Tuesday, November 23, 2010

Flipping the Recruitment Model on its Head

In December 2010, Expect Talent will celebrate 5 years in business, which is something we are really proud of, not only are we still here, but we are considered one of the fastest growing recruitment companies in the country. Our turnover has already more than doubled this year and our client base continues grow, attracting leading multinational employers nationwide, and it got me thinking... 

Why and How? Honestly, I can put it down to the fact that from Day 1 we completely flipped the traditional recruitment model on its head.  We entered an extremely competitive market in 2005, in a booming economy and decided to break from the pack.  Why do what everyone else in the industry is doing?  We started by listing down all of the frustrating and annoying things that most (not all!) recruitment agencies do on both the client and candidate side of their business and decided to do the exact opposite. 

I still have the notebook when I was brainstorming my grand plans to be an entrepreneur, when Expect Talent was just a dream in my head. I thought I would share today some examples of the how we flip the model on its head:

No Commission for the Recruitment Team
This to me is fundamentally one of the main reasons that our industry has a bad reputation, recruiters should be placing candidates for the right reason and not because its their next commission payment.  Recruiters in our team are not salespeople and have no placement targets to meet, so their approach is consultative and in the best interest of both candidate and client, not their own.

Hire People from Outside of the Recruitment Industry
This has been one of the keys to building a phenomenal team, the approach we take to recruitment is so different, that it is much easier to train and upskill excellent account managers with passion for customers on how to recruit, than it is to un-train habits from recruiters who have previously come from within the industry, this is definitely our preference and has allowed us to build an incredibly talented team internally.

Treat Every Vacancy like an Executive Search Assignment
Regardless of the level of seniority, if each vacancy we work on is treated like an Executive Search Assignment, the search becomes completely pro-active and creates a shortlist of a maximum 3 top candidates, we will never be the fastest but we will always deliver the best quality.  That's why over 90% of candidates we put forward secure client interviews, one of the highest ratios in the industry.

Detailed Interview Profiles for every Candidate
Why put forward a CV without any detailed information about the candidate?  Our clients use a professional service to save them time and hassle and to secure the best talent.  Unique and detailed profiles on each candidate mean that hiring managers and HR teams can make an informed decision about the person based on the competency and situation based interview we conduct before submitting a candidate to a client.

Five years ago, I believed passionately that our strategy would work, and now I know without question that flipping the traditional recruitment model on its head was the right path to take and continues to give us the edge.  I am getting all nostalgic this week as I prepare for our 5th Birthday party which will be held in December in the Blackrock Castle Observatory, and look forward to thanking all of the clients, candidates, suppliers, friends and referral partners that have played a part in our success so far.  Here's to the next five years and beyond...

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