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What's Does a Recruitment Company Do?
For all these of you who've never worked with them, recruitment agencies are an excellent mystery. What do they actually do? Are they any good? What are they to start with? Corporations? NGOs? Employers? Governmental organizations? So many questions... So let's clear the air a bit.
Initially, recruitment businesses are corporations - primary and ordinary firms which have staff, that pay taxes and that make profit (or not less than attempt to because the niche is very tough and competitive). On the market there are a couple of global high rollers which are current in several international locations (like Lugera & Makler, Adecco, Trenkwalder), a number of small companies that specialize on a distinct segment, are good at it and truly make profit (like SAP recruitment) and a number of other others which try to survive (however many of the instances don't).
A recruitment company covers primarily two basic activities: helps candidates find a job and helps different companies discover good candidates for the open positions they have. So they are a mediator on the market between candidates that seek for jobs and corporations that seek for candidates. Most businesses (I use "most" because all of those now we have worked with did it, but I am unable to wager that all on the earth are in the same situation) provide principally free providers to candidates and get paid by companies only.
To a candidate, a recruitment company affords the next companies (primary companies are free):
- Receiving their resume and inserting it in a database which helps seek for candidates with a certain skill; for businesses working on the identical market, competition is large because they find yourself finally with an analogous database, so successful the client gets tougher; also, small inexperienced companies can't compete with large ones which already have an enormous list of candidates that they can search in minutes;
- Helping the candidates build a professional resume (sometimes paid service);
- Assessing the candidate's skills by applying tests (IT, language, professional psychological tests) or during interviews;
- Providing improvement suggestions (typically paid service) and providing to include them in training or coaching sessions (also principally paid service);
- Sending the candidate's resume to employers who've open positions, in response to required skills (free service principally);
- Providing the candidate feedback in case of rejection or mediating the wage providing process (mostly free service).
To an organization, a recruitment agency provides the following companies:
- Search resumes of their database;
- Post ads on suitable recruitment channels;
- Interview and test candidates;
- Propose the best candidates for the available positions;
- Replace candidates for free if candidate leaves or is being fired (on candidate's fault) within a sure time limit (three-6 and even more months depending on position);
How does the hiring process work?
1. The consumer of the recruitment agency opens a position and presents it to one or a number of recruitment agencies, relying on internal requirements, insurance policies or depending on the signed contract between the two parties;
2. The client may be required to pay an advance payment (used for posting ads or for initial time spent on interviews). Charge isn't returned. Relying on initial agreement, this fee may be skipped and a remaining success payment paid instead (only if company manages to fill the position with the suitable candidate);
3. Agency posts ads, selects resumes, interviews candidates;
4. Company presents a closing list of high candidates to the shopper;
5. Consumer interviews final candidates and gives one or several;
6. If position(s) is (are) covered, taxes are paid and process stops; else, recruitment process starts again. If several companies work on the same position, the primary one to fill it gets the money. The rest just waste time.
A recruitment company works just like some other company. It is a service provider. Its employees are recruiters (the people who do the precise recruitment and choice), sales people (who seek for shoppers and sign contracts - typically in small agencies sales people are also recruiters) and assist people (like finance individuals, building upkeep, drivers, every other inside position crucial for a corporation to work effectively).
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