What Exactly Are The Benefits Of Working With An External Recruitment Agency And Executive Search Consultancy?
Our recent survey on modern candidate job-search behaviour found that job seekers above 45, when looking for a new job, are 137% more likely to go to a recruitment agency or executive search company compared to younger generations. So for younger generations (both clients and candidates) who are not currently aware of their services, what exactly are the benefits of working with an external recruitment agency and executive search consultancy?
When a vacancy arises, the natural urge of many managers is to start immediately posting adverts on jobs boards or tapping up their network. For others, one of the first actions taken is to contact a recruitment firm rather than attempt direct sourcing. This is because these hiring managers know that recruitment agencies offer employers distinct advantages over direct-to-market hiring. These include the following:
Recruitment agencies are usually quickest out of the blocks when it comes to finding talent. This is because they are constantly building their searchable database of talented and active job-seekers. This means that when companies contact an agency about a job vacancy in their firm, there is a good chance that the agency can supply them with a shortlist of interview-ready talent, immediately or within a very short time. Realistically, it could take the company two weeks or more to get a short-list from direct sourcing.
Streamlining a company’s hiring process
Good recruitment agencies will handle much of the time-consuming administration associated with hiring which can otherwise pull hiring managers away from operations, just when they’re needed the most. An agency can take care of quality screening and short-listing, checking of qualifications, responding to applicants and arranging interviews. This gives companies peace of mind as they are safe in the knowledge that the administrative part of the hiring process is being professionally stage managed in the background, meaning they can focus on the crucial higher level tasks of assessing and selecting talent and securing the signature on the dotted line.
Industry insights and bench marking
Recruitment consultants understand the market-place and they know what candidates want. They can therefore provide invaluable advice on the kind of salary levels and the sort of perks that will attract the talent that companies require. For example, our recent Renaix survey showed that flexible working is the most important work-place benefit sought after by talent. As expert advisers, external recruiters can provide visibility into the market-place and help clients tailor their salary and benefits package to maximise appeal to top talent.
Executive Search Consultancies are a specialist branch of recruiting and can provide significant advantages to to companies in each sector.
Find hidden talent
For starters, executive search consultancy services extend far beyond that of a typical recruitment agency in that they do a much deeper search, and are able to reach passive talent. Passive candidates are talented professionals working in post, who are not actively looking for work and so won’t respond to job adverts and won’t be actively registering with agencies. Executive search consultancies have the skills to find and motivate this passive talent, (who are constantly being overlooked by everyday hiring practices), to interview with business with a view to working for them.
Share price, staff engagement, customer confidence can all be impacted by news relating to changes in senior posts or mission critical positions. Executive search consultancies by way of their culture and practice of absolute discretion can quietly and effectively conduct politically sensitive search campaigns for businesses without such as a ripple in the market-place.
Can do the impossible and succeed where others fail
If a recruitment agency or direct sourcing efforts fails, who are companies going to call? A search consultancy. Their ability to search wider and deeper than recruitment agencies means that executive consultancies can take on seemingly impossible assignments, recruiting for the hardest-to-find skill sets and experience levels/types.
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