Why you should avoid 94% of recruiters’ calls and emails
1. How do most recruiters operate?
2. How do you spot the right recruiter to deal with?
3. What are the best options for hiring the very best talent?
In our opinion, in order to really assess and gauge the real talent in a market you have only two options: Head Hunters or Industry Managed Service providers.
Before you discount either, please review our advice on both. Let’s start with Head Hunters
Head Hunters, by which we mean pure-play executive search firms, are the very best option for hiring specific talent. A top rate head hunter will apply a thorough process and will normally uncover hidden gems that aren’t on anyone’s radar nor on LinkedIn or other social media. Headhunting does, however, have its pitfalls – paying a third upfront and a third on shortlist seems to be an expensive approach, and the overall executive search industry has about only 50% success rate. However, the better firms fare considerably higher.
Secondly there are again many generalist Head Hunters with no real specialisms to show other than a broad based website and little more of substance. So, the same rules apply when considering, i.e. referrals, deep questioning, etc.
Thirdly, beware of the larger recruitment company’s sales pitch. You may be approached by a senior person, but the job gets passed to a junior for follow up. Check who it is you will be working with.
Conversely, you may also want to consider engaging a Managed Service Recruiter. They will look after your entire hiring needs, either across your organisation or within a specific function. Since it is managed through one agreement and set of terms, it leads to far fewer recruiter calls, fewer interviews of better quality people and therefore much more management time for you to devote to building your business. If you already have other good recruiters for specific areas, they can also be engaged successfully via your MS provider.
Sounds really attractive, but there are also drawbacks to watch out for. Most of these companies are agnostic to a sector so have little or zero experience of your market. They will try to draw you into paying huge fees every month for their service with promises of great results. They typically won’t – with very little improvement in the overall service and it may even be worse for senior hires.
You can find a few Managed Service providers who will charge you ZERO fee up front but will put their skin in the game with a success fee model. Everyone wins! You may already have a really great recruiter in play who would jump at the chance of working in a Managed Service type model. They will devote their business to yours and they will learn and grow with you.
A Managed Service Recruiter who has YOUR industry experience is like gold dust and can help advance your organisation dramatically. Smart companies around the world are seeing really huge benefits in hiring through this type of arrangement, when handled properly.
We can advise you in these areas if you wish to discuss further.
3. What are the best options for hiring the very best talent?
In our opinion, in order to really assess and gauge the real talent in a market you have only two options: Head Hunters or Industry Managed Service providers.
Before you discount either, please review our advice on both. Let’s start with Head Hunters
Head Hunters, by which we mean pure-play executive search firms, are the very best option for hiring specific talent. A top rate head hunter will apply a thorough process and will normally uncover hidden gems that aren’t on anyone’s radar nor on LinkedIn or other social media. Headhunting does, however, have its pitfalls – paying a third upfront and a third on shortlist seems to be an expensive approach, and the overall executive search industry has about only 50% success rate. However, the better firms fare considerably higher.
Secondly there are again many generalist Head Hunters with no real specialisms to show other than a broad based website and little more of substance. So, the same rules apply when considering, i.e. referrals, deep questioning, etc.
Thirdly, beware of the larger recruitment company’s sales pitch. You may be approached by a senior person, but the job gets passed to a junior for follow up. Check who it is you will be working with.
Conversely, you may also want to consider engaging a Managed Service Recruiter. They will look after your entire hiring needs, either across your organisation or within a specific function. Since it is managed through one agreement and set of terms, it leads to far fewer recruiter calls, fewer interviews of better quality people and therefore much more management time for you to devote to building your business. If you already have other good recruiters for specific areas, they can also be engaged successfully via your MS provider.
Sounds really attractive, but there are also drawbacks to watch out for. Most of these companies are agnostic to a sector so have little or zero experience of your market. They will try to draw you into paying huge fees every month for their service with promises of great results. They typically won’t – with very little improvement in the overall service and it may even be worse for senior hires.
You can find a few Managed Service providers who will charge you ZERO fee up front but will put their skin in the game with a success fee model. Everyone wins! You may already have a really great recruiter in play who would jump at the chance of working in a Managed Service type model. They will devote their business to yours and they will learn and grow with you.
A Managed Service Recruiter who has YOUR industry experience is like gold dust and can help advance your organisation dramatically. Smart companies around the world are seeing really huge benefits in hiring through this type of arrangement, when handled properly.
We can advise you in these areas if you wish to discuss further.
Mike Short
CEO
Mentys Executive Search