The credit crunch has brought about big changes to recruitment, but could it actually have been a change for the better?
The heady days of the 80s and 90s when recruitment was essentially a sales industry are gone and if they want to survive, recruiters must provide more of a service to employers.
According to John O’Sullivan of Elite Leaders “Recruitment is different because there is a lot of noise, it is difficult to get the pearls of talent.”
As the market becomes client rather than candidate driven, the challenge for recruiters is to identify the exceptional candidates who will be a perfect fit for the clients company.
Even when the economy recovers, recruitment will not return to where it was before the crash. The growth of job boards and LinkedIn for use by employers will not go away and recruiters can’t just batten down the hatches and wait it out.
Every cloud has a silver lining and one positive outcome from the current economic crisis is that recruitment has improved for the better. Recruiters are providing more of a service and they should stay within this mode, not go back to the old way when the economy improves.