Companies don't seem to get it ..A Recruitment Agency is your firm's biggest Brand Ambassador . Today every most IT firms in India work with as many as 100-150 recruitment /staffing firms to meet their hiring numbers .
Requirements are released to all and sundry and If you close a position , a contract is signed.
In the race to meet hiring targets no importance is given to the candidate validation process,the recruiters awareness of the company's business.
Picture this Accenture closes on an average 500 positions every month(India) ... Let do some reverse calculation .
Lets assume 1 in 5 Interviewed gets hired (an optimistic estimate)= 500*5= 2500 Interviews every month
A widely agreed thumbrule in recruitment circles today is that only 25% of confirmed candidates turn up for a recruitment event , which means 2500*4 =10000 confirmed candidates every month
Not every candidate contacted is interested in Accenture - Suppose 1in 3 candidates contacted confirms his interest and agrees to an Interview (again very very optimistic figures)= 10000*3 candidates contacted = 30,000
30,000 one on one direct interactions every month = 360,000 calls in one year
Imagine the impact on branding if this channel is haphazard.
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About Me
- Mano Kurien
- I am a recruiter ...I run a Staffing Services company called Crest in Hyderabad. We specialize in recruiting through Social Media.
2 comments:
Informative posting.
Consider this: Recruitment firms only have access to a small percentage of
the available jobs out there. In fact, many are not advertised or are
‘hidden’. It is estimated that up to 80% of hobs are hidden as only 10% of
positions ever make their way into the hands of recruitment companies. And given the proliferation of agencies vying for a share of the lucrative commission, at best even the largest, most well-resourced recruitment firm has only 2% of the job market in a job seekers sector.
Recruitment Solution
Recruitment Solution
Recruitment agencies are the places where a candidate will going to get a specific position according to his ability....Recruitment Agency
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