Tips for keeping a recruiting business steady through market swings?

How to Maintain Your Recruiting Business During Market Fluctuations

Navigating the ups and downs of the market can be challenging for recruiting firms, as hiring trends often fluctuate in response to economic conditions. While there are numerous discussions in this forum about which sectors are thriving or struggling, I’m looking for strategies to sustain a recruiting agency during lean times.

Given that both talent availability and client needs can be unpredictable and beyond your control, how do you keep your business resilient?

Do you diversify across multiple industries? How do you save effectively during boom periods to prepare for potential dry spells? What methods do you employ to ensure you don’t end up with an empty pipeline? Are there specific strategies you use to plan for these cyclical changes in demand?

Uk recruitment market

UK Recruitment Market Insights

Hello UK recruiters! I’m curious to hear about your experiences in the current market. My colleagues and I are facing significant challenges lately. I specialize in financial recruitment, and while I thrived last year despite a difficult landscape, this year has been quite tough. I’m wondering if others are also struggling or if it might be time for me to explore new opportunities. What are your thoughts?

Will a recruitment agency tell on me?

Will a recruitment agency reveal my job application?

Hi everyone, I have a question. I accidentally applied for a job through the recruitment agency that my current boss uses. I’m concerned—will they inform my boss about my application? Is there an expectation of confidentiality with these agencies?

Going through resumes with AI

Streamlining Resume Review with AI

Hello everyone!

Recently, our team has been overwhelmed by the sheer volume of resumes we receive for each open position on platforms like LinkedIn and Indeed. The process has become incredibly time-consuming for our small group, and outsourcing has proven to be quite costly. Since we work in the AI field, we decided to create an in-house tool utilizing the OpenAI API to help us tackle this challenge.

Our tool is quite straightforward: we begin by uploading a job description, which GPT analyzes to generate specific criteria. Next, we upload the resumes, allowing GPT to evaluate and score them based on those criteria. We then compile a total score that assists us in creating a shortlist of candidates.

So far, this approach has been extremely helpful, especially with GPT’s ability to provide concise summaries of candidates, which has given us the idea to potentially launch this as a standalone side project.

We’re excited to announce that it will be ready for public use soon! I’d love to hear if anyone else would find such a tool beneficial.

Would it be alright to share it here once it’s launched?

Help me

Need Advice: Should I Accept This Job Offer?

Hi everyone,

I’m currently a Senior Recruitment Consultant at a general agency where I’ve worked for the past three years. I genuinely enjoy my team and have a good relationship with the managing director, which is a plus. However, the company’s environment can be quite frustrating at times.

Recently, I’ve been working remotely due to road closures, saving around £300 a month on transportation. The new job I’m considering would require me to commute to the office daily, approximately 35 minutes away, compared to my current commute of 45 minutes to an hour.

My current base salary is £27,000, and I earned £50,000 last year with commission, working with fees capped at 15%. I’ve received an offer from a startup executive search firm that has solid financial backing. They’re offering a base of £30,000 plus commission, but their fee structures are higher at 20%+. However, their commission thresholds are tougher to reach compared to my current role.

The new team has made a real effort to recruit me, even taking me out for meals, and they promise potential for career growth and better earning opportunities. Yet, I’m feeling anxious about leaving my current job, especially given the current economic climate in the UK and my mortgage obligations.

My current company has supported me in achieving my goals, like buying my dream home and car, and has been there for me through some health challenges.

I’d really appreciate any advice or insights you might have! Normally, I’d turn to colleagues for guidance, but I can’t this time, and my partner has left the decision up to me. Thanks in advance!

Choosing the agency to work for

Deciding on the Right Recruitment Agency

Hello everyone, I’m using a throwaway account for privacy.

I’m currently exploring a career switch from sales/business development in physical products to recruitment. Recently, I’ve applied to several agencies and now have offers for the associate consultant position at both Michael Page and Robert Walters.

I would love to hear your thoughts on what criteria or factors I should consider when choosing between the two agencies before I make my decision.

Additionally, if you have any insights or experiences to share regarding either firm, I would be very grateful. Thank you!

Help a startup out & get some recruitment tips!

Support a startup and gain valuable recruitment insights! We’re on the hunt for innovative recruitment software that can make a difference. Any recommendations?

Recruitment Managers – can you please help me with my Recruitment BP interview :)

Attention Recruitment Managers – I Need Your Help!

I’m currently preparing for an interview for a Business Partner role within my team, where a key responsibility will be to report on recruitment activities across various departments. Although I’m a Recruitment Advisor now, I’ve taken on additional responsibilities, including reporting.

For the interview, I have a task that mirrors my weekly duties, but I want to ensure I’ve covered everything important. The task involves compiling data to present to senior executives, providing an overview of recruitment performance over the past six months. I have the flexibility to include any relevant information.

Here’s what I’ve compiled so far:

1. Total jobs requested
2. Total jobs closed
3. Total jobs currently open
4. Total jobs on hold/canceled
5. Average time from new application to offer
6. Average time from job approval to offer
7. Total applications received
8. Total ineligible applications
9. Gender breakdown of applicants
10. Number of applications reviewed by recruiters
11. Number of reviews conducted by managers
12. Total interviews held
13. Candidates who passed pre-employment checks
14. Offers accepted
15. Offers declined
16. Average time from new application to hiring manager review
17. Average time for hiring manager review of applicants

I would really appreciate any suggestions or additional metrics you think I should consider including. Thank you! 🙏

What are questions u give to MIS student majors?

What questions do you recommend for MIS majors? I’m looking for guidance related to internship opportunities in the field of Data Analytics.

How do I get booked meetings with interested prospects

How to Schedule Meetings with Engaged Prospects
Hello there! I’ve developed a new strategy that has significantly improved my ability to secure quality meetings. It’s made closing those meetings a breeze since the prospects are already interested and eager to buy. If you’re in search of a consistent flow of high-quality leads for your service-oriented business, our lead generation service could be exactly what you need. We provide 10 carefully vetted leads each month, ensuring they have a strong interest in your offerings, sufficient purchasing power, and a genuine need for your services.

We prioritize quality over quantity, allowing you to invest your time in serious prospects rather than those who are just exploring. We carefully select our partnerships to ensure a great fit. If this sounds intriguing, send me a direct message! I’d love to discuss your needs and see if we align. Even if it doesn’t turn out to be a perfect match, I’m happy to share some free tips on how to enhance your lead generation efforts.

I’m excited to connect with you!