When you find work through a recruitment agency, did you know that they are effectively taking around 20% of your salary which means you earn much less than you could be doing? If you’re earning an average salary of £23,000, you likely could have been earning £28,000 instead if you applied directly to the company where you work. That is a lot of money that is being siphoned off your salary secretly by recruitment agencies, it is this money which is charged to the employer as a “Finder’s Fee”. What would you do with an extra £5,000 salary? Go on holiday? Treat the family?
You see when an employer has a budget of say £28,000 to spend on a member of staff, this is often split between the employee and the recruitment agency. Often recruitment agencies can take up to 20% of your annual salary as a “finder’s fee”, an even up to 45% for some very senior roles. This means that when the employer has a £28,000 budget to spend, you get only £23,000 while the recruitment agency gets around £5,000 simply for sending a few emails and connecting you with the employer and passing on your details. We believe this is unfair for the job hunter and unfair for the employer.
Many job hunters are completely unaware how recruitment agencies take money from employers. Money which could ultimately be used to raise the salaries of employees who are adding value to the companies they work for. We don’t believe this practice is right, which is why we urge you to spread the word about the practices of recruitment agencies and encourage you to apply directly with employers to ensure you get the best deal, secure the highest salary possible and show your best side to future employers.
Tendo Jobs is a tool which allows job hunters directly to connect directly with employers and research local companies to work for. To put this into perspective, if an employer recruited 3 job vacancies through a recruitment agency this would cost them an average of £15,000, which could be used to pay an additional member of staff full time. On Tendo Jobs, recruiting for 3 job vacancies would cost the employer only £10 per month. Quite a big difference there!
Spread the word and let’s take a stand against recruitment agencies. #SayNoToRecruitmentAgencies
Update
Since posting this awareness campaign encouraging job hunters to apply directly with companies, it seems virtually every recruitment agency in the UK has jumped on board to nay say the idea as this cuts out the fees they earn and as can be seen below the defensive comments are quite telling. It’s no surprise really that this happened as technology is starting to replace a lot of the mundane work recruitment agencies do. Likewise, the same is happening in virtually every industry that is people heavy and this is only going to grow. With almost 100,000 views on the awareness campaign in the last 5 days alone, this has hopefully highlighted to job hunters how applying directly to employers is a positive step forward and brings transparency to the job hunting process.
While this has been a fun campaign, we don’t have the resources to discuss every negative comment from every recruitment agency with an axe to grind, so we’re shutting down comments on this post and likewise will not be replying to any comments on LinkedIn with regards to this awareness campaign. Our stance is clear, when the majority of companies in the UK employ less than 10 members of staff, any cost savings through the use of efficient cloud based technologies such as Tendo Jobs leaves more money in the bank for employers to use as they choose, whether on higher staff salaries for the right candidates or investing in new machinery or a company car for top performers.
Ignoring the natural hostility from recruitment agencies, what drives us at Tendo Jobs is the extremely positive comments we hear from actual employers and job hunters on a daily basis, a few recent ones listed below to finish with. All in all, as a job hunter we always recommend that you #ApplyDirect to employers as this helps employers save significant amounts of money in recruitment related costs.
“I have done a lot of recruitment and most recruitment agencies just don’t get it – not a good experience from either side – so I am interested is seeing what you are doing.”
“Very few recruitment agencies add real value. They don’t understand the client problem or what the candidate can offer.”
“Tendo is an extremely interesting proposition. My past 3 months out of work and experience with recruitment in general has made me realise the existing model really needs disrupting.”
Misleading, incorrect information given throughout this page. Recruiters taking your salary, isnt factual, if anything they’re incentivised to increase your salary so they earn more by using your own (incorrect) logic. Additionally, companies will advertise the role at £23,000 and tell agencys to work the role at £23k, again not taking any salary from the candidates as the company decide initially how much a role is not an agency. To say it’s secretly siphoned off is horrendous and dishonest in it’s own right. How can you create some many lies and then call recruiters dishonest. Surely if the recruiters are so dishonest and you obviously hate them, you should be the opposite in terms of open, honest, transparent, fair, have integrity not join the small bunch of recruiters you hate? If you want to learn how recruitment truly works, I’ll happily give up my time and day to help you understand. Please don’t be like the news papers and create fake news, its no good for anybody and going against what your other pages seem to suggest you’re trying to do.
Hi Steven,
As a recruiter yourself, it is no surprise your view on the above. What you fail to understand though is that while the employer may instruct recruiters of the salary level, this is because they know that they are going to have 20%+ to spend on top of the salary in the form of a ‘finders fee’. When in reality when employers have a budget to spend, if they spent the full budget towards the employee salary, then they would attract a higher calibre candidate who is looking for a larger salary due to their qualifications.
In the age of communication and technology, I hate to say this but the days of the traditional recruitment agency middle-people are numbered.
Regards,
Michael
Hi Michael,
I’d love to see where you’ve received this information and hopefully prove me wrong. The line;
“What you fail to understand though is that while the employer may instruct recruiters of the salary level, this is because they know that they are going to have 20%+ to spend on top of the salary in the form of a ‘finders fee”
From working in the industry for over 7 years and dealing with multiple businesses from start up’s to FTSE 100 businesses, I’ve never seen this example. Businesses (nearly all of the time) will try direct first, then use their internal teams then go out to agencies. The salary range is, in all cases, the same even when trying direct and internal first. Again by your logic, this wouldn’t be the case and agencys will work at a lower salary range which again is not the case. What you’ve stated simple isn’t the case from my experience so I’d love to see the information you’ve got to state this is the case for all businesses.
Regards
Steven
I totally disagree with ‘simply for sending a few emails and connecting you with the employer and passing on your details. We believe this is unfair for the job hunter and unfair for the employer.’ as a recruiter myself I ensure I meet with EVERY candidate I put forward for a role, I also put candidates through testing, I spend time prepping them for interviews, I do more than ‘send a few emails’ I think you need to get some facts before jumping to certain conclusions.
Hi Jade,
Thanks for the comments, I’ve no doubt there are some great recruitment agencies out there who go above any beyond. Unfortunately though the reality is that technology can do a a significant part of the job that recruitment agencies currently do, which is what we’re building at Tendo Jobs. Meeting with every candidate sounds time consuming personally, and when the candidate is going to meet with the end employer anyway, this process of filtering and understanding what the candidate is looking for can be done with technology, like what we have built into Tendo Jobs. Unless I’m missing the value added with an average fee of £5,000 for having a meeting and a bit of interview training?
Regards,
Michael
Can we also add in the cost of extra staff to sort through the applications and organise the process? Can we also add in any time differences in terms of getting in the correct candidate and the cost this could incur for the business? Can we also look at the time spent by hiring managers in both processes to see if you are taking them away from core duties and costing the business? These nuances are valuable in understanding if you are actually saving a company money or not. I would also argue that automatic filtering with technology has been tried repeatedly and has, in my experience, never worked.
Hi Paul,
I agree, as you say there is always time required at the employers end to deal with recruitment, regardless of what channel they choose. Recruiting top talent is never going to be a 1 minute job no matter how much technology is added into the process to improve things. What I can say though is that the technology we’ve built into Tendo Jobs has been specifically designed to perform on large data sets and is an algorithm that is continually being improved to further promote quality applicants for employers. Many people fail to pass their driving test, while I can drive perfectly…
Regards,
Michael
This is moronic, and for several reasons that I can’t be bothered articulating. I will say however there is thousands of recruitment agencies, in many sectors, making hundreds of placements every day across the entire globe – so they must be doing something right.
Hi Colin,
Thanks for your colourful opinion. Please do state your reasoning though, I’d be interested to hear. You are right though, the reality at the moment is that recruitment agencies very much do control the flow of candidate supply, which is why we built Tendo Jobs to remove the dependency that is currently in place so employers can save money and candidates can apply directly to companies.
Regards,
Michael
There used to be lots of Taxis delivering people or bed and breakfasts supplying accomodation. The industry needs to innovate or become irrelevant. Like many industries in he commission business there has to be a value and technology and innovation will overtake. Look at travel agents look at real estate and now insurance agents. Unless they can add value and a differential for he customer then thusly will be over taken
Hi Nick,
I completely agree with you. I find it rather amusing how virtually all recruitment agencies are getting rather defensive rather than seeing this as an opportunity to adapt, it’s quite telling really. It’s good to hear from a non-recruitment agency too! Thanks for your comments 🙂
Regards,
Michael
Michael, you say technology can do a significant part of the job… I’d argue that massively, as the biggest part of the job is qualifying the motivations of candidates and finding something they really want, whilst also ensuring that a candidate is of the right personality and character to fit within a team.
A piece of technology cannot effectively qualify a person, understand a person etc as much as another human can.
Your attack on recruitment and this ridiculous idea is ill-thought-out and uneducated on the recruitment process.
Hi Grant,
I’d argue that top talent doesn’t need help in qualifying their own motivations and finding something they really want. Top talent knows exactly what they want and why they are doing things, and rarely need help from someone who knows nothing about them to help them extract this information.
Personality fit within a company is always best judged by the company their self. No matter how close a recruitment agency gets and builds a ‘strong relationship with the client’ they still aren’t going to know what it is like in the office on a day to day basis better than the in-house recruiting manager.
Recruitment is broken, and we’re doing something about it – no matter how much negativity is thrown our way from recruitment agencies 🙂
Regards,
Michael
I don’t think you can count a one off fee as being detrimental to the candidate salary. If a candidate is going to be paid £23k, they will be paid 23k in year 1, year 2, year 3 etc (of course, potential pay rises also). The recruiter will get 20%, so £4.6k ONCE. So if you’re logic is correct, and companies do deduct salaries from employees to pay recruiters, then surely in year 2 they will be given the £4.6k pay rise if it was ‘always budgeted for’. This doesn’t happen… or very very rarely does
I think companies like this are going to have a real nasty shock when they realised they’ve invested all this money, and it’s a waste. Recruitment won’t be fixed, and your business will not succeed, by painting a bad image of the industry. Try genuine innovation, not ‘recruitment without agency fees’ as your USP
The final point that I feel obliged to make, given the gross misrepresentation of our jobs and industry here, is that if you genuinely think that we get money for just meeting people and sending CVs or posting jobs then again, you’re doomed to fail in this industry. I can spend months on requirements, scoping out the best candidate, staying in touch, presenting it in a way that engages them, building a network and being a trusted advisor. The cost to the business of not having the hire far surpasses the money they will pay me to get them the right person and I will do it a lot quicker than they would themselves.
It’s just such a flawed, uneducated and dishonest article… I’m genuinely surprised you would publish this and defend it
Hi L,
Thanks for the comments. If a candidate is paid the same amount three years running, they are actually worse off when you take into account inflation, so they will probably leave, find work through a recruitment agency again and the cycle of fees continues. Not very good for anyone involved in that process other than the recruitment agency, which is why we’re seeking to change this. 🙂
Speaking from my personal experiences when working for companies that I’ve applied directly to in the past, I can say that they do indeed provide much greater remuneration and benefits packages, with annual bonuses of 20% of salary in one example, and another example with significant annual pay rises plus Christmas parties abroad, paid for by the company. All of which wouldn’t have been possible if this money was being paid to recruitment agencies in fees.
You state that “Recruitment won’t be fixed” – So you admit that it is broken then? That’s a good start. 😉
You also state to try “Genuine innovation” – In your opinion, what would that look like?
Regards,
Michael
‘the recruitment agency gets around £5,000 simply for sending a few emails and connecting you with the employer and passing on your details’
If it only it was easy as that.
Hi Will,
Have I missed a few things? Care to enlighten me on the justification of 20% fees, in your experience, what do recruitment agencies do to justify the equivalent average salary of 2 months of time?
Regards,
Michael
Oh Michael.
It saddens me how little knowledge you have within the recruitment Industry. The majority of recruiters put in a hell of a lot of work to make one placement. They have to build a relationship with the client, find them the best candidate for the position and keep in constant contact with both until the start date. They carry out their own interviews and competency based tests, give the candidate interview preparation and sometimes send more than a few E-mails. I mean I’ve sent over 20 today. So perhaps maybe I’m doing it wrong. But I’m certain you and Tendo jobs can guide me in the correct direction like a wise technical recruitment buddah tag team.
Regards,
P.I.Staker.
Hi Peter,
It’s great to see some recruitment agencies going out of their way when it comes to hand holding candidates through the process. In my experience, top candidates rarely need hand holding as this isn’t their first rodeo and recruitment agencies simply get in their way when they would instead prefer to be dealing directly with the end employer.
Regards,
Michael
Hi Michael,
You have missed plenty.
For a start, the likelihood of obtaining a 20% fee of a job which is £23,000 salary is very unlikely, it will more than likely be 10% – 15%.
There are a variety of different ways agencies can justify their fees, which I am sure you will have done your market research on.
You are little more than an ill-informed troll trying to gain some publicity through making unsubstantiated, unsupported claims on an industry you clearly know nothing about.
Hi Michael,
A question for you. Why do you need to see a candidate “face to face?”
Hi Damion,
I’m not sure I understand what you’re actually asking? In what context? The recruitment agency? Us? The employer? Someone else?
Regards,
Michael
What a complete an utter load of nonsense and this is coming from an HR Manager.
At no point in any company that I have worked at (multinationals to smaller local organisations) has any budget been spent by taking it from the employee in order to pay a recruiter. You have completely misread an entire industry. There are some massive flaws in the recruitment market and terrible information such as this is one of them; it perpetuates un-grounded and un-founded ideas about an industry that some organisations could not do without.
Do you really think you know better than every single FTSE100 organisation out there? Do you honestly think as someone who has never ran a multi-billion dollar company that the guys that do and have would rely on something that is unnecessary?! Utter narcissism at it’s highest. Get over yourself. You have started a job board, nothing revolutionary, nothing thats going to change the way recruitment operates, nothing that is going to last.
Hi Annonymous, (not the hacker group, right? 🙂 )
Given the example of FTSE100 companies, their sole purpose is profitability and growth to ensure shareholders generate a return on their investment. FTSE100 companies often spend millions on recruitment related costs per year and if technology like Tendo Jobs is a step towards making companies more profitable through cost saving efficiencies then this is a positive step towards solving the many challenges that currently exist in the world of recruitment for both employers and job hunters.
Regards,
Michael
I earn £50k per year. If I went through an agent and then only got offered £40k because the agent needed to take £10k – I would not accept the job.
If I was looking for 50-60k and the client offered 50k. Then I found out that other people on the team doing the same role were earning £60k, I would resign or ask for a pay rise.
Do you see the flawed logic in the lie you are pushing?
I think you have a fundamental misunderstanding of how businesses work.
Hi Recruiter,
I think you may have misunderstood the logic there. You see it all comes down to pounds and pence in the bank account for the business. When money is being spent on unnecessary recruitment agency fees, this leaves less money in the pot to pay for things such as higher staff salaries, staff parties, staff training, staff bonuses, etc. You see? It’s really quite basic sums.
Regards,
Michael
1998 called and it would like it’s idea back.
I remember Reed Online launched with a more professional but similar approach years ago. I remember job boards telling me that they didn’t want agencies as clients, they were only going for direct hirers and their pricing reflected this. It changed pretty quickly of course and now they realise that agencies are their best customers.
For whatever reason, and I admit its somewhat unfathomable, nobody has killed recruitment yet and I seriously doubt it’ll be Tendo jobs with that logo.
Hi Ben,
What you say is absolutely correct and is causing many of the problems that exist in the world of recruitment. Virtually all major job boards are primarily full of jobs from recruitment agencies, up to around 80% from some research we have done on this. While this is great for the job boards their self as this is a nice revenue channel for them, this is exactly what job hunters dislike about searching for jobs. We’re looking to change that and the feedback we continue to receive from job hunters is that Tendo Jobs truly is a breath of fresh air when it comes to searching fr jobs.
Feel free to use your graphic design talents to design us a new logo too 😉 Email it through to us once you’ve had a go with a few ideas, hello@tendojobs.com.
Regards,
Michael
I was offered £350 a day by the employer but the agency said to me I could only have £330 a day as they needed to take their fee
Hi Angela,
Great to hear from someone who isn’t a recruitment agency! And this just backs up exactly what has been said from the start, regardless of what any of the recruitment agency naysayers say.
Regards,
Michael
Michael, the desperation you are going to, to sell a product that looks like it was constructed in the late 1990s is excruciating.
I’m an in-house recruiter with 20+ years experience, and pay 15-25% to agencies who are worth it – but try to direct source for 75% of roles.
We do NOT reduce anyone’s salary by 15-25% as a consequence of using an agency. You are talking utter trash.
Hi Steve,
Thanks for your input. So for the 75% of roles that you source directly and don’t have to pay recruitment agency fees on, where does this money go? Is this money saved, spent on training budgets, bonuses, pay rises, conferences, recruiting more staff or simply pocketed by the company in your specific case? The reality is that when a company saves money anywhere throughout the organisation, this can be deployed on more productive aspects to grow the business further whether that is investing in staff, machinery or marketing.
Regards,
Michael
This is utterly hilarious. Was this written on April 1st by any chance? Absolutely no basis in fact whatsoever. Has no verifiable evidence. The best thing is that what Michael is suggesting is also entirely and utterly illegal.
Now on the question of legality. Does Michael seriously expect anyone to believe that the Department for Justice, The House of Lords, Oxford University, pretty much every hospital, council office, public sector organisation including the CPS, Police, Education Authority are collaborating wilfully outside of the law? In fact does Michael actually believe that probably 95% of the Top 500 legal firms in this country are operating outside of the law when they use temps, interims or hire through external recruiters?
What a shambolic business idea.
Hi Darren,
I think you’re getting a little carried away with yourself there 😉 When businesses save money on recruitment agency fees, this money can be more effectively spent throughout the organisation including on employee salaries should the employer choose.
Regards,
Michael
I wonder if this happens for accounting agencies, law firms, PR firms.
#saynotoexternalaccountants
#saynotoexternallawyers
#saynotooutsourcing
Hi #1 Cropper Fan,
Let’s look at what’s happened to Accountants relying on basic book keeping, invoice management and annual returns…. they’ve lost business to cloud based software like Xero, QuickBooks, KashFlow, SageOne and more who have millions of customers around the world. This has forced accountants to seriously take a hard look at their services and move away from basic services towards more value added services such as strategic business advice and support rather than basic book keeping. Software in virtually every industry is replacing low skilled work and we are looking to do just that in the world of recruitment. Top job hunters do not need a recruitment agency to hand hold them through process, they want transparency and clarity throughout – which software and technology provides. 🙂
I’ll send you some Cropper branded fan merchandise through the post and a signature, send us your address to hello@tendojobs.com 🙂
Regards,
Michael
Hi Michael,
I am fully on board with your idea, and I think we should take it one step further.
#saynotocoffeehouses
I think that if you directly sourced the coffee beans yourself from the virgin hills of Columbia, you are far more likely to receive a cheaper product rather than paying for a Starbucks. A middle man such as MR. Cafe Nero will certainly charge around 50% more than you would have to pay if you brewed the coffee yourself after importing the beans in from Southern America. This money could be invested by farmers to strengthen the crops that will enhance production thus further reduce the price.
There is a slight problem though – it’s rather tricky. And a good coffee usually requires a barista. But hey, what do I know.
I’ll just have a Costa.
Hi Recruiter,
The key difference here is that when job hunters work directly with employers, they don’t have to travel to the sunny Virgin Hills of Columbia. They can simply search on Tendo Jobs and find their next perfect employer in seconds. It’s a tad easier which what job hunters love about Tendo Jobs 🙂
Regards,
Michael
My main point on this would be that you are unlikely to ever achieve the level of quality in applicants needed to drive this. They just don’t engage with these types of platforms. It’s the same premise on job board applicant quality being very poor. Plus, with the rise of social media channel recruiting and building of in house capability, i would be careful how much money you plough into this idea.
Hi Liam,
Let us worry about connecting with job hunters, we’re gaining a lot of traction already and this is showing no signs of slowing, take a look if you haven’t seen our growth figures to date: https://blog.tendojobs.com/2017/02/21/tendojobs-com-sees-a-32pc-growth-in-active-job-hunters-in-january-2017/.
Applicants using many of the larger job boards around with their ‘one click apply’ type technology often are simply firing out as many CVs as possible on the off chance that something sticks. Instead, we’ve a systematic application process which ensures applicants put the effort into applying for jobs which helps to weed out people who aren’t actually that interested in the job and results in higher quality applicants.
Social media recruiting is great, yet most job hunters don’t particularly want to shout on social media when they are looking for a new job as they are probably connected to people they work with. Most job hunting by applicants is done using online platforms like Tendo Jobs which allows the job hunter to remain anonymous to employers until they apply for a job which is what job hunters like about Tendo Jobs 🙂
Regards,
Michael
Michael, technology will NEVER replace recruitment, it simply can’t compare. How do you expect to headhunt to find the very best candidates? Do you think that candidates just apply to us and we take a 20% fee? I can tell you as a recruiter, we are in the office at 7:30am and won’t leave until 7pm, we are on the phones non-stop and using our LinkedIn recruiter licences searching for new talent (which by the way cost a fortune) – this is what companies are paying for, we will find the best candidate, something technology will ever be capable of. It’s actually shocking how naive you are about the whole process and if you continue with this mindset your business will not work.
Hi Warren,
You are looking at everything with your recruiter hat on so you are going to have this opinion. Try to look at things differently and review how technology has revolutionised virtually every industry around, recruitment is next I hate to say it. All of the things you mention can be implemented better, faster and at a higher quality using the right technology that we’re working on building right now. Technology is your friend, not your enemy.
Regards,
Michael
I am not a recruitment agent. I am a sometime client and sometime candidate. I have spoken with recruitment agents and I have investigated the industry to try to get a better understanding of the process and the fees, however, I have never come across any client in my conversations who would increase salary due to savings on recruitment fees.
Recruitment fees are tax deductible, so the gross figure paid to recruiters isn’t a direct deduction from the eemployer’s bottom line.
Additionally, an increased salary surely leads to increased employer’s NI contributions (I’m no payroll expert)?
The problem with this opinion (“Recruiters are bad, m’kay?”) is that for every role where the client approaches the recruiter, who just happens to have five great CVs for that role, there are hundreds of situations where the recruiter receives no fee (the job is withdrawn, for example) and – guess what? The recruiter gets nothing for the time they have invested. Whilst on that point… If the recruiter has five great CVs – where do you think they came from? If it was so easy to get five applicable, great CVs then employers should SERIOUSLY question why they haven’t done it themselves…
One final thing you seem to have overlooked.
I don’t want to be hunting down CVs, provisionally interviewing candidates before shortlisting from potentially hundreds of CVs. I pay an agency to do that. I am not a recruiter, so I have limited experience in the pitfalls of going to market for a role, so I employ someone for whom it is their bread and butter.
The arrogance of someone positing “Well, they get thousands for handing over a CV” is breathtaking. I can only presume that you phone individual insurance companies to secure your home and vehicle insurances rather than the online brokers (who get money just for processing your car registration and home address).
A good recruiter provides a value-for-money service. Suggesting otherwise is obtuse and disingenuous – or naive.
I’ve just re-read your blog and I sincerely cannot understand why someone would take the £5k fee on a £23k salary and add it to the new employee’s salary for bypassing a recruiter? It doesn’t make any business sense at all?
Using a recruiter.
First year: Salary – £23k. Recruiter fee – £5k – Total £28k
Second year: Salary – £23k. Recruiter fee – £0 – Accumulated total for two years: £51k
Going direct.
First year: Salary – £28k. Recruiter fee – £0
Second year: Salary – £28k. Recruiter fee – £0 – Accumulated total for two years: £56k
Why would any business commit to spending MORE to recruit someone by inflating salaries for x years off the basis of a first-year saving on recruitment fees?
The best business models reflect the business challenges and opportunities as they actually ARE, not how one would hope them to be. Your loogic seriously doesn’t stack up.
Hi Mark,
Following on from your previous comment, to discuss the points you raise in this specific comment here. It’s quite simple really, companies looking to hire top talent know that they have to put their money where their mouth is, and if by avoiding paying recruitment agency fees, then this results in additional money in the bank that allows them to invest this salary to attract top talent to work at their organisation. The best talent knows their worth and knows what companies are paying for their skills, which is why companies often struggle to attract top talent when simply paying ‘market rate’ for a specific job. Top talent doesn’t work ‘at market rate’ they work above market rate which is why they are top of their game. Hence any savings made in recruitment agency fees provides additional budgets for attracting top talent directly by offering higher salaries and company bonuses and perks etc.
Companies attracting top talent to their organisation don’t see employee salaries as a cost, it is an investment and one where it is often the case of you get a better return based on what you invest. Let’s take a look at the largest media company on the planet, Google. Google doesn’t pay ‘market rate’ for their staff because Google knows that to attract top talent to their organisation they have to pay great salaries as a baseline. This talent over the years has turned Google from a garage business to the global giant we see today. Quite a good investment in talent I’d say… 🙂
Regards,
Michael
I’m glad you have used Google as an example, they have an amazing in house recruitment team.
What background did these individuals come from? Talking about recruitment agencies, Google value it so highly they decided to INVEST in an in house recruitment team. Your argument has no logic and facts behind it.
Hi Mark,
Thanks for taking the time to reply. Virtually all expenses in business are tax deductible, this isn’t a reason to spend money though. Business is about making efficiencies throughout, including on how budgets are spent. As you say, no employer wants to be manually sifting through hundreds of CVs, that’s why we built our ApplicantRank algorithm which does this automatically for them. 🙂
Comparing job hunters with a commodity insurance product is not something that generally goes down well with top candidates. Top candidates aren’t a commodity to be traded between companies at the lowest possible cost. Top talent is looking to be well remunerated for their work, so if using platforms like Tendo Jobs can save employers money and recruitment agency fees, then this helps to work towards that goal. It’s quite simple really.
Regards,
Michael
Very interesting analysis but lets be honest this isn’t going to work.
Why pay agents in to represent football cricket and all other sports?
Why pay HR to deal with recruitment when managers can do it directly and offer a larger salary?
Why should you pay for a Gardner or a window cleaner when you can save the money and do it yourself and treat your family?
Why should people like yourself mislead people into thinking recruiters do nothing?
I’m guessing you have had a bad experience with a recruiter and decided to throw your toys out of the pram, but guess what we have all had bad experiences at some point.
Majority Of the time a recruiter finds success in filling a role/vacancy by offering the opportunity to someone who is not actively looking on the market. The recruiter will spend a lot time shortlisting potential candidates with in their network.
How would TENDOJOBS present opportunities to those that may not be actively looking on the market but if a genuine and good opportunity came along they would consider?
Good recruiters build relationships with candidates, understand what they are looking for and what their ideal job role and environment of work. Even if it took them 2/3 weeks or even months to find the right role they at some point present a opportunities something which the candidate may have never found them selves.
Your article is not based on any research and is all speculative, if you have researched the topic I am happy for you to email me the findings.
Until then all the best with you new venture but I honestly hop you fail and fall flat on your face <<< may sound evil but you are trying to prevent me from earning a honest living and provide for my family.
#StandUpToRecruitmentBashing
Regards
Riz
Hi Michael,
This article has been an interesting read, and it has led me to question what your source of information has been.
I’m concerned to read that supposedly the agency ‘finders fee’ is taken out of the candidates salary. This is just not right in any way, shape or form. I have worked with recruitment professionals and industry-experienced professionals alike, many of which have spent time on both sides of the fence, and none of them would agree that this is the case.
The entire implication of this is that any professional, regardless of status, is immediately devaluing themselves as soon as they choose to be represented through an agency, as they are effectively deciding to have themselves paid lower than is the norm for their position. If this was truly the case then no hiring manager would EVER go through an agency, as they would be aware of this salary cut and avoid it at all costs, which is not represented in the current market at all, as I personally have a number of hiring managers that I am in regular contact with currently that would be happy to consider options elsewhere should the right one present itself.
This response isn’t put over from a defensive stand point, but more-so put over with a view that I think you could be educated on the matter from people perhaps without a bias on either side. I think if you speak to a recruiter, you’ll more often than not have a response weighted in a recruiters favour, and obviously it would lean the other way if you spoke to the other party.