As a relative outsider to recruitment, I was wondering if anything has changed in recruitment?
I know things are tough but is everyone just waiting for the good times to return, for things to return to normal or has anything significant happened to change how the industry works?
I never fully understood the business model. It appears to reward poor performance. The higher an employers staff turnover, the more business a recruiter gets. It seems a bit strange and I genuinely welcome a more detailed explanation.
When something as big as this crunch hits an industry, where incomes reduce by 50% or more, you would normally expect something fundamental to change. This is because a slight reduction in price isn't going to be enough. A radical change to the business model is almost expected.
So what can we expect to see change in the recruitment industry? What change to the business model can we expect?