interesting research
Just been introduced to jobvite (www.jobvite.com) who have just received some additional funding. What caught my eye was a piece of research they provided free of charge, get yours here: http://recruiting.jobvite.com/2009-social-recruitment-survey.html.
72% of respondants suggested that they were investing less in using 3rd party recruiters this year. 72%! That is a HUGE number and I really want to find out why. My thoughts are:
1. (recruiters) are too expensive (typically 25% – 30% of base salary charged)
2. quality of candidates identified is poor (limited pre-qualification)
3. continued or new investment in an internal team
4. purchase of social media memberships (corporate solution for linkedin for example)
5. just dont need them because hiring needs are limited
I’ll run a poll on this and come back to you – other ideas for the list welcomed.
Naturally, as a recruiter, I’m biased on my thinkiing as to why companies should utilize the network access we have to candidates. What I believe many companies are failing to do is to embrace selected, vetted and specialized recruiters as business partners, providing better guarantees on hires and preferred rates, which (specifically in response to my previous post), come in at well under the cost of having people do it in-house for them, while reducing additional costs such as employee cost and time-management burdens.
While the service of a well experienced and networked recruiter can never be under-estimated, we’re still under the same umbrella of ‘only being as good as our last placement’. Higher levels of client committment generate higher levels of recruiter responsibility and accountability. Clients! Test us to support you, but commit to us when we do!
