Recruiting is a time-consuming, complicated, and personally taxing multi-step process. However, when you find a trusted partner that specializes in recruiting within your industry, you can lean on recruitment as a service (RaaS)—and all those harrowing things you used to associate with recruiting don’t have to be true anymore.
If you’ve ever wished you could snap your fingers and locate the perfect candidate for a role, your wishes have essentially come true thanks to the advent of recruitment as a service.
While it’s never that easy, the recruitment as a service model allows you to bypass all of the less exciting tasks associated with recruiting, like early round interviewing, scheduling meetings, pre-vetting candidates, drafting offer letters, negotiating salaries and benefits, and so much more.
In this article, we’ll break down what recruitment as a service actually is, how you can avail yourself of all its pros, how you can save on HR spend as you’re doing it, and most importantly, how you can find the perfect hard to reach candidate for any niche.
Recruitment as a Service (Raas): What Does It Actually Mean for Employers?
Recruitment as a Service, or “Raas,” is a recruiting model that allows employers to outsource part or all of the recruitment process to an experienced third party. While general staffing firms exist and can be useful in some contexts, they present a few key differences from the recruitment as a service model.
When you lean on recruitment as a service for your hiring needs, you can customize the level at which you’ll be involved in the hiring process. Many employers choose to leave all of the “mundane” recruiting tasks, like mining for candidates, verifying employment and education credentials, and early stage interviewing, to a third-party recruitment as a service provider.
This model is particularly attractive to industries in which specialized talent isn’t just a “nice to have,” it’s essential to the mission and objectives of the business. For example, the perfect candidates for open roles within industries like biotechnology, pharmaceuticals, and life sciences, are often “one in a million” matches. Without experienced third-party recruitment as a service provider on an employer’s team, these dream candidates can be impossible to find. Worse, they might be contacted and wooed by a competitor before you ever even learn their names.
How to Determine if Your Organization Should Be Utilizing Recruitment as a Service:
Across countless industries and sectors, organizations are increasingly leaning on recruitment as a service (RaaS) providers to help meet their hiring needs efficiently and effectively. But how can you tell if your organization is well-positioned to benefit from a recruitment as a service relationship? Here are a few key signifiers that you might need a RaaS partner in your corner:
- Your hiring volume is ramping up, but you don’t have time (or budget) to hire a full staff of experienced recruiting team members. Even if you know you’ll need an influx of new team members, it can be hard to hire experienced recruiters with a deep network in your industry on short order. When you partner with a recruitment as a service provider, you get to use the experts you need access to right away—no training or hiring necessary.
- You’re looking to scale your team in a manageable way, without distracting your executives, managers, and team members with needless interviews and other recruiting tasks. A recruitment as a service provider will take the mundane and less critical tasks off you and your team members’ plates, so you can focus your time and mental energy on the tasks only you can do—those necessary to running your core business.
- Your recruiting needs ebb and flow, so while you may need a few new hires now, you might not need the same influx next month, next quarter, or even next year. Working with a recruitment as a service provider ensures you won’t have to permanently increase your resources for a hiring cadence that is predictably unsteady.
- You’re looking for fresh connections or talent that might not be actively “on the job market.” Just because an individual is currently employed doesn’t mean they aren’t open to a new role at a new company. Your recruitment as a service provider has a deep well of industry connections—made up of active and passive job seekers—that they can match you with.
- You want to save money in the recruiting process from multiple angles, including time to hire, total compensation for the candidate, and recruiting firm spending. With end-to-end coverage and expertise, recruitment as a service is the most cost-effective and efficient way to make a hire.
- You want your recruiting to be data-driven, not just based on “gut” decisions about culture fit and potential. Recruitment as a service providers have access to top-of-the line recruiting technology that uses data to identify, track, and assess candidate performance across all stages of the recruiting process.
Cornerstone Search Group: Your Dedicated Recruitment Partner for the Biotech, Pharmaceutical, and Life Sciences Industries.
You’re looking for your next talent match, and Cornerstone Search Group is here to help. Our recruiters’ depth of experience within the biotechnology, pharmaceutical, and life sciences industries is unmatched. For over twenty years, Cornerstone Search Group has been strictly dedicated to serving the sciences industries, and our network of candidates and connections reflect that dedication. Our partners have an average tenure of 18 years, and their knowledge of the talent landscape is without comparison—something you won’t find at most headhunting or recruiting firms.
We take a client-focused approach to recruiting that lets us get to know the organizations we serve as culturally unique institutions. Our understanding of your vision for the future of your company is paramount, and it’s what allows us to make the perfect talent match every time.
Our experts are excited to get to work finding the talent that will take your organization into the future. Start a conversation with us today to learn more.
