I think we have all
accepted that Social Media and the In-House recruitment model have taken root
and we need to adapt our recruitment agency offering accordingly.
Does this acceptance mean
that a large part of the £20 billion per annum spent on agency recruitment will
disappear? The answer depends on to what extent agencies evolve new
services to generate new revenues that will replace those that
will inevitably be lost.
So what might Recruitment
Consultancy look like going forward?
New Services:
Agency recruitment has traditionally
been a single outsourced function. Your clients are now exercising the option to
take that back in-house. However there are new challenges they will face. These
challenges are actually bi-products of the very changes that triggered the move
back in-house in the first place. They include: fast-evolving social media,
software, technological and cloud based recruitment tools. We may also see:
agency licensing, professional qualifications for in-house recruiters, national
recruitment agency networks, global recruitment agency alliances. In 5 years
time there will be many more. If your client wants to remain
recruitment-competitive they may well seek expert help in choosing and integrating the best resources. Are you equiped to provide it?
Greater Accessibility:
What Agencies must also do
is overcome market fragmentation and become more accessible. We need to create a supply side where 1000s of great agency recruiters no longer have to shout to be heard.
Due to the nature of the job, the way you
are rewarded and zero barriers to entry, fragmentation is inevitable as Recruitment Consultants ultimately seek and value their
independence. However there is a possible solution.
The one-stop Recruitment
Network who's members cover: all Recruitment Agency sectors, Contractor management, Social
Media consultancy, HR consultancy, In-House consultancy, New Product reviews
and Global recruitment solutions offers the client an accessible resource that
meets all possible needs. It also goes a long way to removing the now
redundant PSL.
Like the King of Tonga ruling a tiny kingdom may not be what it once
was.