Retaining top talent is one of the biggest challenges businesses face. And this is no different for firms here in South Wales, indeed often the task of hiring and keeping skilled professionals can feel overwhelming, time consuming and exhausting! Partnering with sector specific recruitment agencies like Môrwell Talent Solutions can lead to significantly lower employee turnover rates. But why?
Access to Specialist Expertise
Recruitment agencies that specialise in particular sectors, such as accounting and finance, bring a wealth of industry-specific knowledge. We have an in-depth understanding of the roles we recruit for and the market conditions in the geographical area we cover, which in our case is South Wales. This allows us to identify candidates who are not only technically qualified but also a strong cultural fit for the organisation. Employees who align with a company’s culture and values are far more likely to stay in their roles long term.
A Broader Talent Pool
Recruitment agencies have access to an extensive network of candidates, including those who are not actively job hunting, but would be tempted by the right opportunity. This broader reach ensures that businesses in are introduced to talent they might not have found through traditional job adverts. By sourcing top talent, we help businesses make stronger hires, which reduces the likelihood of employees leaving due to mismatched expectations.
Rigorous Screening Processes
One of the main reasons businesses experience high turnover is poor hiring decisions. This can be lacking skills or a culture-mismatch. Recruitment agencies will conduct thorough screenings, including skill assessments, reference checks, and cultural-fit evaluations. This meticulous approach ensures that candidates are well-suited to both the job and the company. By presenting businesses with pre-vetted candidates, agencies help minimise the risk of hiring individuals who may not thrive in the role, ultimately reducing turnover rates.
A Positive Candidate Experience
Recruitment agencies play a critical role in shaping the candidate experience. From clear communication at the outset to personalised support, we ensure that candidates feel valued and well-informed throughout the hiring process. This positive experience not only enhances the employer’s brand but also fosters a sense of loyalty in new hires, contributing to longer tenure.
Strategic Workforce Planning
A good recruitment agency acts as a strategic partner, providing businesses with insights into hiring trends, salary benchmarks, and skills availability in the local market. Our 30 years + of experience in the accounting and finance recruitment industry in Cardiff and across South Wales means that we are able to offer invaluable advice to our clients.
By collaborating closely with clients, recruitment agencies like us help businesses anticipate future recruitment needs which allows us to implement proactive hiring strategies, reducing the risk of high employee turnover.
The Link Between Quality Hires and Retention
While exact statistics on turnover reduction vary, multiple studies highlight the correlation between hiring quality and employee retention. For instance, there is research which indicates that employees hired through specialist agencies are more likely to stay with a company due to better role alignment and clearer expectations. The key takeaway is that investing in a meticulous recruitment process can pay dividends in the form of lower staff turnover rates.
Why Choose Môrwell Talent Solutions?
At Môrwell Talent Solutions, we pride ourselves on finding the very best accounting and finance talent for businesses across South Wales, whether for permanent, interim, or temporary roles. Our 5-star Google rating reflects our dedication to delivering exceptional service and building lasting relationships with both clients and candidates.
If you’re a South Wales business, contact us today to find out how we can support your accounting and finance talent acquisition needs.