There have been two articles these past few weeks which prompted this post; one came into our email from Imriel Morgan at Talent Puzzle, referring to the fact that “Recruitment agencies can actually save you money!”(yes, you did read that correctly). Imriel, went on to say that “Having GOOD agencies in your arsenal can decrease the time it takes to hire by up to 2 weeks, a figure taken from Quarsh.com writer, Jason Collings article ‘The True Cost of Recruitment’. For anyone contemplating their recruitment budget and plan to hire strategies, we would definitely recommend a read.
The second came via a post from Lisa Jones at Barclay Jones ‘ I don’t need a recruiter (plus they c...
Lisa asked why it is that at a children’s Saturday football match, it was Lisa that was explaining why recruiters exist and that many of us (recruitment consultants), do not explain what we do well enough to help our potential customers, advocates and blockers, to give them more reasons as to why they need to use us:
So taking Lisa’s advice, here are some reasons why we think you should consider using a recruitment specialist to help you in your next hire and why we feel that recruiters are not only worth their fee but maybe a bit more too:
There is no doubt that recruitment is changing and recruitment consultants need to change too. As technology, organisations and the recruitment industry continue to evolve at a rapid pace of knots, the role of the generalist recruiter; who recruits all things for you, working in the same way that the industry has worked for the last 10, or 20 years, is unlikely to survive. We also accept that every company can hire some, if not a lot of their own staff, especially if they have a well thought out, planned recruitment strategy and fall-back position, but we do not believe that every company can hire every role, without the help of a Recruitment Specialist.
Recruitment Specialists: You may have seen a previous post from ourselves; When is a recruitment specialist not a specialist. Specialist recruiters are just that, they specialise in a particular market place, or industry and should have the knowledge, skill and expertise required to advise and deliver recruitment services and solutions in that space.
Our current team have over 80 years recruitment experience between them, with over 20 years specifically recruiting for the Customer Contact industry (our specialist market). Some of our staff have even worked in the Customer Contact industry as Managers and Agents themselves. At any given time, our team are hiring an average of 30 live roles (it can often be more), all within the Customer Contact industry and at a Managerial, or Executive level. This means our network and community are both far-reaching and substantial.
If we try to visualise recruitment talent pools you would find the specialist recruiters positioned around this pool with a number of channels and streams linking to it. The Recruiters should be casting their net; creating connections and making contacts, within this pool, many times a day, every day, every week and every year. The average Hiring Manager, or Internal Recruiter may also come to this pool but they may only cast their net in this particular area a few times a year.
Even if your business is hiring continuously, you will probably be working across many other recruitment pools, across various disciplines; Finance, HR, Sales, IT, Marketing, Engineering, Risk, Legal, Insurance, Procurement, Administration etc. As everyone knows, the more research and work you do in an area, the deeper your understanding is and the more knowledgeable you become, this is what happens with specialists and subject matter experts. As we recruit more in this area than many organisations will, we can delve much deeper and uncover much more, where a good number of recruitment campaigns might only just scratch, or catch, what is at the surface. Yes, everyone will see and find talent and information which looks suitable for the position but how do you know that the individual is the best available on the market, how will you have benchmarked them against the competition?
Traditional Candidate Attraction - The Short-List and Benchmarking:
For traditional searches and recruitment campaigns, each role we search, or, are asked to partner with an organisation on, we should immediately know a number of potential individuals who spring to mind and of course we will contact them but it is never as simple as this. The role may not suit them, they may be priced out of the search, may not be interested, or, they may just not be the best available for this role!. To complete a thorough search, recruiters should have a number of tools and channels at their disposal and be using each and every one of these to take a long-list of potentials, to a short-list of credible, skilled, interested parties:
All of the above present different resource challenges but for a recruiter whilst we are consulting on each position, we are continually benchmarking our industry, your competitors and the skills available in the market so that we know ‘what good looks like’. To deliver all of the above and more, it does take time.
The Time to Hire:
Even for the very best Recruiters or Resourcers who have the knowledge of where to find the skills, as well as the ability to engage with these talented professionals, the time to effectively source and select the best, experienced professionals can be the biggest challenge. In our experience, this is where many organisations struggle the most.
It is easy to lose a day or more, on LinkedIn when searching out talent for a new role. Advert responses can take days to sort through and following up, or, trying to make contact with talented individuals takes many days more. When there are limited skills or individuals suitable for your next hire, automated alerts and systems just don't cut it! Do you have the resources and more importantly the time to really do a great recruitment campaign?
Even if you have the time, time costs money too. Referring back to Jason Collings article; Jason estimates that assuming an average (hiring) managers salary is £65,000 the cost of management time at, 10 days per hire and including productivity loss, then this would equate to a time to hire cost of £10,400 and that is if you get it right first time.
How many times have you had to revisit the recruitment campaign due to a failed initial search, or unsuccessful advertisement? Have you ever had an offer rejected, or has your new employee been counter offered when handing in their notice? Has your new recruit been offered a better job elsewhere, worst still, did you manage to hire, only for the person to leave within the first 6 months or so?
Unlike other professions; lawyers and accountants for instance, even retained recruitment assignments are not charged at an hourly rate. Recruiter fees are a flat % of the remuneration offered. Regardless of the time to hire your recruiter’s fee remains the same.
No matter how much time we spend working with you to secure your successful hire and for some campaigns, this has been known to take 6-9 months of ongoing commitment to finding the ‘right person’, the recruiters fee will not change. This is why we still work with many UK and globally leading organisations, who call on us to support them for key hires, despite them having large teams of internal recruiters and resourcers as well. A good recruiter can save you time and money, as well as adding value to your recruitment process.
The Future of Recruitment:
As mentioned earlier, we believe and have started to see, that for good recruiters, fees will increase and recruiters will actually be paid more. In the future, the ability of recruiters to attract and bring to the hiring table specialist skills and talented, experienced individuals, that you cannot find yourself, will be what sets Recruitment Consultants apart. We believe that this is where you will pay more to work with those recruiters and incentivise those recruiters to work for you. Here at Douglas Jackson we have already seen some examples of this with some recent recruitment assignments.
A growing economy, higher demand, increased expectations, continued business advancements and emerging roles have all contributed to the fact that global talent shortages are being projected across industries. The challenge for organisations to attract the very best of talent goes on; those recruiters who can evolve and build engaged, trusted relationships with their talent communities so they can continue to deliver the required skills and experience required, will earn and be worth their fee and maybe a bit more too…
What do you think, do you believe recruiters are too expensive, or has a recruiter added value to your business and operation? Do let us know by commenting here.