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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.”
COMMENTSToddie, FX & Money Markets, Thu 08 May 08*** (DELETED BY MODERATOR) is the worst agency ever.
anon, Derivatives, Thu 08 May 08ohhh yes toddie - the firm name was deleted but bet i know who you mean:) Add your comment »donald duck, Hedge Funds, Thu 08 May 08I quote Zaheer Ibrahim (Kennedy Associates)from the article : “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.”
Wizard of EC1, Thu 08 May 08Today's candidate is tomorrow's client - HH would do well to remember that. My experience is that there are an increasing number of "phantom" jobs out there at the moment and this practice damages the reputation of the headhunter in the medium term. Non "branded" job descriptions are a dead giveaway and dangerous put your name to. Just because times are tough, doesn't mean you have to destroy your reputation to feed a desparate head hunter. Add your comment »anon, Sales & Marketing, Thu 08 May 08Toddie hit the nail on the head. I spent a better part of late 2007 wasting my time on them and of course them asking me who I interviewed with (info collection) and the jobs they offered me was nowhere near where I should be. I even had to explain one of the jobs they had posted to show I can od it. To top it off, I love when they know more than you do but never worked a day in the job before! Add your comment »HR person, HR & Recruitment, Thu 08 May 08Nice to see that consultants are being treated the same way that they treat everyone else! Can't believe this has even made it as an article!!!! Add your comment »rec con, Consultancy, Thu 08 May 08you lot try and be recruitment consultants, then try telling us how to do our jobs. Add your comment »Mr Search, HR & Recruitment, Thu 08 May 08I think Charles and Wizard make fair points. A lot of people refer to agencies, which at the contingent end of the market display little resemblance to search firms. Be assured that I still find professionals suitable for my clients, not the other way around. Its also noteworthy that more often that n not ill be speaking to a professional for 18mths + before I facilitate a move into a relevant role at a suitable juncture in their career and perhaps never move them but have meaningful 2 way flow of market intelligence – not gossip. IB professionals are right to be weary, but would I suffer rudeness? No and in return the individual receives a candid and effective process. Add your comment »Gerry, HR & Recruitment, Thu 08 May 08I think it was rather ill-advised of Zaheer Ibrahim to say he only views people as walking £ signs. It may be true, but why would you draw attention to the fact that your firm is the paradigm of the flashy wideboy people see most recruiters as? Add your comment » |
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