How to access top global talent
What is access top global talent? Which company reduce legal risks via EOR today? Compare and quote popular recruitment companies on the market. We invite customers to see details in the article below of S4B Vietnam.
1. What is a recruitment service?
A recruitment service is a service provided by Recruitment Agencies (Companies providing human resources and ensure compliance with labor laws) to businesses that need to recruit workers. These companies are third parties that search for and select the most suitable candidates for businesses that need to recruit workers.
Current services often search for candidate profiles at universities, recruitment floors as well as through referrals, file storage and notification to candidates about jobs as soon as a client company wishes to recruit. This is a simple way for client companies to optimize in-house human resources activities.
Do not confuse recruitment services (recruitment agency) with job search services (employment agency). Recruitment agencies are headhunters who specialize in finding human resources, their customers are businesses that need to recruit workers. Employment agencies, on the other hand, introduce jobs to job seekers, meaning their customers are workers.
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2. The difference between EOR services and corporate recruitment
2.1 Recruitment responsibilities
For recruitment companies or headhunters, they often receive jobs from many companies and many different fields. Moreover, they also have to work with high recruitment needs from customers, from recruiting senior positions to short-term and contract employees.
On the other hand, they are also rarely able to recruit employees who can fit the company’s culture or expand to new markets quickly. The reason is that they only have expertise in recruitment instead of working inside the company to understand the customer’s working culture.
Therefore, although businesses put corporate culture fit as a recruitment requirement, not all headhunters can ensure this standard.
On the contrary, corporate HR recruiters always focus on recruiting for their company. This is also their main responsibility in the business. Therefore, they only focus on one company and one field.
In addition, because they are imbued with corporate culture, they can recruit candidates with the potential to adapt quickly to the working environment of the enterprise. This helps increase the satisfaction of senior management, save cost with employer of record as well as create an easy stepping stone for new candidates to get acquainted with the company’s culture.
In short, corporate recruiters can meet cultural needs better and hire faster with EOR than human resource recruitment services.
2.2 Human resource recruitment skills and expertise
For human resource recruitment services or headhunters, their work is faced with great time pressure and reduce legal risks via EOR. With the goal of business growth, recruiting as many candidates as possible for partners, therefore, the quality of candidates may be reduced.
For many human resource recruitment services, they will be less difficult for candidates and poor quality personnel can pass through their screening easily. In addition, they also face great time pressure.
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The reason is that they also have to compete strongly with other human resource recruitment services. Therefore, if they do not recruit candidates in time, they will most likely lose the opportunity to increase sales.
In addition, headhunters also have the advantage of being in contact with many customers and recruiting in many fields. Therefore, they have a lot of experience and an overview of the Vietnamese human resource market. However, this is also a limitation of headhunters when they cannot focus their recruitment skills and expertise on a certain market/field.
On the contrary, corporate recruiters have a clearer understanding of the company’s field of operation. Therefore, they can easily assess the skills or mindset needed by candidates to succeed in the position the company needs.
The limitation of HR recruitment is that it is more difficult to optimize recruitment time. With the goal of recruiting high-quality personnel for the business, they will spend more time searching and reviewing.
2.3 Recruitment costs
Recruitment costs are one of the criteria to evaluate the recruitment effectiveness of the business. So between headhunters and corporate recruiters, which side has higher recruitment costs?
For human resource recruitment services, headhunters only receive a basic salary. Their main income comes from “commissions” between recruitment contracts. Therefore, the level of competition between headhunters is very high.
If you are a business using third-party human resource recruitment services, the contract amount will be divided between the service company and the brokerage fee for headhunters. In short, you will have to invest more to get the candidate you want.
However, you will only have to pay for recruitment services if you really need them and when the company has positions to recruit.
On the other hand, the company’s recruiters will have a lower income than those of specialized recruitment companies. However, you will have to pay them in the long term, which can increase the company’s recruitment costs.
However, recruitment costs always go hand in hand with quality. In addition, using the right resources and recruitment expertise will help the company manage global payroll effortlessly
and get talent that quickly integrates into the company’s culture.
If your business want to access top global talent, please contact us for further support.
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S4B Vietnam
- Address: Unit 701B – 701C, Tower A, Handi Resco Towers, 521 Kim Ma Street, Giang Vo Ward, Hanoi, Vietnam
- Tel: +84 24 3974 4181
- Email: service@s4b.com.vn
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