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TOP STORIESCandidates abusing recruiters8 May 2008COMMENTSIt actually saddens me when I see such negativity about the recruitment industry (especially in finance). I would never let anyone who works for my firm do anything listed above and they would certainly be in line for dismissal should they do this and hide it from me. Read all comments »With jobs harder to come by, bankers are behaving badly towards recruiters and headhunters, who are suddenly unable to slot them into comfortable new positions.
“We’re starting to get a lot of angry emails,” says one structured credit headhunter. “Bankers are approaching us and questioning why we can’t place them in hedge funds or commodities businesses. They’re venting their spleens, but there just aren’t the jobs.”
“Candidates are more rude and obnoxious,” confirms the head of a derivatives recruitment firm. “We get a lot of emails saying ‘You guys are no good at what you do’.”
“Candidates have become used to getting what they wanted over the past few years,” agrees Adam Buck at recruiters Selby Jennings. “They were able to say, ‘I want to work in a macro hedge fund with £x million under management,’ and we were able to deliver for them. That’s no longer always possible and people need to understand that the market has changed.”
Frustration might also have something to do with the fact that recruiters are no longer doing their best to accommodate everyone.
Zaheer Ibrahim at search firm Kennedy Associates says it just isn’t viable to spend time on borderline candidates any more: “The CVs we see are walking money. We’ll go for the triple and double As, but we can’t waste our time with people who won’t generate money for us in this kind of market.”
COMMENTSseb, Trading, Thu 08 May 08....they say they have plenty of jobs but most of them are just fake jobs! everybody knows it...they just contact you to get ur CV that s all Add your comment »anon, Derivatives, Thu 08 May 08gto graduae student:
Charles, Investment Banking / M & A, Thu 08 May 08Unfortunately 'anon, Derivatives' and 'seb' are correct, agencies adopt exactly this approach. Those headhunters who work exclusively on a retained basis are far more effective. Add your comment »Quentin Crisp, Consultancy, Thu 08 May 08Beware of those agencies which advertise a whole string of jobs in one go - CV collectors extraordinaire. Also beware of recruiters who collect gossip and trade it. Stick to those who have years of experience, who once worked in the banking space and who don't wear pointy shoes. Add your comment »associate, Investment Banking / M & A, Thu 08 May 08All the recruitment firms I have met are totally useless, using unethical methods... They abuse you, you should abuse them! Add your comment »seb, Trading, Thu 08 May 08I mean that many jobs they advertise do not exist!!! **** (DELETED BY MODERATOR) is the worst ever...they call you just to update their records. They dont know what they are talking about, I remember i had to explain them what was written in the job description they had on their websites! honestly they really think we are stupid...that s the only agencies advertising tons of credit jobs and we all know that banks are getting rid of thousands of people Add your comment »donald duck, Hedge Funds, Thu 08 May 08"-Candidates abusing recruiters" : Well it is about time ! HH got away far too aften with their work practices. They don't deserve much recognition whatever the market conditions. HR are huge cost centers for any firms and filled with poorly qualified people, and the HH industry, with its Low basic/high commission structures and practices make its employees more greedy salesmen than any sort of consultant/specialist and can only obviously attract or retain young agressive workers. London's Finance HH usually lack dramatically of :
Jason, Insurance, Thu 08 May 08Agree with "donald duck". HH are incredibly inept and notorious time wasters. Furthermore, their lack of maturity and professionalism is a serious concern. Add your comment » |
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