The recruitment process in India is designed in such a way that each candidate gets the desired profile according to its own choice. Place the candidate from the right profile, the best job recruitment agencies, the solution is the end of most Indian job recruitment agencies.
The job recruitment agencies in India involves identifying those posts, preparing the job description and person specification, advertising, management of the response, the prequalification process, organizing meetings, conducting interviews, making decisions, the appointment and action. This means that a lot of time and resources must be invested before the right candidate is selected.
Most recruitment agencies in India follow three stages in the recruitment process, which are essentially short list of application, preliminary assessment and final interview and selection.
The recruiting India process may include a written test to judge the particular skills of a candidate. In this case, the test must be carefully prepared, not to deviate from the subject. Much can be found on the candidate's resume. A good presentation of his resume is in an organized way and refined talk a lot on the individual. His mentality and attitude can be judged according to his resume.
Then the interview, which is an important and crucial part of the recruitment process. The person who takes the interview of the candidate must be well prepared in advance. Concerns such as the location of the interview, the timing, structure of the question of strategy, the style of taking the interview must be decided in advance, so that nothing is excluded, and all subjects properly treated.
In addition, there are a number of things that must be taken into consideration in the recruitment process. Until the final decision about a certain candidate is taken, it is important to keep in regular contact with the candidate. The decision-making process should not take too long to prevent candidates from taking any other occasion. An applicant must be informed once the decision is made. He or she must say the entire process of his appointment clearly with the details of all documents to be submitted. A record should be kept of the candidate file for future reference.
The recruitment process must be strong and justified and shall withstand external scrutiny. Only a good job recruitment agency with a good understanding of the area and the process can execute the same success. In India, most of the recruitment agencies to understand the needs of clients and candidates and they work in a planned way to recruit people.
Tuesday, February 3, 2009
Sunday, January 4, 2009
Job Hopping: How to make a smooth transition
Job Hopping: How to make a smooth transition
Before quitting your current job and moving on to a new place, make sure you fulfil all the formalities.
The days of lifetime association with one single organisation are long gone. With new opportunities coming up regularly, job hopping is the order of the day.
Here is a check list of things that need to be taken care of before taking up a new job.
Salary account
Most corporate employers credit salaries to the employees’ bank account. To facilitate such transfers, employees are asked to open ‘zero balance’ saving bank account in the same bank which the employer uses.
The trouble is when you quit, the ‘zero balance’ nature of the account ends. In most cases, you need to maintain a quarterly minimum balance, which may amount up to Rs 10,000.
Failing this, the bank debits your account with the minimum balance charges which may range between Rs 150 to Rs 750 per quarter. Besides the risk of incurring charges, there is a possibility that you may have been giving standing ‘payment instructions’ on a salary account.
To avoid such problems, keep your salary account free of any transactions other than credit of salary. Maintain a bank account other than salary account which can be used to make all the other payments . This works best for those who frequently change jobs.
Provisional tax statement
Many employers offer salary projection along with the salary statement, which includes the amount of tax deducted at source in the current financial year.
If such a projection statement is not provided to you, do ask for the amount of tax deducted, as the same is asked for by your next employer.
Loans and other outstanding
Often employees avail of loan facilities provided by their employer. Needless to say, these need to be paid off before the employer gives a relieving letter.
The best way out is to get the employer loan refinanced by a bank before changing jobs. This is because getting a loan in a new job is usually difficult as banks prefer to lend to those with at least one year of employment history.
Insurance and other facilities
If there is a break between jobs, there is also a break in the group health insurance cover provided by your employers.
Hence don’t rely on employer’s insurance and buy some insurance on your own, if you have not done that till date. You need insurance even when you are unemployed.
Also, the terms of many group policies require that the employee work for a certain period, say one year, before benefits can be extended to family members.
If you are dependent on your employer for providing insurance to your dependents, you need to buy insurance to take care of this uninsured gaps.
Provident fund and other dues from the employer
Ensure that you fill up the forms for transfer of provident fund when you join the new company. If you intend to withdraw the provident fund, the process starts 60 days after the separation.
Ensure that you have filled in the withdrawal forms and handed it over to the previous employer along with your bank account details for smooth encashment of provident fund. In case of annuity, do provide your bank account details to your employer, who in turn pass on the information with the insurer and facilitates payment of pension in the bank account.
Change of address
If you have given your office address as the address of communication for your bank account and other money matters, do change it immediately. First, this deprives you of any important communication sent by your banker. Worse is when somebody, who is not supposed to access such information, can misuse it.
Before quitting your current job and moving on to a new place, make sure you fulfil all the formalities.
The days of lifetime association with one single organisation are long gone. With new opportunities coming up regularly, job hopping is the order of the day.
Here is a check list of things that need to be taken care of before taking up a new job.
Salary account
Most corporate employers credit salaries to the employees’ bank account. To facilitate such transfers, employees are asked to open ‘zero balance’ saving bank account in the same bank which the employer uses.
The trouble is when you quit, the ‘zero balance’ nature of the account ends. In most cases, you need to maintain a quarterly minimum balance, which may amount up to Rs 10,000.
Failing this, the bank debits your account with the minimum balance charges which may range between Rs 150 to Rs 750 per quarter. Besides the risk of incurring charges, there is a possibility that you may have been giving standing ‘payment instructions’ on a salary account.
To avoid such problems, keep your salary account free of any transactions other than credit of salary. Maintain a bank account other than salary account which can be used to make all the other payments . This works best for those who frequently change jobs.
Provisional tax statement
Many employers offer salary projection along with the salary statement, which includes the amount of tax deducted at source in the current financial year.
If such a projection statement is not provided to you, do ask for the amount of tax deducted, as the same is asked for by your next employer.
Loans and other outstanding
Often employees avail of loan facilities provided by their employer. Needless to say, these need to be paid off before the employer gives a relieving letter.
The best way out is to get the employer loan refinanced by a bank before changing jobs. This is because getting a loan in a new job is usually difficult as banks prefer to lend to those with at least one year of employment history.
Insurance and other facilities
If there is a break between jobs, there is also a break in the group health insurance cover provided by your employers.
Hence don’t rely on employer’s insurance and buy some insurance on your own, if you have not done that till date. You need insurance even when you are unemployed.
Also, the terms of many group policies require that the employee work for a certain period, say one year, before benefits can be extended to family members.
If you are dependent on your employer for providing insurance to your dependents, you need to buy insurance to take care of this uninsured gaps.
Provident fund and other dues from the employer
Ensure that you fill up the forms for transfer of provident fund when you join the new company. If you intend to withdraw the provident fund, the process starts 60 days after the separation.
Ensure that you have filled in the withdrawal forms and handed it over to the previous employer along with your bank account details for smooth encashment of provident fund. In case of annuity, do provide your bank account details to your employer, who in turn pass on the information with the insurer and facilitates payment of pension in the bank account.
Change of address
If you have given your office address as the address of communication for your bank account and other money matters, do change it immediately. First, this deprives you of any important communication sent by your banker. Worse is when somebody, who is not supposed to access such information, can misuse it.
Wednesday, December 31, 2008
10 careers that make employers look for you in 2009
10 careers that make employers look for you in 2009:
If you think looking for a job and finding a career are the same thing, think again. With the US unemployment rate under 5%, almost anybody can find a job.
The bad news is that many of these jobs are low-paying, come without benefits, or offer little in the way of security.
Finding a career where you have the upper hand takes a little more long-term planning than simply finding a job, but it will be well worth in the long run.
These ten careers--in four major job sectors--are likely to be rewarding because employees in these fields are expected to find themselves in an employee's market.
Healthcare workers are in high demand
Healthcare
For better or worse, you can't fight demographics, and those demographics show that the average American is getting older. Healthcare needs increase with age, so as the baby-boom generation enters retirement, healthcare workers are going to be in more demand than ever.
Personal/Home Health Aide:
As people age, healthcare becomes more of a day-to-day issue, which is why personal/home health aides are in such demand. Health aid training will give you enough background to get started in this field.
"Demand for medical assistance is gradually growing!"
Medical Assistants:
Demand for this occupation is growing, but so is the demand for formal training. You'd want to take some medical assisting courses in school--or even consider a medical assisting degree.
Psychologists are always in demand
Mental Health Counselors/Social Workers:
The psychological aspect of healthcare cannot be overlooked. Consistent with the theme of an aging America, Alzheimer's disease is creating more and more mental health challenges, but there are also conditions such as autism which are becoming more common in the general population.
Psychology programs are offered in many schools, and online psychology degrees are also available.
Programmers in IT sector
Information Technology
The big concern with information technology (IT) has been that some programming and customer support functions have been outsourced overseas. However, certain IT functions are more hands-on, and these are the areas where trained workers remain in demand.
Network Systems and Data Communications Analysts:
Mastery of the computer system makes you indispensable to an organization. This takes a high level of training, so a degree in information technology is a must. Experience plus training is even better, so if you are already working, consider earning an IT degree online.
Computer engineers are always in demand
Computer Software Applications Engineers:
Routine programming can be outsourced, but there will never be any substitute for the ability to create new, value-added applications.
A computer programming degree is a good start, or go online to check out other types of computer science degrees.
Teaching is the best option!
Education:
Teaching is another career that is hands-on enough to be immune to outsourcing.
Teacher:
Dedicated teachers are in demand in virtually every part of the country, and with the general population growing, this demand is not going to wane any time soon. You will need a degree in education, and an online teaching degree is one way of meeting this requirement. You'll need teacher's certification as well, so check your state department of education website.
Legal Assitants job is always secure!
Professional Services
The nature of these services is highly-individualized, which is one of the reasons trained professionals are in demand.
Paralegal/Legal Assistant:
These occupations are in demand because they can leverage the time of high-priced lawyers.
There are paralegal schools across the country and online where you can pursue a paralegal degree or legal assisting training.
Auditors job can always be safe!
Financial Services
The heart of the baby boom is entering its peak savings years. Careers in finance can be highly compensated, so an MBA in finance may be well worth the investment. An online finance degree can be a way to give your current career a new boost.
Accountants and Auditors:
These have some of the same characteristics as financial services careers. Training can be found at a variety of accounting schools, or consider an online accounting degree. Specialize in taxes or estate planning or fraud to attract even bigger opportunities.
Be an HR professional
With all the job demand described above, it should be no surprise that this is expected to be the fastest growing segment of the professional and business services sector. Plus, what better way to keep track of evolving employment trends than working as a recruiter or placement specialist? Consider earning a human resource management degree either online or at a traditional school.
As always, check out the relevant accreditation standards for any career training and educational program you choose. As for making that choice, the bottom line is, if you want a job where you'll be in demand, just look at society's trends and follow those trends toward your new career.
If you think looking for a job and finding a career are the same thing, think again. With the US unemployment rate under 5%, almost anybody can find a job.
The bad news is that many of these jobs are low-paying, come without benefits, or offer little in the way of security.
Finding a career where you have the upper hand takes a little more long-term planning than simply finding a job, but it will be well worth in the long run.
These ten careers--in four major job sectors--are likely to be rewarding because employees in these fields are expected to find themselves in an employee's market.
Healthcare workers are in high demand
Healthcare
For better or worse, you can't fight demographics, and those demographics show that the average American is getting older. Healthcare needs increase with age, so as the baby-boom generation enters retirement, healthcare workers are going to be in more demand than ever.
Personal/Home Health Aide:
As people age, healthcare becomes more of a day-to-day issue, which is why personal/home health aides are in such demand. Health aid training will give you enough background to get started in this field.
"Demand for medical assistance is gradually growing!"
Medical Assistants:
Demand for this occupation is growing, but so is the demand for formal training. You'd want to take some medical assisting courses in school--or even consider a medical assisting degree.
Psychologists are always in demand
Mental Health Counselors/Social Workers:
The psychological aspect of healthcare cannot be overlooked. Consistent with the theme of an aging America, Alzheimer's disease is creating more and more mental health challenges, but there are also conditions such as autism which are becoming more common in the general population.
Psychology programs are offered in many schools, and online psychology degrees are also available.
Programmers in IT sector
Information Technology
The big concern with information technology (IT) has been that some programming and customer support functions have been outsourced overseas. However, certain IT functions are more hands-on, and these are the areas where trained workers remain in demand.
Network Systems and Data Communications Analysts:
Mastery of the computer system makes you indispensable to an organization. This takes a high level of training, so a degree in information technology is a must. Experience plus training is even better, so if you are already working, consider earning an IT degree online.
Computer engineers are always in demand
Computer Software Applications Engineers:
Routine programming can be outsourced, but there will never be any substitute for the ability to create new, value-added applications.
A computer programming degree is a good start, or go online to check out other types of computer science degrees.
Teaching is the best option!
Education:
Teaching is another career that is hands-on enough to be immune to outsourcing.
Teacher:
Dedicated teachers are in demand in virtually every part of the country, and with the general population growing, this demand is not going to wane any time soon. You will need a degree in education, and an online teaching degree is one way of meeting this requirement. You'll need teacher's certification as well, so check your state department of education website.
Legal Assitants job is always secure!
Professional Services
The nature of these services is highly-individualized, which is one of the reasons trained professionals are in demand.
Paralegal/Legal Assistant:
These occupations are in demand because they can leverage the time of high-priced lawyers.
There are paralegal schools across the country and online where you can pursue a paralegal degree or legal assisting training.
Auditors job can always be safe!
Financial Services
The heart of the baby boom is entering its peak savings years. Careers in finance can be highly compensated, so an MBA in finance may be well worth the investment. An online finance degree can be a way to give your current career a new boost.
Accountants and Auditors:
These have some of the same characteristics as financial services careers. Training can be found at a variety of accounting schools, or consider an online accounting degree. Specialize in taxes or estate planning or fraud to attract even bigger opportunities.
Be an HR professional
With all the job demand described above, it should be no surprise that this is expected to be the fastest growing segment of the professional and business services sector. Plus, what better way to keep track of evolving employment trends than working as a recruiter or placement specialist? Consider earning a human resource management degree either online or at a traditional school.
As always, check out the relevant accreditation standards for any career training and educational program you choose. As for making that choice, the bottom line is, if you want a job where you'll be in demand, just look at society's trends and follow those trends toward your new career.
Sunday, November 2, 2008
What is a "headhunter" or "recruiter"?
Job Headhunters And Recruiters
What is a "headhunter" or "recruiter"?
A headhunter is actually a professional placement specialist or executive recruiter. What they do is they get a request, typically from a client company, and the company will say, "We're looking for an executive or a professional who can do XYZ. Please help us find this individual." The executive recruiter at that point will either go into their database of candidates and/or they will actually recruit or headhunt at other companies to find the most appropriate individual or individuals they can introduce to their client company, and hopefully get them placed.
How does a headhunter or recruiter get paid?
Typically a headhunting company will be paid by the client company, and that's always the way that you want to go if you're an applicant. So if you are thinking of using an executive recruiter or headhunting firm to help you with your job hunt, be sure to ask them, "Are you employer paid or are you applicant paid?" And the most reputable headhunting firms are going to be company paid.
What are guidelines for working with a headhunter or recruiter?
With job headhunters and recruiters, the most important thing to remember about working with a headhunter is that they are in the business of sales. Headhunters make their money by every placement that they make. Most reputable executive recruiting companies are the ones who have good relationships with high quality client companies and who are looking to recruit top level people. Therefore it's very, very important when you're interviewing with those types of companies to find out what their track record is and what types of companies they typically work with. Do they have areas of specialization that they place? It is very important because obviously if you're in accounting, you don't want to be recruited to be working with an executive recruiting company who places people in the healthcare field. So you must ask recruiters a lot of questions.
What are guidelines for working with a headhunter or recruiter?
A good head-hunter or executive recruiter is going to spend the time to really get to know you and what your needs, goals and objectives are; not just for the short term, but also for your long term career plans. The last thing that an executive recruiter wants to do is place a candidate with the client company (remember that the client company is the one paying the bill) and then have one or both parties be unhappy after a few months. They are really looking for that long term win-win relationship, between the candidate and the client company. So, if you paint a very honest picture for the recruiter you're working with, he or she can then take that picture of you to the client company and that's going to ensure that long term success for you.
How do I find a headhunter?
With job headhunters and recruiters, the best way to find a really good headhunter is through referral. Find some other people who have worked with a headhunter and get the name of the specific recruiter that they have worked with. Additionally, you can also call around to other employment agencies and find out what types of relationships they might have with executive recruiters. Certainly you can go to the internet but you might not always get an honest picture of who this company is going to be, so your best bet is to contact recruiters armed with a lot of questions. And be sure that those recruiters answer your questions to your satisfaction.
-------------------------------------
What is a "headhunter" or "recruiter"?
A headhunter is actually a professional placement specialist or executive recruiter. What they do is they get a request, typically from a client company, and the company will say, "We're looking for an executive or a professional who can do XYZ. Please help us find this individual." The executive recruiter at that point will either go into their database of candidates and/or they will actually recruit or headhunt at other companies to find the most appropriate individual or individuals they can introduce to their client company, and hopefully get them placed.
How does a headhunter or recruiter get paid?
Typically a headhunting company will be paid by the client company, and that's always the way that you want to go if you're an applicant. So if you are thinking of using an executive recruiter or headhunting firm to help you with your job hunt, be sure to ask them, "Are you employer paid or are you applicant paid?" And the most reputable headhunting firms are going to be company paid.
What are guidelines for working with a headhunter or recruiter?
With job headhunters and recruiters, the most important thing to remember about working with a headhunter is that they are in the business of sales. Headhunters make their money by every placement that they make. Most reputable executive recruiting companies are the ones who have good relationships with high quality client companies and who are looking to recruit top level people. Therefore it's very, very important when you're interviewing with those types of companies to find out what their track record is and what types of companies they typically work with. Do they have areas of specialization that they place? It is very important because obviously if you're in accounting, you don't want to be recruited to be working with an executive recruiting company who places people in the healthcare field. So you must ask recruiters a lot of questions.
What are guidelines for working with a headhunter or recruiter?
A good head-hunter or executive recruiter is going to spend the time to really get to know you and what your needs, goals and objectives are; not just for the short term, but also for your long term career plans. The last thing that an executive recruiter wants to do is place a candidate with the client company (remember that the client company is the one paying the bill) and then have one or both parties be unhappy after a few months. They are really looking for that long term win-win relationship, between the candidate and the client company. So, if you paint a very honest picture for the recruiter you're working with, he or she can then take that picture of you to the client company and that's going to ensure that long term success for you.
How do I find a headhunter?
With job headhunters and recruiters, the best way to find a really good headhunter is through referral. Find some other people who have worked with a headhunter and get the name of the specific recruiter that they have worked with. Additionally, you can also call around to other employment agencies and find out what types of relationships they might have with executive recruiters. Certainly you can go to the internet but you might not always get an honest picture of who this company is going to be, so your best bet is to contact recruiters armed with a lot of questions. And be sure that those recruiters answer your questions to your satisfaction.
-------------------------------------
Saturday, October 11, 2008
Know Why Recruiters Are Worth What They Charge !!
>>>
“When I need a heart by-pass, rest assured that I won’t select my surgeon on the basis of what he charges.”
That’s what an ailing executive recently opined when he was informed by his doctor about his arterial blockage problems.
Why then are corporate executives so tightfisted when dealing with what is so commonly thought of as the “heartbeat” of their companies . . . top-talent?
Companies think very little about paying the often excessive fees charged by their outside accounting and legal firms . . . or even to the gaggle of consultants who promise cost-cutting and streamlining miracles in other areas of operations.
Yet, when faced with brain drains, talent deficiencies or the need to replace one employee with a better one, their thoughts too often turn to parsimony. This K-mart mentality belies and contradicts their stated objectives to “hire the best,” especially at pecking order levels below the “big picture” executive suite inhabitants.
Of course recruiting fees can vary from firm to firm but, when they do, you will almost always find that those on the low side are sure to exclude some very key ingredients of the process, all of which are vital to providing the indispensable services necessary to satisfy the needs of the employer.
So why are recruiters worth what they charge? Just a few of the often unspoken reasons are:
Expertise - Nobody knows the employment marketplace better than a professional recruiter . . . nobody! In-house human resourcers, no matter how effective, view the marketplace through an imperfect or misrepresentative prism and tunnel vision is their occupational hazard.
Just as physicians are cautioned against treating members of their own families, so too is it folly for an in-house H/R professional to believe that they have an undistorted and unbiased picture of the employment landscape. They are vulnerable to the pressures of internal politics and cultural dimensions which do not hinder the outsider.
Street-smart recruiters already know the neighborhood, including the unlisted addresses so often overlooked by the insiders.
Cast a wider net - A professional fisherman will always have more to show than a weekend angler. Recruiters are in the marketplace day in and day out. They know the unfished coves, reefs and inlets that are unknown to others. The job-hunter bookshelves are filled with lore about the “hidden job market.” The same holds true for professional recruiters who have a detailed roadmap to the hidden talent sources which will never be accessed by newspaper ads, alumni associations, applicant databases, job boards or any of the other more familiar sources of people.
There are occasional pearls through these sources (and someone inevitably wins the Publisher’s Clearinghouse Sweepstakes too) but you have to shuck an awful lot of smelly oysters to find them. Recruiters only give you oysters proven to contain pearls. Your only job is to determine which pearl is the best.
Want to catch what you’re fishing for? Hire a guide!
Cost - There is a misconception among employers that the cost of a hire equals the cost of the ads or Internet postings run to attract the person hired. Nothing could be further from reality.
Try adding these to the true cost and you’ll see just how cost effective an outside recruiter can be:
Salaries and benefits of the employment/recruiting staffs plus those of the line managers involved in the hiring activity (who are not productive in their normal job pursuits when they’re out recruiting); travel, lodging and entertainment expenses of in-house recruiters; source development costs; overhead expenses including but not limited to telephone, office space, postage, PR literature, applicant database maintenance, reference checking, clerical costs to correspond with the hundreds of unqualified respondents, etc.
Unbiased third party input - Contrary to what some believe, recruiters don’t try to put square pegs into round holes. A recruiter’s stock-in-trade is their integrity and their reputation for finding someone better than a company could have found for themselves.
For a mid to senior-level executive, the average recruiter may develop a “long list” of a hundred or more possibilities. Each must be called and evaluated against the position specifications as well as the personality “fit” with the company and the people with whom they will ultimately work. Once this is winnowed down to the “short list,” an even more intensive interviewing process begins to narrow the search to a panel of finalists for review by the client.
This process is not, as some believe, simply romping through the file cabinets, harvesting from the Monster lookalikes or putting the job opening out to others on the recruiter’s network with crossed fingers that someone good will show up.
It is highly unlikely that a professional recruiter will be plowing new ground with your opening. They deal within spheres of influence far more familiar with your needs than any internal recruiter and, more often than not, view the finalists as people who are competent to solve client problems rather than just fill an open slot in the organizational chart.
Because they want to do business with you again and again, they are looking for (and challenging you to excellence by hiring) the “truly exceptional” rather than the “just satisfactory” so often settled for by in-house hirers.
Confidentiality - Advertising or otherwise publicly proclaiming an opening, aside from its cost and demonstrated ineffectiveness for sensitive senior level openings, often creates anxiety and apprehension among the advertiser’s current employees who wonder why they aren’t being considered or worry about newcomer transition problems. Just as often it alerts competitors to a current weakness or void within the company.
Speed - The recruiting process is always faster through a search professional who is continually tapped into the talent marketplace than one having to start the process from scratch. For every day that a key opening remains unfilled, a company’s other employees must grudgingly do double duty. And this doesn’t factor in the profit opportunities or competitive advantages lost to a company because a position remains unfilled or is done on a part-time basis by others less qualified.
Post-Hire Downtime - Not only is speed an essential part of the professional recruiter’s process, the ability to locate a person who can immediately “hit the ground running” with a minimum of “ramp-up time” saves time after the hire. All too often, a hire selected through less effective sources offering a smaller talent pool requires several months of expensive training and orientation.
Reality - Professional recruiters often recognize and have a duty to inform clients that they may be mistaken as to the type of person sought, the salary required to attract them or the possibilities that the solution might just lie in areas outside the traditional target industries . . . something an internal recruiter is politically disinclined to do. Too many hirers fail to understand that a professional recruiter’s primary function is not necessary to fill a slot but to provide the right candidate to solve a problem.
Negotiation - As Master negotiator Herb Cohen had says that, “negotiation is the analysis of information, time and power to affect behavior . . . the meeting of needs (yours and others’) to make things happen the way you want them to.” As a buffer and informed intermediary, the professional recruiter is better able to blend the needs and wants of both parties to arrive at a mutually beneficial arrangement without the polarizing roadblocks which too frequently materialize in face-to-face dealings.
Prioritizing company resources - It is often amazing to see how much of a company’s revenues are squandered on non-productive perks for existing high-level employees while they penny-pinch on what is every company’s lifeblood . . . talent acquisition.
Club memberships and the like may be fine, but no one with an IQ higher than Forrest Gump’s believes that these expenditures substantially contribute to a company’s profit margin. But one well-placed employee can be the cause of a company’s profits skyrocketing. And the fee for having hired these people pales to insignificance when compared to the contributions they make to the bottom line.
The next time you think a recruiter’s fees are too high, put them in the proper perspective before asking for that Blue Light special or spinning your wheels thrashing about trying to fill vital openings with less effective (but not necessarily less expensive) pedestrian methods. Savvy executives learned long ago that the fee paid to a recruiter is a shrewd strategic investment, not an extraneous expense. They also know that the “best” is far different from the “best available.”
Once you have a handle on these ?closes’ you’ll have a much better chance of turning a prospect into a paying client.
Courtesy: Fordyce Letter
I find this wonderful article (by Paul Hawkinson) and thought to share it with u all.
Thanks!!!
“When I need a heart by-pass, rest assured that I won’t select my surgeon on the basis of what he charges.”
That’s what an ailing executive recently opined when he was informed by his doctor about his arterial blockage problems.
Why then are corporate executives so tightfisted when dealing with what is so commonly thought of as the “heartbeat” of their companies . . . top-talent?
Companies think very little about paying the often excessive fees charged by their outside accounting and legal firms . . . or even to the gaggle of consultants who promise cost-cutting and streamlining miracles in other areas of operations.
Yet, when faced with brain drains, talent deficiencies or the need to replace one employee with a better one, their thoughts too often turn to parsimony. This K-mart mentality belies and contradicts their stated objectives to “hire the best,” especially at pecking order levels below the “big picture” executive suite inhabitants.
Of course recruiting fees can vary from firm to firm but, when they do, you will almost always find that those on the low side are sure to exclude some very key ingredients of the process, all of which are vital to providing the indispensable services necessary to satisfy the needs of the employer.
So why are recruiters worth what they charge? Just a few of the often unspoken reasons are:
Expertise - Nobody knows the employment marketplace better than a professional recruiter . . . nobody! In-house human resourcers, no matter how effective, view the marketplace through an imperfect or misrepresentative prism and tunnel vision is their occupational hazard.
Just as physicians are cautioned against treating members of their own families, so too is it folly for an in-house H/R professional to believe that they have an undistorted and unbiased picture of the employment landscape. They are vulnerable to the pressures of internal politics and cultural dimensions which do not hinder the outsider.
Street-smart recruiters already know the neighborhood, including the unlisted addresses so often overlooked by the insiders.
Cast a wider net - A professional fisherman will always have more to show than a weekend angler. Recruiters are in the marketplace day in and day out. They know the unfished coves, reefs and inlets that are unknown to others. The job-hunter bookshelves are filled with lore about the “hidden job market.” The same holds true for professional recruiters who have a detailed roadmap to the hidden talent sources which will never be accessed by newspaper ads, alumni associations, applicant databases, job boards or any of the other more familiar sources of people.
There are occasional pearls through these sources (and someone inevitably wins the Publisher’s Clearinghouse Sweepstakes too) but you have to shuck an awful lot of smelly oysters to find them. Recruiters only give you oysters proven to contain pearls. Your only job is to determine which pearl is the best.
Want to catch what you’re fishing for? Hire a guide!
Cost - There is a misconception among employers that the cost of a hire equals the cost of the ads or Internet postings run to attract the person hired. Nothing could be further from reality.
Try adding these to the true cost and you’ll see just how cost effective an outside recruiter can be:
Salaries and benefits of the employment/recruiting staffs plus those of the line managers involved in the hiring activity (who are not productive in their normal job pursuits when they’re out recruiting); travel, lodging and entertainment expenses of in-house recruiters; source development costs; overhead expenses including but not limited to telephone, office space, postage, PR literature, applicant database maintenance, reference checking, clerical costs to correspond with the hundreds of unqualified respondents, etc.
Unbiased third party input - Contrary to what some believe, recruiters don’t try to put square pegs into round holes. A recruiter’s stock-in-trade is their integrity and their reputation for finding someone better than a company could have found for themselves.
For a mid to senior-level executive, the average recruiter may develop a “long list” of a hundred or more possibilities. Each must be called and evaluated against the position specifications as well as the personality “fit” with the company and the people with whom they will ultimately work. Once this is winnowed down to the “short list,” an even more intensive interviewing process begins to narrow the search to a panel of finalists for review by the client.
This process is not, as some believe, simply romping through the file cabinets, harvesting from the Monster lookalikes or putting the job opening out to others on the recruiter’s network with crossed fingers that someone good will show up.
It is highly unlikely that a professional recruiter will be plowing new ground with your opening. They deal within spheres of influence far more familiar with your needs than any internal recruiter and, more often than not, view the finalists as people who are competent to solve client problems rather than just fill an open slot in the organizational chart.
Because they want to do business with you again and again, they are looking for (and challenging you to excellence by hiring) the “truly exceptional” rather than the “just satisfactory” so often settled for by in-house hirers.
Confidentiality - Advertising or otherwise publicly proclaiming an opening, aside from its cost and demonstrated ineffectiveness for sensitive senior level openings, often creates anxiety and apprehension among the advertiser’s current employees who wonder why they aren’t being considered or worry about newcomer transition problems. Just as often it alerts competitors to a current weakness or void within the company.
Speed - The recruiting process is always faster through a search professional who is continually tapped into the talent marketplace than one having to start the process from scratch. For every day that a key opening remains unfilled, a company’s other employees must grudgingly do double duty. And this doesn’t factor in the profit opportunities or competitive advantages lost to a company because a position remains unfilled or is done on a part-time basis by others less qualified.
Post-Hire Downtime - Not only is speed an essential part of the professional recruiter’s process, the ability to locate a person who can immediately “hit the ground running” with a minimum of “ramp-up time” saves time after the hire. All too often, a hire selected through less effective sources offering a smaller talent pool requires several months of expensive training and orientation.
Reality - Professional recruiters often recognize and have a duty to inform clients that they may be mistaken as to the type of person sought, the salary required to attract them or the possibilities that the solution might just lie in areas outside the traditional target industries . . . something an internal recruiter is politically disinclined to do. Too many hirers fail to understand that a professional recruiter’s primary function is not necessary to fill a slot but to provide the right candidate to solve a problem.
Negotiation - As Master negotiator Herb Cohen had says that, “negotiation is the analysis of information, time and power to affect behavior . . . the meeting of needs (yours and others’) to make things happen the way you want them to.” As a buffer and informed intermediary, the professional recruiter is better able to blend the needs and wants of both parties to arrive at a mutually beneficial arrangement without the polarizing roadblocks which too frequently materialize in face-to-face dealings.
Prioritizing company resources - It is often amazing to see how much of a company’s revenues are squandered on non-productive perks for existing high-level employees while they penny-pinch on what is every company’s lifeblood . . . talent acquisition.
Club memberships and the like may be fine, but no one with an IQ higher than Forrest Gump’s believes that these expenditures substantially contribute to a company’s profit margin. But one well-placed employee can be the cause of a company’s profits skyrocketing. And the fee for having hired these people pales to insignificance when compared to the contributions they make to the bottom line.
The next time you think a recruiter’s fees are too high, put them in the proper perspective before asking for that Blue Light special or spinning your wheels thrashing about trying to fill vital openings with less effective (but not necessarily less expensive) pedestrian methods. Savvy executives learned long ago that the fee paid to a recruiter is a shrewd strategic investment, not an extraneous expense. They also know that the “best” is far different from the “best available.”
Once you have a handle on these ?closes’ you’ll have a much better chance of turning a prospect into a paying client.
Courtesy: Fordyce Letter
I find this wonderful article (by Paul Hawkinson) and thought to share it with u all.
Thanks!!!
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