PNI•HCM Expands Services with The Encompass Group Partnership, Adding Talent Acquisition to HR Solutions
September 10th, 2024 7:00 AM
By: HRmarketer Editorial
PNI•HCM partners with The Encompass Group to offer comprehensive talent acquisition services, enhancing their existing HCM solutions. This collaboration aims to address recruitment challenges and improve employee retention for businesses.
In a significant move for the human resources industry, PNI•HCM has announced a partnership with The Encompass Group to incorporate talent acquisition services into their existing suite of HCM solutions. This strategic alliance, revealed on September 10, 2024, is set to revolutionize how businesses approach hiring and retention, addressing critical challenges in today's competitive job market.
The partnership comes at a crucial time when the cost of bad hires is increasingly impacting businesses. According to the U.S. Department of Labor, a mismatched hire can cost up to 30% of an employee's first-year salary, not including the resources expended on restarting the recruitment process. The Encompass Group's culture-first approach and innovative talent acquisition strategies aim to mitigate these risks by ensuring better-fit hires and improved cultural compatibility.
By combining PNI•HCM's expertise in payroll and HCM with The Encompass Group's recruiting prowess, the partnership offers a comprehensive solution for the entire employee lifecycle. From hiring and onboarding to engagement and retention, businesses can now access a unified platform to manage their workforce effectively.
Mary Grothe, Chief Revenue Officer of PNI•HCM, emphasized the partnership's focus on creating lasting employee experiences. Grothe stated, "The Encompass Group approaches talent acquisition with an eye on retention, a focus that corresponds beautifully with PNI•HCM's dedication to creating engaging employee experiences that stand the test of time."
The collaboration extends beyond traditional recruitment services. It includes full-service recruiting, offering direct hire contingent recruiting and executive search services to PNI•HCM's clients. Additionally, The Encompass Group brings its talent consulting services to the table, providing interview training, recruitment strategy guidance, and candidate experience audits to empower internal recruitment efforts.
Joyce Godbey, Vice President of Talent Acquisition at The Encompass Group, highlighted the synergy between the two companies, noting, "It's easy to place elite candidates when you know they are going to organizations like PNI's clients, who are dedicated to building frameworks for employee satisfaction and growth."
For HR professionals and business leaders, this partnership represents a significant advancement in addressing the complexities of modern workforce management. The integrated approach offers a streamlined solution to the often fragmented processes of recruitment, onboarding, payroll, benefits administration, and employee engagement.
The collaboration between PNI•HCM and The Encompass Group reflects a growing trend in the HR industry towards more holistic, employee-centric approaches to talent management. By focusing on cultural fit and long-term employee satisfaction from the outset of the hiring process, companies can potentially see improvements in retention rates and overall workforce productivity.
As businesses continue to navigate the challenges of attracting and retaining top talent in a competitive job market, partnerships like this offer new tools and strategies to gain an edge. The integration of talent acquisition services with comprehensive HCM solutions provides a more cohesive approach to workforce management, potentially leading to better hiring decisions, improved employee experiences, and ultimately, stronger business performance.
HR professionals and business leaders should take note of this development as it signifies a shift towards more integrated, full-lifecycle employee management solutions. As the partnership between PNI•HCM and The Encompass Group demonstrates, the future of HR technology and services lies in comprehensive, interconnected systems that address every aspect of the employee journey, from recruitment to retirement.
Source Statement
This news article relied primarily on a press release disributed by 24-7 Press Release. You can read the source press release here,