Are recruitment agencies expendable?

Share this story

 

Are recruitment agencies expendable?Most people believe recruiters don’t have any positive input in the hiring process, according to new research*.

The poll of more than 2,000 UK workers found that 56 per cent of people don’t think recruiters add anything to the process. In today’s hyper-competitive, digitalised world, having a defunct recruitment sector is simply not acceptable.

Reinforcing recruiter’s reputation for personal gain, the research found that over a third (38 per cent) of jobseekers don’t think recruiters have their best interest in mind, while a quarter (26 per cent) believe that recruiters suggest jobs that are clearly unsuitable. Only 12 per cent of respondents said that recruiters found jobs they couldn’t have done on their own, and a mere nine per cent said that recruiters offered helpful insights into the role or company.

The research also found that over half of millennials (52 per cent) plan to move jobs within two years, and over a third (34 per cent) within the next twelve months, a confession that is backed up by three in ten millennials having already held five or more jobs. With millennials preferring portfolio careers, the time to hire is an increasingly important factor for both parties. Indeed, a third of people reported to being put off moving jobs because of the time and effort involved. Recruiters are again perceived as not aiding speed, with nine per cent of people finding they actually slow the process down.

Ben Chatfield, CEO and Co-Founder at Tempo, commented,

Today’s research confirms what we’ve suspected for some time – recruiter agencies are not only unnecessary but in many cases undermining. Their priority is the placement fee, rather than helping candidates or employers. Too often they deliver a service that falls far below the expectations, whilst charging substantial fees for the privilege,

Traditional recruitment behemoths aren’t reacting to the changes in the workplace or changes in the attitudes of those entering the workforce. It’s about time that companies had another viable option for hiring to get the best possible talent onboard.

To use the old adage, a business’s greatest asset is their employees. The fact that companies continue to use such a clearly out-dated recruitment system is absolutely mind-blowing. Not only does the traditional model not aid efficiency, it actively stops companies from scaling quickly and cost-effectively, and charges extortionate rates to do so. Their monopoly must end and soon, otherwise, businesses and employees will continue to suffer.

*from Tempo

Help Keep HRreview Free with a Small Donation





One Comment - Write a Comment

  1. I cannot understand how this is worthy of a post on HR review. This is a founder of a business trying to drive sales for his own personal financial gain. The irony of this comment, ‘Reinforcing recruiter’s reputation for personal gain’ and ‘the research found that over a third (38 per cent) of jobseekers don’t think recruiters have their best interest in mind’ and here is Ben, lambasting an industry for his own financial gain. What a shame.

Post Comment