Why market research is considered important for staffing industry?

The companies providing employment services Israel are hugely benefitted by conducting marketing research as it helps in understanding the current as well as seasonal market trends prevailing in the industry. An in-depth research of the staffing industry also helps in understanding the requirements of the client companies and then accordingly devising the strategies to best fulfill those requirements.
Mentioned below are some of the ways in which market research proves to be beneficial:
  • Market insights
Related image
The market insights can be used to understand what the candidates are looking for. The data can be used to ascertain the needs of both the employer and applicants. Thus, different aspects of staffing industry can be easily understood.
  • Demand and supply of talent
The market research can be used to determine the level of competition prevailing in the market. It can be a case that there is an overflow of candidates for a particular job position in one location while there may be a scarcity of candidates for the same job position at another location. These insights on demand and supply of the candidates helps in devising effective solutions.
  • Applicant behavior
The companies providing payroll services Israel use the facts and data of the market research to understand the various factors which drive applicants to apply for different jobs. They even derive the reasons a prospective candidate is looking for a job and the medium they are using for reaching out to a prospective employer. For instance, if you see that more and more candidates are attending the seminars and events organized by employer of records Israel, it is better to encourage the same and continue with organizing more and more of such events. In case, it is the online platform which is gaining more popularity amongst the candidates, post job postings there.

  • Staff retention

Image result for Staff retention
Engaged employees tend to work for a longer period of time. This is the reason it is important to understand the factors that keep employees motivated to work with full dedication for the organization. The research will also give an idea on the areas where the company is lacking in order to keep the workforce in a happy and productive mode. The strategies, thus can be developed keeping into consideration the objective of retention of workforce.
  • Hot markets
The data also reveal the hot markets of the staffing industry. Thus, before deciding upon the area of specialization for your company, it is of great importance to ask the employment firms to tell the hot markets available in the industry. Building the business on accurate facts and figures help in the growth of the firm.
Thus, in a nutshell, it is the market research which helps in hiring efficiently and smartly. The data obtained through market research can be leveraged to tackle a number of hiring problems. Thus, the information collected through market research should be carefully analysed to create an effective hiring strategy.

Comments

Post a Comment

Popular posts from this blog

The Role Of The Recruitment And Employment Agency

Image
When it comes to finding a job, employment agencies perform a big role. Active agencies will often outsource their employment needs to a particular company that will then take care of things such as shortlisting, interviewing, and reference checking. Staffing agencies can play a big role in helping you discover the right applicants for critical tasks or positions without putting unnecessary stress on your human resources department. The best employment agencies will be able to exceed your objectives by ensuring that no probability steps into your office unless they meet all of your requirements. What Does The Recruitment Agency Do? Recruitment Agencies In Israel are employed by agencies wanting to fill up a particular place within their company. The employment company will then use the details provided by the company to place a commercial on appropriate websites so that job hunters can apply. Once the job has been published and the programs begin coming, it is the j...
Read more

Role And Liabilities Of EOR Service Providers For Making The Right Choice

Image
Managing the expansion of a business into overseas markets can be a complicated task. This is especially true in case of organizations seeking growth opportunities in countries like Israel, where the labour laws tend to be extremely stringent. However, with the growing need to cater to a global audience for better business sustenance, most organizations have no option than to take up this challenge. In this context, partnering with the right company offering the services of employer of record Israel can prove extremely beneficial. This single decision can go a long way in enhancing the business productivity and goodwill besides ensuring that the expansion is carried out in a successful manner. Choosing The Right EOR Service Provider Hiring the right EOR service provider can help business organizations to ensure that they enjoy a positive employer-employee relationship with the members of their workforce. This is because such service providers ensure that the employees ar...
Read more

Key Ideas For Choosing Right Employer Of Records Service Providers In Israel

Image
With the world becoming a smaller place, business organizations are taking up the opportunities to expand into new markets such as Israel. This often requires them to hire remote workers or assign employees to their local corporate units in these markets. However, any times, the business organizations might not feel inclined to invest their time, money and efforts in setting up a branch office or a subsidiary in the foreign markets. Sadly, this does not eliminate them from the responsibility of providing payroll services and ensuring compliance with the various employment and taxation laws. In such cases, hiring professionals offering reliable employment of records and payroll services Israel can provide the best solution. Discussed below are the key pointers that can help overseas organizations to choose the right providers of such services. Understanding The Provisions Of Their Contract The companies providing EOR and payroll services should offer contracts with provision...
Read more