Being a quitter has never been easier. With salaries on the rise after a long awaited economic recovery, more and more workers are jumping ship to take advantage of better pay. And who could blame them?
Turnover rates have hit a 17-year high. Just under half of all workers are leaving in the first 12 months of the job, and over half of those are making their departures within a mere 90 days.
Not to mention, Millennials are the largest segment in the workforce, and they’re three times more likely to walk out of position in the first year, as the majority of them feel disconnected with the companies who are signing their paycheck.
But despite the obvious movement today’s workforce is making, most staffing agencies haven’t gotten the message: redeployment should be front and center to play a strategic role in an agency’s business model.
If redeployment hasn’t been top of mind, it’s not too late to get ahead of the curve. Only 6% of agencies even track redeployment rates, and more than half of agencies fail to find second placements for 25% of candidates.
Redeploying workers is one of the fastest, most affordable methods of placement available to staffing agencies, period. And not only does redeployment save agencies money, but it also generates income by decreasing time to place. As an added bonus, it increases the number of placements a company is able to make.
To break it down a bit more, here’s why prioritizing redeployment is advantageous for agencies who want (and need) to outpace their competitors and move their bottom line:
At a time when historically low unemployment rates and high-demand hiring needs have come together to make work seemingly impossible for recruiters, adding increasing redeployment to a recruiter’s already full plate could mean disaster for staffing agencies.
It’s easy to think that leveraging redeployment is the one and done solution to boosting ROI, but it could just be the straw that breaks the recruiter’s back. The answer to doing more work without adding more work for recruiters, is to turn to AI solutions. They will boost a staffing agency that’s stretched thin and to achieve a high-volume, high-touch business model.
Like magic, AI technology was made to automate the recruiting process. AllyO is a solution that’s a fast, cost-effective way to manage relationships with employees and candidates. A solution like AllyO relies on reaching employees where they want to be reached, on their mobile device, to develop a consistent and ongoing feedback process. This way of communicating benefits players on both sides of the equation.
Here’s how AllyO can simplify redeployment:
Interested to know more about how AI can increase ROI and also become a valuable resource for staffing agencies? Download the ‘End-to-end AI Technology: the Gamechanger in the Staffing Industry’ eBook.
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