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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.”
COMMENTSRonan, Research, Fri 09 May 08Its high time the HH firms became mature in finding appropriate jobs and adopted professional means to help in appropriate placement of candidates rather than just contacting candidates for resumes and then saying the positions are not suitable or require a experience the candidate does not possess Add your comment »AXL,, FX & Money Markets, Fri 09 May 08I can't count the number of times these Donkeys have lied about their so called "opportunities." One particular firm will never give you an agent's contact name. They just give out a generic name like Peter@XXX.com. When you call the office whomever answers will put you onto Peter...and its never the same person. Then they try to suck information out of people. WE have to blame the institutions that use their services. Add your comment »Anon, ML, Commodities, Fri 09 May 08They are all *****. First time I used them i was impressed, until i discovered all their tricks and lies...
Simon Lightman, Consultancy, Fri 09 May 08I feel that some of the blanket generalisations that various people on this thread have levelled at the recruitment industry are not without some merit. However in my view the feelings of those who have had their fingers burned by unprofesional and sometimes unethical recruitment practices, should be tempered by a realisation that there are some in the industry who try to differentiate themselves from the vast quantitities of 'jack the lad' cowboys. Sucessfull recruiters are those who truely understand the benefit of candidate management. They attempt to offer there candidates (and clients) a bespoke, reflexive service, tailored to their needs that delivers them small amounts of high quality individuals. The bottom line is that recruitment is a relativly simple process that is only complicated and made more difficult for those us who try to conduct ourselves in a professional manner by those firms and individuals who do not do so. Add your comment »anon, HR & Recruitment, Fri 09 May 08The vast majority of people know who the disreputable recruitment companies are and yet they still speak to these people. It is not the fault of good recruiters that people get burned by sharks when they choose to swim in that particular pool. It is pure greed in the same way that everyone complains about Foxtons yet when it comes to the crunch and Foxtons say they can get that little bit extra for your house people only see the £ signs. Hubris. Add your comment »nich, Derivatives, Fri 09 May 08I agree, they are all posting fake offers. This is not difficult to know they are fake but they think candidates are stupid Add your comment »HH boy, Sales & Marketing, Fri 09 May 08Who exactly is forcing you to use HH/recruitres!? You don't like them - go get yourself a new job yourself! If your capable.... Add your comment »Wizard of EC1, Fri 09 May 08A very instructive thread and I'm sure it won't be long before the spotlight of the mainstream media focuses on the practices of the HH industry. Bottom line for me is to avoid the large organisations and find a bespoke selection agent (mandate based) to work with in partnership. There are pros out there as evidenced by some of the contributions to this debate. I have recently had a very poor experience with a big recruiter - I had some former colleagues at a Bank waiting for my CV, to support my application for a role with one of their peers, via a HH who assured me that I had been put forward for the role. My CV had not turned up, so I spoke to the HH and he accused the Bank of dithering, so I then phoned and asked my former colleagues what the hold up was, they were not impressed that they had been accused of indecision or that my CV had excluded - I suspect the HH had probably put me on his "duff" candidates list but he lost a potential hire and lost his rep with the Bank. It's all about relationships and even "duff" candidates have access to a telephone and former colleagues that rate them. Reputations are hard won, but easily lost. As for the role, it was eventually withdrawn Add your comment »HH lover, Private Banking / Wealth Management, Fri 09 May 08here is my two-cent take on headhunters (which really only repeats most of what has been said) in general specialised across different areas of banking which a lot of banking employees share... 19 out 20 are absolutely hopeless
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