Recruitment agencies are the firms that have majorly specialised and have in-depth knowledge of a specific employment sector. A company should hire a recruiting agency because it is a hard process for the company to find a well-qualified candidate for their company. The recruiting process would need a lot of time and money. So, many companies hire recruiting agencies so that they get sufficient time to expand the business and give training to the existing employees so that they execute better.
Organisations have to incur extra cost on advertising the job but when the companies hire these recruiting agencies then this extra cost is cut as these agencies have the data of all the candidates seeking the job.
Recruitment agencies are also significant if some company is in requirement of the employees immediately then instead of starting the whole process of recruitment again the company can approach these agencies. If a company has hired a recruiting agency then the agency has to keep the entire information of the candidate that they have given to the companies and make sure that they are working according to the companies rules and regulations.