The partnership between PNI•HCM and The Encompass Group integrates expert-led talent acquisition services into PNI•HCM's human capital management offerings, addressing critical recruitment and retention challenges businesses face. This collaboration comes at a time when poor hiring decisions carry significant financial consequences, with the U.S. Department of Labor reporting that a bad hire can cost up to 30% of an employee's first-year salary, excluding additional resources needed to restart the talent search.
Mary Grothe, Chief Revenue Officer of PNI•HCM, emphasized the partnership's alignment with creating enduring employee experiences, stating the collaboration aims to reinvigorate the excitement of team expansion. The Encompass Group brings its innovative recruiting strategies to complement PNI•HCM's expertise in payroll and HCM, focusing particularly on retention and long-term employee satisfaction.
The partnership introduces full-service recruiting as a key offering, providing direct hire contingent recruiting and executive search services to PNI•HCM's clients. Additionally, The Encompass Group contributes talent consulting services including 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, noted the advantage of placing elite candidates with organizations dedicated to employee satisfaction frameworks like PNI•HCM's clients.
This collaboration is particularly relevant in today's complex job landscape where positive candidate and employee experiences are crucial for attracting and retaining top talent. By integrating The Encompass Group's culture-first approach and transformative talent acquisition strategies with PNI•HCM's comprehensive HCM solutions, the partnership offers a holistic approach to workforce management. PNI•HCM's existing services including onboarding, payroll processing, benefits enrollment, and on-the-job training will now be complemented by The Encompass Group's expertise in talent acquisition.
The comprehensive offering provides businesses with a single, trusted resource for managing their workforce from recruitment to retirement, potentially transforming how companies approach workforce strategies. This partnership represents a significant development in the HCM industry by addressing the full spectrum of human capital needs from initial recruitment to long-term employee engagement. For HR vendors, this integration signals a growing market expectation for bundled solutions that combine traditional HCM functions with specialized talent acquisition expertise.
The collaboration's emphasis on mitigating hiring risks through expert-led services could drive increased demand for integrated talent management solutions across the industry. As businesses continue to navigate talent shortages and retention challenges, partnerships like this one between PNI•HCM and The Encompass Group may establish new standards for comprehensive workforce management offerings. The integration of these services addresses both immediate hiring needs and long-term employee development, potentially creating more sustainable talent pipelines for organizations across various sectors.
