6 Problems Recruitment Agencies Face
The recruiting industry has seen extensive changes over the last few years as the economy and technological advances have changed the way many businesses hire.
Like any industry, there will always be challenges to overcome, however it is helpful to know about the biggest issues your recruiting company could face and how to handle these issues when they arise.
Below are 6 of the main problems that recruitment agencies will face:
- Candidate Competition
- Finding the right Candidates
- Speed of Hiring
- Attracting the ideal Client
- Retaining Candidates or Contractors
- Competition from Social Recruiting
When that perfect candidate is found, the agency ideally will want exclusivity to present them to the client although the main problem indicates; what if the candidate is also contacting direct competitors with their CV and have applied directly with their CV too?
In today’s competitive job market where ultimately there is a demand for key skills, it’s important for agencies and businesses to stand out to attract their ideal employees and its equally important for candidates to use the right agency to act on their behalf.
Background checks and references as well as a thorough interview process can put you far and above your competition as well as offer the client a fully vetted candidate right from the get go.
Candidates are always getting head hunted from other recruitment agencies therefore any small benefit that can be added value to them will make them stay. Sometime the grass is not always greener.
Finding the right candidates
Finding the right candidates in a world where employment is continually evolving and changing is no mean feat.
Business and candidates must be able to adapt to market conditions and constant change. Also don’t be swayed just by cost over quality.
Back in 2014, the demand for contract workers in the oil and gas industry was at a peak. Businesses and recruitment agencies had a huge problem on their hands to fill the vacancies required. Everyone needed to step up their marketing presence and the use of social media and advertising to attract top talent.
Recent stats show that 73% of recruiters have employed a candidate they initially found through social media. LinkedIn is probably the best platform to head hunt on with 79% using it as a resource, whilst one third of recruiters have hired through Facebook and around 15% via Twitter. Those that have most success finding talent on social media platforms use all three in combination with each other.
There are various ways we source our own candidates. Find out by reading here.
Speed of hiring
The business world is moving faster than ever and a recruitment agency that is not able to adapt to ever changing markets in a fast paced industry will slowly be left behind.
Any delays in hiring could lessen any chance of placing a sought after candidate in a position. In today’s market, great candidates can have multiple interviews and offers on the table.
Attracting the ideal client
Everyone wants to attract more clients.
However, its far more important to build trust initially with clients which can then lead to long term relationships.
Spending time getting to know your clients industry and business and having a full understanding of their issues and needs is critical to being successful. Competition is stronger than ever.
Becoming the ‘go to’ in your industry is key. The need to keep learning is essential.
Retaining the candidates and clients
Consistently delivering and exceeding a superior customer experience isn’t rocket science; but it does require understanding your customers’ wants, needs and expectations.
The customer experience actually begins long before a client directly interacts with you. Every action they take and interaction they have – from the moment they realise they have a personnel problem or decide to find a job – is part of their experience with any recruitment agency.
Competition from social recruiting
The technological advances is changing the way recruitment agencies hire.
In order to overcome this problem, recruitment agencies need to be in on the trends.
This includes increased focus of quality hire, increased emphasis on using social networks, closing the gap between active and passive candidates, embracing the concept of talent branding and using mobile recruiting.
Modern recruiting has changed the way in which candidate and client generation has occurred. The days of hitting the phones day in, day out to companies who have no idea who you are rapidly falling, making way a more Digital Marketing based approach. Content Marketing will improve your SEO performance if done correctly. This will lead to more traffic and better clients who really need recruiting services.
Check out Hubspot inbound recruiting to achieve better results – click here for more information.
If you have any questions on the above or want to know more please give us a call on 01592 645754 or email email@example.com.