Challenges of a boutique recruitment company.
The Recruitment industry has seen big changes in the last few years as the economy and technological advances have altered the way many companies hire. Of course, there are always challenges to be overcome, but it’s helpful to know about the biggest issues Recruitment companies face and how to handle these issues when they arise.
Let’s look at 3 key problems every recruiting company faces today!
1. Finding the Right Candidates
Finding the right candidates is a big challenge for recruiting companies today. Clients are increasingly in need of skilled, focused and motivated employees and these people aren’t always easy to find, in a crowded market place. Recruitment companies can overcome this problem by stepping up their networking and advertising, especially through social media. The farther you can reach, the more quality candidates you’ll find. For those Recruitment companies that specialize in permanent placements and are having a hard time finding skilled, quality candidates in today’s market, offering to fill the vacant role temporarily until the right candidate can be a successful the route to take. A temporary worker with less expertise may ease the time constraints allowing more time for the search as well as satisfying the clients need to have someone fulfilling that role immediately. In some instances temporary workers are offered the position in a permanent role once the client has had a chance to assess the candidate working within their company, culture and fit being as important as skills and experience.
2. Candidate Competition
In today’s saturated candidate market it’s important to offer more than other recruitment companies and more importantly ensure that the end client really gets more value using the services of a recruiter than they could achieve on their own. At Val Wade we offer background checks, testing, references as well as a thorough interview process as standard practice, which stands us out from the competition. When that ideal candidate is finally found, trying to get exclusive rights on them is becoming increasingly difficult, they could be registered with the competition and they could have applied directly to available positions? Really understanding the needs of the candidate, being empathetic and treating them on an emotional level rather than just a resource will bear fruit in the long term.
The business world moves much faster today than it has in the past, and any Recruitment company that can’t keep up will be left behind. Indecisive managers are one of the biggest reasons that transactions are slowed down. Any delays in hiring could derail the chance of placing a sought after candidate into a position. Training the recruitment team to act decisively and quickly is one thing, but coaching the client to move quickly with the interview and hiring process is another. In today’s market, great candidates can have multiple interviews and offers on the table. If your client moves too slowly, they could miss a great new hire.
Ensuring that job opportunities can be posted quickly and potential candidates are easily found, having good digital expertise is imperative. Developing up to date thorough databases is crucial in keeping up with the competition. It is important that all recruitment companies are at the forefront of technology and have a strong presence within the various social media sites, where todays candidates gather. Start building networks and begin relevant conversations, get familiar with those potential candidates. Good candidates are hard to find, but are almost impossible to find if your technology doesn’t allow you to utilise the digital space and act quickly.