Why can’t LinkedIn and/or any online job platforms replace recruitment agencies/headhunters?
Sooner or Later Recruitment Agencies Will Be Obsolete!
Many companies have outsourced the recruitment process to recruitment agencies/headhunters/consultancies since the start of the 2nd and 3rd industrial revolutions in which people started to work for giant corporations/companies. The business model of recruitment including screening CVs, finding potential talents, and selecting right candidates for specific job role becomes more popular and more important nowadays.
The core business value of any recruitment agencies these days, is to be a match maker between an employee and an employer. It seems to be a straight forward task, doesn’t it ? So, why do employers still need recruitment agencies to find the right employee? Why don’t they do it themselves via online platforms or direct applications? The answer of these questions lies on time efficiency and connections/networks.
The important thing about outsourcing or global sourcing is that it becomes a very powerful tool to leverage talent, improve productivity and reduce work cycles. — Azim Premji —
Since time is equal to money, waiting for candidates to apply and promoting jobs directly by employers seem to give slightly similar outcomes compared to hiring people through recruitment agencies. Despite of minimizing the hustles and bunch of paperwork associated with hiring people, hence, many companies these days, prefer to outsource this task to recruitment agencies / headhunters / consultancy companies.
However, how important the recruitment itself for both employers and employees ? The answer to this question is very very very important. Just like a sales person, the recruitment plays a significant role on promoting the companies to the prospective employees. The recruiters instead of just promoting and representing the employer as a company, they are also responsible to attract the highly skilled talents to join the organization. The more bright the talents, the more successful the company would be. As the most valuable assets of any successful organizations in the world lies upon the quality of their human resources.
So, if this job is super important for the company, why don’t they do it themselves which means the company has absolute control over hiring the right talents.
Many startups do that, by the way! Don’t forget the hiring process is also expensive! Only most of the fortune 500 companies which outsource their recruitment process. However, some of them still holds the final decision of the hiring process themselves, such as google, facebook, and any other giant tech companies. In some point, it is also very risky to outsource the hiring process. The fact that the employer is responsible to pay and hire the talents after the hiring process being finalized.
Let’s look into detail of how do LinkedIn and/or any online job platforms replace recruitment agencies/headhunters function in this 21st century. As mentioned, many startups companies do not outsource their hiring process.
First and foremost, it is cheaper and safer. For the startups, it is very important to hire the highly qualified and motivated talents as part of the core organization. It is just like driving a car for the first time. Making sure you hire the right talented and motivated drivers who can drive you 24/7 with full of energy will make the startups going to the top of the game. Therefore, the vision of hiring directly without any agencies gives a huge impact on many startups.
Secondly, although the hiring process may take longer time without the helps of the agencies, it may give a good insight of the right talent. We will soon see the trend of this hiring process without the helps of the agencies in the coming decades. With the help of so called AI (Artificial Intelligence), this process can be automated. As far as the interview process is concerned, many agencies these days are still using traditional method of hiring talents. Several unnecessary talking over the phone just want to double check that the candidate is a real human with the same background can be automated with the help of the technology, such as Video Resumes, and any other Online CV platforms. Moreover, the filtering and recognizing that the candidates have the necessary skills needed towards the intended job functions has already been automated with the help of LinkedIn search engine platform.
Thirdly, the hiring process could be an absolute benefit for gathering data of the prospective candidates and making it into profitable sales revenue. It sounds little bit odd, but if you consider the contact details from the hiring process can be used for promoting the company. This might not be possible if the hiring process has been done by the recruitment agencies. They will keep the contact details secret and that’s what their core business model is.
Last but not least, the company gains better and powerful network with highly referral talents that they’ve gathered through out the hiring process. This will last to make the optimization of the hiring process becomes better and better since there is a quotes saying that people tend to attract the like minded people. So, if the company starts with hiring the right talented people themselves, it will flourish in the future to attract even better highly talented people.
So, The bottom line is: Sooner of later, LinkedIn and/or any online job platforms will replace recruitment agencies/headhunters in the coming decades!!! So, why don’t you start revolutionize the hiring process now?
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