A number of potential job seekers have expressed concern over whether or not we have a wide enough selecting of employers to suit all of the candidates’ needs. Furthermore, many of the well qualified candidates would like employment opportunities that include more perks and more sought after working environments.
I feel that the best way to service these job seekers needs is to establish a working relationship with the companies on the Fortune 100 List of the Best Places to Work. These workplaces offer some of the best work environments for employees along with a number of perks. I feel that this will help us to attract more top notch job seeker candidates who attended saint Leo University. Furthermore, I feel that the job seeker will gain a greater level of satisfaction from our services.
I have put together a report concerning the benefits to an employment/placement agency of building a working relationship with the Fortune 100 companies located in Florida. I would be happy to discuss the issue with you at your convenience.
Executive Summary
Throughout this report, I discuss the functions of an employment/placement agency and how it can benefit from establishing a working relationships with the companies on the Fortune 100 Best Companies to Work for List. I discuss some of the perks and benefits that these companies have to offer employees that is the reason that they made this list. I identify some of the companies on the list that the alumni of Saint Leo University who utilize the services of this employment/placement agency can benefit from the agency building a working relationship. Furthermore, I discuss which companies on the Fortune 100 Best Companies to Work List would best serve the graduates of Saint Leo University and our company.
Employment /Placement Agency & Fortune 100 Best Companies
Introduction
As a recruiter for a national employment/placement agency, it is important to understand the benefits of establishing important relationships with clients. Furthermore, these should not be just any clients. It is important to establish professional working relationships with large clients that clients will want to work for. Establishing working relationships with the most sought after companies, will help an employment/placement agency build clientele. These relationships can benefit the employment agency, the clients, and the potential employees. The Fortune 100 list of the best companies to work for are great companies with which an employment/placement agency will want to build some working relationships. Throughout this paper, I will detail the benefits of building a working relationship with the companies on the Fortune 100 Best Companies to Work For List. Furthermore, I will discuss some specific companies on the list with which the employment agency may want to build a working relationship.
What Does an Employment Agency Do?
An employment/placement agency is an agency that matches potential employers with employees that suit their hiring needs. There are a number of different employment agencies, both public and private, throughout the United States that service the needs of different industries. These agencies can provide services to those seeking employment from entry level positions to executive positions. Some employment agencies work by charging a fee to their clients, mostly companies, for finding suitable employees that meet their needs. Others work by taking a percentage of the employee’s pay as compensation for find a position for the employee. The majority of the employment/placement agencies that find long term positions for potential employees operate in the first way. Still more, charge a person who is seeking an executive level position a fee for find that person employment opportunities that match his or her skill set. In addition, a company may seek the services of an employment/placement agency to find executives that meet the needs of their company. In this instance, the employment agency generally is hired on a retainer basis and given set standards for their potential executives (See Jaracz). Moreover, employment agencies can help potential employees gain more skills for the positions that they desire. Employment agencies also offer their job seekers access to job training (See Jaracz).
Many employees find it tough to find a good job in their field of work. A potential job seeker may send out tens or even hundreds of resumes without receiving the response that he or she desires. This can get frustrating. In addition, the job seeker may be doing something wrong or in an inefficient manner when searching for employment. This is because the job seeker may be knowledgeable in the field in which he or she is seeking work; however, he or she may possess little to no skills in locating a job. An employment/placement agency can help the job seeker increase his or her chances of finding a job that he or she is qualified for and desires. The placement agency may have better knowledge of the companies that are hiring and what each position entails. Furthermore, the employment agency knows who to contact regarding follow up for the position and scheduling an interview. In addition, going through an employment agency can help to give the person doing the interviewing at the company some confidence that the potential candidate is someone who may fit one of the positions that the company has available. Moreover, the employment/placement agency can answer questions that the potential employee has about the position to make sure that the jobs the potential employee is applying for are ones that they will find desirable.
Employers, too, may find it tough to find employees that meet their needs. Employers may not want to spend a great deal of time interviewing candidates that do not match the job criteria for the positions that they have open. Therefore, many of these employers will turn to employment/placement agencies in order to have the employment/placement agency seek out potential candidates and weed out the undesirable ones. ‘For employers, an employment agency can take the grunt work out of human resources. Filing an open position takes time and money. The American Staffing Association estimates that hiring a worker can cost 7 top 20 percent of that position’s salary and take 30 to 45 days to fill. This can be pretty taxing on some companies, so it’s worth their while to farm out the hiring process to a recruiter at an employment agency” (Jaracz).
How Can Establishing Good Working Relationships Help the Employment Agency Do Its Job Better?
It is very important to an employment/placement agency’s success for it to establish relationships with clients that are looking for quality employees. Furthermore, the employment/placement agency will want to make sure that the companies have something to offer their employee that will keep the employees in the position for sustained periods of time. An employment/placement agency will want to build relationship with companies of a substantial size, that will do a significant amount of hiring, and that offer great perks and benefits to job seekers so that the agency can attract good job seeker candidates and get them to apply to these positions. Therefore, it is good for an employment/placement agency to establish working relationships with the most desirable places to work. Establishing working relationships with the companies of the Fortune 100 Best Places to Work List can benefit an employment/placement agency greatly in terms of attractive the best job seeker candidates. Furthermore, many of these companies are of a substantial size and plan to do a good deal of hiring which means that the employment agency will receive a larger amount of compensation for providing these companies with the suitable job seekers that they need.
The Fortune 100 List
There are a number of different types of companies on the Fortune 100 List. The top ten are as follows: Google, SAS, the Boston Consulting Group, Edward Jones, Quickens Loans, Genentech, Salesforce.com, Intuit, Robert W. Baird & Co., and DPR Construction. All of these companies have over 1,000 employees; Google actually employees more than 40,000 employees. Many of these companies offer perks that many jobs seekers will want in a company. Some of these companies provide benefits such as on-site child care, on- site gyms, gym memberships, paid sabbaticals, and telecommuting, among other perks. Some of the other companies rounding out the top 100 Best Places to Work are: Baptist Health South Florida, Whole Foods Market, Marriott International, Aflac, PCL Construction Enterprises, American Express, Microsoft, and Navy Federal Credit Union (CNNMoney).
The article “Creating a Great Place to work: Lessons From 2010’s Fortune 100 Best Companies to Work For” states that trust is the main thing that makes the companies on the list great places to work. The article states that trust has three main components: “The relationship between employees and management, the relationship between employees and their jobs/company (pride), and the relationship between employees and other employees (camaraderie)” (Gaspary, 2010). The article states that the perks that some of the things that these companies do for their employees is to motivate, empower, listen, thank, develop, care celebrate, and share (See Gaspary, 2010). These companies offer benefits such as: job sharing, telecommuting, compressed work weeks, flexible scheduling, phased retirement, paid sabbaticals, child services, dry cleaning, on-site mailing, free beverages and snacks, and personal travel experience (See Gaspary).
Employment/ Placement and Saint Leo University
Saint Leo University is a private university located in Saint Leo, Florida. It is a Roman Catholic University that offers students the opportunity to obtain an education in a number of liberal arts majors. Saint Leo University is the sixth largest Catholic college in the United States. It boasts seventeen continuing education centers in seven states across the country including: California, Georgia, Mississippi, South Carolina, Texas, and Virginia, Furthermore, the university offers distance learning opportunities on a number of military bases throughout the country. Approximately 16,000 students are enrolled at Saint Leo University, the majority of these students being military base students. Furthermore, a little over 2,000 student attend the university’s primary campus approximately 35 miles from Tampa, Florida. The university offers forty certificate, associates, bachelors, and master’s degrees programs.
Saint Leo University is a well-respected university that received recognition from U.S. News & World Report in 2011 for being one of the nation’s ‘Top Universities in the South.’ Furthermore, Saint Leo University is considered to be one of the top online universities, ranking seventeen in the Guide to Online Schools.
Saint Leo University offers a wide range of majors. The majors that Saint Leo University has to offer include: Biology, English, Global Studies, History, Mathematics, Medical Technology, Political Science, Psychology, Religion, Sociology, Accounting, Communication Management, Computer Information Systems, Computer science, Economics, Health Care Management, International Tourism and Hospitality Management, Management, Marketing, Multimedia management, Sports Business, Criminal Justice, Education, and Social Work. The university also offers graduate programs, in business administration, accounting, theology, criminal justice, education, and social work. Because of the wide variety of majors and academic fields that Saint Leo University has to offer, it would be beneficial for an employment/placement agency servicing their students to have a wide variety of companies for which these are doing the recruiting.
Special Companies on the Fortune 100 List to Target
The Fortune 100 Best Places to work includes a wide range of industries and sectors. Therefore, there are a number of companies on the list with which it would be beneficial for an employment/placement agency to build a working relationship. On can assume that Google, number one on the list of top 100 best places to work with more than 40,000 employees, has its own very efficient recruitment and screening process and does not need to outsource.
It may be best to pick companies that are based, or have offices in the Florida area, since that is where the majority of graduates from Saint Leo University probably reside. The Florida Trend Magazine also has a list of Top 100 Companies to Work for in Florida. Upon cross-referencing the list with the Forbes 100 Best Companies list, there are several large companies that are on both lists. These companies include: Edward Jones, DPR Construction, PCL Construction, and Navy Federal Credit Union. Baptist Health South Florida, headquartered in Coral Gables, Florida is also on the list. Baptist Health South Florida, number nineteen on Fortune’s list, offers up to $10,000 in forgivable loans to employees who are first-time home-buyers. As Saint Leo University offers majors in both Medical Technology and Health Care management, it would be a good idea to build a working relationship with this company. Edward Jones is the fourth largest financial firm in the United States; it boast a turnover rate at an industry low 8%. As Saint Leo University offers a number of Master’s in Business Administration, it would be very beneficial for the graduates for the employment/placement agency to build a relationship with this company. The Navy Federal Credit Union, which offers job security with no lay-offs as one of its biggest perks, may also be a good company with which the employment/placement agency may want to build a relationship. Additionally, DPR Construction and PCL Construction may be a good fit for graduates to work in a supervisory capacity in the management sector of the company.
Conclusion
It is in the best interest of an employment/placement agency to align itself with the best companies with which to work. Being aligned with these companies will attract the more and better job seekers to the agency. Furthermore, more applicants can be directed toward that company, thus making their relationship more valuable. Employees want to work for companies and with people that they can trust, and the companies on the Fortune 100 Best Companies to Work For list gives employees just that. Additionally, employees and potential employees want perks over and above a pay check. A number of the companies on the list offer these extra incentives to employees. I would recommend that the employment agency builds a relationship with Baptist Health South Florida to find employment opportunities for saint Leo University’s graduates with a health care or medical concentration. Additionally, I would recommend that the agency build relationships with Edward Jones, a financial services company, and the Navy Federal Credit Union. Additionally, DPR Construction and PCL Construction may have some front office jobs available for those graduates who majored in management.
Works Cited
“100 Best Companies to Work For 2014.” CNNMoney.com. Retrieved from:
money.cnn.com/magazines/fortune/best-companies/2014/list/?iid=BC14_sp_full
“Florida’s Best Companies to Work For 2013.” FloridaTrend.com. Retrieved from:
http://www.floridatrend.com/best-companies
Gaspary, S. “Creating a Great Place to Work: Lessons from 2010’s Fortune 100 Best Companies
Jaracz, J. “How Employment agencies Work.” HowStuffWorks.com. Retrieved from:
http://money.howstuffworks.com/business/getting-a-job/employment-agencies.htm/printable
