have a look at Talent on View’s latest product – launching in June – aimed at Gen Y – this is the gap between Facebook and Linked in – Facebook – a little dangerous and Linked in – positioning itself as a social network and not a “people board” :)

http://www.cvonview.com

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Online Uk Jobs Resource

Martha

One of the costs that must stand out like a sore thumb is the invoices submitted by recruitment consultants which have been the seed corn for the explosive growth in job boards. I can’t be the first person to notice a single vacancy 10 or more times on a job board from 10 different agencies. This plays into the hands of the job boards quite nicely thanks very much as they are collecting 10 times the revenue.

In the UK the permanent recruitment business normally charge something in the region of 25% of the commencing annual salary, for a mid level manager position this would amount to a fee of around 10K GBP. That’s a lot of dough for putting a role up on a board for 7 days, first filtering say 30 resumes, speaking to 15 candidates on the telephone, speaking to 10 candidates in person to ensure that they are articulate and personable and passing maybe 7 candidates through to the employer for 2nd interview. My experiences on the employer’s side of the fence would suggest that the agency’s personable and articulate filters need some adjustments too, the rubbish that have had to interview !

The contract end of the business works to the benefit of the recruitment consultancies even more than the permanent recruitment business. The end user of the service may be billed 600/day by a primary agency that may well be being billed 520/day by a second tier agency and the person fulfilling the role at the customer site might be picking up 450/day. So that’s 150/day that’s disappearing between the customer and the vendor, over a typical 100 day contract that would be 15K and if the contract rolls over do the agencies reduce their cut ? All their costs, security clearance etc are front loaded so their margin for the extension certainly is increased, erm no they don’t.

A closer relationship between the contractor and the end user would clearly be financially beneficial for both parties. The end user could find the contractor on a people board, the agency could be just used to ‘front up’ the contract for a much lower fee as all their whining about all that effort they put in to find the right candidate would no longer hold water.

Contractor agency fees must be one of the only business models that does not have price breaks based on volume. Imagine a hotel chain who charged the same rate for a 1 night stay as they did for a 100 night stay.

Once businesses start to cut the fees that they are prepared to pay recruitment consultants this will feed down to the job boards and who knows may be business HR functions might look at cutting agencies out altogether. If you’re a major recruiter where’s the logic in paying for recruitment on a transactional basis.

I thought Stacy’s comment about charging for access to her job board was to ensure that resumes don’t fall into the ‘wrong hands’ was amusing, would they be the hands that are not clutching $$$$ ?

At the end of the day ou either want to further your career or you don’t, for God’s sake people ADVERTISE !!!! A number of posts in reply to this article clearly indicate people are stuck in the job board mentality of looking for a job rather than the employers seeking candidates. Despite the current economic climate, the right candidate is still hard to find.