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But for some of them, this practice
is raising the red flag.
Once this becomes the practice among recruitment consultants, particularly those who specialize in key management positions, employers may wonder about the quality of recruits of these consultants or which part of their service are being "diluted" to offset the smaller profit spreads.
Once this becomes the practice among recruitment consultants, particularly those who specialize in key management positions, employers may wonder about the quality of recruits of these consultants or which part of their service are being "diluted" to offset the smaller profit spreads.
Although the prospect of hiring a price-diving
recruitment agency may seem appealing, in reality it’s a false economy.
By the time you’ve wasted hours and days sifting through resumes, weeding out the unsuitable applications and pre-screening candidates – essentially doing the work that a consultant should be doing for you – it will soon become apparent that the money you thought you saved are just eaten by lost productive hours.
By the time you’ve wasted hours and days sifting through resumes, weeding out the unsuitable applications and pre-screening candidates – essentially doing the work that a consultant should be doing for you – it will soon become apparent that the money you thought you saved are just eaten by lost productive hours.
Or it could be worse.
If a budget recruitment service results in a less than perfect hire, and the new employee leaves, then you'll be faced with a whole range of hidden costs not to mention the negative impression of upper management.
And that does
not include the cost of starting the hiring process all over again from
scratch.
Come to think of it. If you factor in the losses you incur and wasted time brought about by a bad experience with a recruitment consultant, the fees are irrelevant.
Price certainly comes a distant second
to the importance of finding a consultant that provides a truly
valuable service.
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So before you sign along the fine prints, make
sure you choose a consultant that fills all
of the following criteria:
Have Industry
Expertise
Unless your recruitment needs are very
general, as much as possible, choose a consultant that is familiar with your industry.
If they don’t understand your business, then they’ll find a hard time to scout
for the most suitable candidates.
Casts a Wide
Net
The best candidates for any position
are those who are not looking for a job and the ideal recruitment consultant
dig deep for those types. They don’t limit themselves to picking up scraps from
online job boards.
Have an In-depth
Screening System
Once a consultant understands what type
of a candidate you need, the last thing you want is to be handed 20 resumes
and you are left to figure out which ones are best suited for your requirement. A diligent recruitment agency will spend
considerable time pre-screening candidates, and only introduce you a shortlist
of 3 people who are most fitted for a position.
Offers a Guarantee
A good sign that you are dealing with a
capable consultant is when you are offered a guarantee. Otherwise beware. This may mean that they’re not fully confident
in their ability to find you the right candidate.
Have a High Employee Retention Rate
It’s not enough that consultants are able to meet 100% of your hiring criteria. As much as possible, none of their candidates quit within 12 months. Ask for track records on their retention rates.
Have a High Employee Retention Rate
It’s not enough that consultants are able to meet 100% of your hiring criteria. As much as possible, none of their candidates quit within 12 months. Ask for track records on their retention rates.
Conduct Post-placement
Follow-ups.
Once a recruitment consultant places a
candidate, they regularly check on their candidates
every now and then within six months or so and help out their candidates settle down and adjust to their new work environment.
We all know
that a significant factor that spells the difference between smooth operations
and chaos in any organization is middle management. They are the sandwich layer between top management and rank and file. They are
in the unique position to command the respect and cooperation of those below the hierarchy,
to effectively implement the policies and programs of those at the top.
It is
critical therefore that you are able to get the best possible candidates to
fill up vacancies at this level of your organization to ensure the smooth
operations of your business in the long term.
Should you decide
to make use of the services of recruitment consultants, consider first those
with a wide breadth of experience, industry exposure and reach to potential
talents, before looking at what they have to offer in terms of price.
What's your experience in this area? Why don't you share your views and comments below so that other HR practitioners in this community may also benefit from your ideas, or vice-versa.
UP NEXT: What's The Future of Technology in Recruitment and Hiring. It predicts how technology will affect recruitment and hiring practices in the future and how they will impact your future hiring activities.
UP NEXT: What's The Future of Technology in Recruitment and Hiring. It predicts how technology will affect recruitment and hiring practices in the future and how they will impact your future hiring activities.


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