Why the Recruitment Process isn’t Working?
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.
What is it then that needs to be done to ensure the industry is more accountable, co-operative and effective for all stakeholders. It is, however, this very talk of dwindling labour and skills shortages that continues to detract the criticism away from the ‘supposed experts’ who manage the search and selection process on behalf of many leading organizations. The way in which recruitment firms currently operate hinders.
