ethereum Blockchain Entity Files Lawsuit Against SEC, Requests Court Declaration That Token Is Not a Security

The legal wrangling between the crypto sector and the SEC, or the Securities and Exchange Commission, is getting uglier, with ConsenSys, a major protagonist of the Ethereum Blockchain, filing a lawsuit against the regulatory body in a Texas federal court. This legal action seeks an intervention to ward off a looming SEC lawsuit against the company regarding features of its popular MetaMask wallet. The lawsuit also seeks the court’s help in deciding once and for all the vexed question of whether Ethereum’s digital token, Ether, is not a security. The legal uncertainty hangs heavily on the crypto sector and puts a question mark on its very existence.

In an exhaustive 34-page legal filing, ConsenSys states that the SEC’s endeavor to exert control over Ethereum is both illegal and a threat to blockchain technology.

The complaint states,

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“The SEC’s unlawful seizure of authority over ETH would spell disaster for the Ethereum network, and for ConsenSys. Every holder of ETH, including ConsenSys, would fear violating the securities laws if he or she were to transfer ETH on the network. This would bring the use of the Ethereum blockchain in the United States to a halt, crippling one of the internet’s greatest innovations.”

The lawsuit also alleges that SEC Chairman Gary Gensler has embarked on an aggressive enforcement policy directed at the big players in the crypto sector like Coinbase and Uniswap. The lawsuit particularly points out a campaign that involved a deluge of subpoenas asking firms and developers for documents related to their dealings with the nonprofit Ethereum Foundation, which supports the blockchain’s development.

The crypto sector is up in arms against Gensler’s tactics and has contended that the SEC has never provided clear rules meant for the distinct features of blockchain technology. However, Gensler negates this argument, saying that the existing securities laws are clear and sufficient, and that the crypto industry refuses to comply with them.

Gensler’s actions are full of contradictions since, in the past, the SEC had maintained that blockchain’s tokens, like Bitcoin, are not securities and hence beyond its purview. A senior official in 2018 had stated that Ethereum has reached a state where it is adequately decentralized, and further, the agency also gave the green signal for the launch of Ethereum futures trading—an implicit acknowledgement that Ether is a commodity. However, at present, Gensler is using a recent feature of Ethereum, known as staking, as grounds for the recent legal campaign.

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The lawsuit was filed after the SEC issued a Wells Notice, which is akin to a formal letter warning that the agency intends to sue a firm and could lead to a settlement later. The SEC charged ConsenSys that MetaMask was operating as an unlicensed broker-dealer. MetaMask offered users a means to stake Ethereum on their behalf. Staking was a feature introduced in September 2022 on the Blockchain as a replacement for the energy-intensive mining process. The process involves a system of validators who pledge collateral to become trusted validators.

The SEC objects to the process of staking, which has changed Ethereum from a commodity into a security. ConsenSys founder Joe Lubin has called this account of the SEC “preposterous”.

Lubin said,

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“The act of staking is really just posting a security bond so you can get paid to contribute labor and resources to help operate the Ethereum protocol. Now they’re trying to turn that into some sort of investment contract.”

Lubin also stated that the SEC’s actions will lead to a halt in the growth of the crypto sector and blockchain technology as a whole. Lubin feels that the SEC seeks to block pending applications by companies to launch spot ETFs for Ethereum, following the huge popularity of Bitcoin ETFs. The SEC is in fact trying to regulate a technology on its merits and it will only stifle innovation.

Also Read: New Class-Action Lawsuit Accuses Rivian of Making Materially False and Misleading Statements

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Caterina Fake Net Worth 2024: How Much is the American entrepreneur and businesswoman Worth?

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Caterina Fake Net Worth 2024: How Much is the American entrepreneur and businesswoman Worth?

Who is Caterina Fake?

Caterina Fake is a renowned American entrepreneur and co-founder of several groundbreaking ventures, including Flickr and Hunch. Born on June 13, 1969, in Pittsburgh, Pennsylvania, Fake has been a driving force in reshaping the digital landscape through her innovative ideas and entrepreneurial acumen.

Caterina Fake Career

From her early days in Pittsburgh to her rise in Silicon Valley, Caterina Fake’s career has been marked by a relentless pursuit of excellence. Co-founding platforms like Flickr and Hunch, she has revolutionized how we connect and share information online. Her visionary leadership and creative brilliance have cemented her status as a trailblazer in the tech industry.

Caterina Fake Net Worth

As of 2024, according to TheRichest, Caterina Fake’s net worth stands at an impressive $25 million. Her entrepreneurial ventures, including Flickr and Hunch, have contributed significantly to her financial success. With a keen eye for emerging trends and a knack for innovation, Fake continues to inspire aspiring entrepreneurs around the world.

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Caterina Fake Age

Currently 54 years old, Caterina Fake was born on June 13, 1969. Despite her age, she remains a dynamic force in the business world, constantly pushing the boundaries of what’s possible in technology and entrepreneurship.

Caterina Fake Family: Husband and Children

Caterina Fake was previously married to Stewart Butterfield, with whom she co-founded Flickr. They tied the knot in 2001 but announced their split in 2007. They share one child, Mint Butterfield, who has recently been reported missing. Caterina Fake is currently in a relationship with Jaiku co-founder Jyri Engeström.

Caterina Fake Height and Weight

While specific details about Caterina Fake’s height and weight are not readily available, her stature in the tech industry is undeniable. Standing tall as a visionary leader and innovator, Fake’s impact transcends physical measurements, leaving an enduring legacy in the digital sphere.

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Also Read: Ethan Payne Net Worth 2024: How Much is the English YouTuber, Streamer, and Internet Personality Worth?

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