You don’t only see a doctor when you are 100% well, do you? And the same applies to a business coach. It’s an interesting fact that, in recruitment at least, some owner/managers regard a NED or board advisor as their last luxury, a sign that their business has “arrived”. Now, while it’s...
Insight Articles
But what are the statistics REALLY saying? A red flag we can’t ignore
I make a point of reading data-led reports about the recruitment industry, workforce demographics and worker expectations, salaries etc. You name it - if it comes from a reputable source, with a decent sample size and no (barely) hidden agenda, I’m interested. It’s one of the ways I am able to...
Setting up for Success in 2024: A Proactive Approach to Strategic Planning and Growth
In Spring last year, I started working with a client who ran a small business (25 staff) placing tech infrastructure and UX specialists. They’d done pretty well during the job-rich year of 2022, and the owner was ambitious for 2023. In fact, he wanted to increase net profit by 50%. His cost...
Are your team “tram track recruiters”?
A business I work with has 45000 candidate records on his CRM. This was a mature business. At the same time, his team were spending 20% of net fee income (yes, 20%) on job boards and CV download services. That was having a big impact on net profit. He was a bit flummoxed. “Do we need to write...
5 Key ways to achieve your sales goals now
Lots of recruiters I know are struggling to build new business at the moment. In some cases, they have a team who have no experience of BD and can’t have a conversation with a client unless it’s about a specific job or candidate. In others, they find that market outreach has changed and banging...
Want to know the perfect commission scheme for recruiters?
There are 3 main things your commission scheme must deliver on: It must motivate the right behaviours for your business, in your market sector(s), in the prevailing market conditions. It must be attractive enough for recruiters to actively work to gain commission. It must be affordable to your...
6 practical steps for winning more exclusive business
Every recruiter I know wants more of their business to be exclusive. They know they can give the role the attention it needs because they will get paid. And the client will get a better service. But in many cases, they are just asking clients to take that on trust. I listened in to some...
The Five-Point Plan for Acing Account Management
One of my clients, Matthew, rolled his eyes at our last meeting. “Clients have become such tarts! They’ll engage with anyone these days who promises them a CV.” Matthew was frustrated. Despite bringing on and billing 46 new clients this year, his business still felt “hand to mouth” with no...
Recruitment training online: back-up and top-up, but don’t mistake it for the real thing
Everyone who knows me also knows that I am a dedicated champion of L&D. It’s central to performance. I took a postgraduate diploma in L&D. I have since used my knowledge to build and deliver countless bespoke, in-house learning programmes. I understand the science of learning. I’ve won...
So you’re in demand… but are you profitable? Part Two
In Part One of this two-part series, I wrote about the distinction between sales success and profitability. Managing costs is the obvious place to start. In Part Two, I want to focus on the areas that very few recruitment business leaders have a grasp of… Efficiencies If you run a perm recruitment...
Seven Habits of Successful Recruitment Business Leaders
Fostering good habits within your business builds an infrastructure that makes virtuous behaviour more automatic. The result? More success in realising your organisation's goals, while bolstering the opportunity to take on more challenging goals. Take a read of the infographic below to discover...
So you’re in demand… but are you profitable? Part One
Most recruiters I know are enjoying a period where demand from clients is the highest they have ever known. Sensibly, many have taken the opportunity to revisit things with clients, explaining their role and responsibility in managing recruitment to a successful outcome. And many are asking for...
The most challenging market ever – or is it?
Every day my inbox is chockful of new bits of “news” for recruiters – cataclysmic labour shortages, unhappy employees, “revenge resignations”, the skills/jobs mismatch, the rising costs of running a business... the list goes on. One recruitment business owner, of 5 years, told me yesterday that he...
After everything that’s happened, is your recruitment business truly resilient?
The pandemic has made it absolutely clear that we are not “all in the same boat”. More accurately, all recruitment businesses have been through the same storm - but our ships are different. Many recruitment businesses I know had their best ever year in 2020, and have continued that growth in 2021....
Why your mistakes are even more important than your successes
I interviewed with a client last week to recruit internal staff for her recruitment business. I listened to four interviewees talk us through their successes. Every one of them, unsurprisingly, glossed over their biography as if the whole thing had been planned in detail from the day they joined...
Demand is through the roof! Why are you still just taking job orders?
If you are (and I sincerely hope you are) experiencing extraordinary levels of demand for new hires from your clients, you are probably overloaded right now. For many of those in the recruitment industry, they have never experienced demand like it. Certainly, data like that from Reed indicates...
Successful Adaption – Part Two
One of the biggest fetishes in business is especially worshipped in the recruitment industry. A “never give up” mindset, the determination to “power through”, a value system that celebrates “grit” and dogged repetition. Some recruiters I know argue that this is more important than ever. I don’t...
So you want to try a new market? Part two
In my last blog, I began to outline what you need to do to maximise your chances of success when entering a new market. Here is part two – you can get a refresher on part one here, or continue reading to for the final four points… This is a guide only, please seek professional help when entering a...
So, you want to try a new market? Part One
In one of my recent blogs, I referred to the VUCA environment (Volatility, Uncertainty, Complexity and Ambiguity) in which most recruitment businesses now find themselves. In this world, agility is key. That may mean: Rapidly changing your proposition or product Finding new geographies Entering...
We don’t want to be micromanagers… or do we?
To adapt Jane Austen, it is a truth universally acknowledged that a recruitment leader must never, ever be a micromanager. Every time the phrase comes up, recruiters tend to shake their heads sagely and concur that micromanagement is a bad thing. But in the present situation particularly, perhaps...
Three learnings for leaders in a VUCA environment
VUCA stands for volatility, uncertainty, complexity, and ambiguity. It describes the environment of constant, unpredictable change that is now the norm in certain industries and areas of the business world. Once you recognise that you are in a VUCA environment, the only logical approach for...
Starting up a temp/contract desk? The seven big mistakes you must avoid
So, you’ve got the message. Your recruitment agency is a lot more resilient and attractive to investors if it has a serious temp/contract capability. Interestingly, about 75% of start-up recruitment firms start – and stay – largely perm placement oriented. And I’d like to suggest that it’s no...
Q&A – What does a Recruitment NED do?
You can do better than “get back to normal”. If you’re a recruitment business owner who has started seeing some signs of recovery in your sector – and I sincerely hope you have – you’ll be thinking about bringing people back to work and getting productivity back to normal. I’d like to suggest that...
Recruitment: And now for something completely different…
A really interesting aspect of the current crisis is how, even in the recruitment industry, it has affected businesses so differently. Some are actually better off and experiencing increased demand. Some specialise in markets which are so candidate oriented, including international remote workers,...
“Thanks For All Your Work, But We Already Know That Candidate” – Minimising Wastage in Your Business
This week I spoke to a client, a small business owner who prides himself on client relationships and understanding candidates. When we reviewed last month’s results, he explained that he had lost two of his expected fees after submitting CVs, when the client told him that the candidate was already...
12 Questions You Must Ask Yourself If You Own A Recruitment Business (Or Would Like To)
I’ve spoken to a lot of small recruitment business owners over the years, working as a N.E.D. and advisor in the recruitment industry. As you’d expect, a lot of them are experiencing similar frustrations: “I know we offer a great service, but lots of employers just won’t give us a chance” “I want...
Six Credibility Robbers That Recruiters Use
We all know recruitment is a competitive business. Winning business from clients is hard enough. But there are certain “habits” that are widespread – endemic, even- in the industry that are making it even harder. I’ve consulted with 14 “clients” (line managers and HR professionals who are targets...
Off-CV Information: Why Who You Know Should Matter More Than What You Can Do
College drop-out? Have you tried applying for a job online recently? It’s a dispiriting mix of anonymous adverts – and yes, I think some of those jobs are fake – and automated responses. Almost no adverts invite candidates to speak to the consultant involved. And this is happening at a time of...
6 Examples of Active Management in Recruitment
Have you recently done a round of monthly 121s? Whatever you call them (personal development meetings, planning, review, action plan), the chances are you spent a large part of them reviewing activity and performance from a month that finished two weeks or more ago. And a lot of conversations go...
So, You “Just Fell Into Recruitment”, Did You?
Talk to people round the industry and I guarantee that about half of them will use this phrase. Some even without thinking. When you consider what a recruiter’s job is about, there’s really no excuse. Every time a potential recruiter hears this, it highlights the idea that recruitment is not a...
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