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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.”
COMMENTSanon, Capital Markets, Sat 10 May 08i think i can be the best recruiter ever..its not hard cos i'll be competeing against some real clowns! maybe its time for a career switch! Add your comment »HEAD HUNTER, Sat 10 May 08We provide a valuable service to those worthy of it. If you are unwise enough to abuse a Head Hunter who over the years has successfully networked around all the financial institutions in the Uk, is on top of all movements in your market, and is always made aware by managers in your field when they are looking, you may be missing a valuable opportunity to benefit from their connections. Add your comment »Tilly, Derivatives, Sat 10 May 08People believe in their own apparent greatness and live their lives accordingly. When they're laid off they panic and want the same/more money based on the above. Even the mediocre make money in a boom. It's not really the fault of the recruiters if there's no market for your 'talents'. If you networked in bars/social events instead of trying to come across as the new Warren Buffet maybe you could do your own headhunting. That's how it used to be before we got lazy and thought we could just drop a few names of companies instead of admitting that most of us just turn up at office jobs and do clerical stuff. Add your comment »Charles, Accounting, Sat 10 May 08There is a terrible wastage of talent in the U.K. recruitment is now very much in the hands of marketing types working to short term sales targets. Why not give up in the City? Take the train to Mongolia and start there afresh in derivatives. Don´t speak mongolian? Well learn it and better the guys on the 7.15 into Charing Cross. Add your comment »Brian, Capital Markets, Sat 10 May 08The different comments of HH make you feel sad for them. Once different companies will create their expertise and/or begin to recruit directly without any intermediate, the work place will be completely different. Just few years for your aggressive arrogance and high knowledge of each job profile details and specialities. HHMS: HH Market Squeeze! Patience after, Q: try to find a job in a company where the interviewer recognises you? A: Who spits at the sky it falls again on the face! Add your comment »Jay, Derivatives, Mon 12 May 08Charles, Accounting: How true. I went to Japan to travel and found myself moving from IT to futures trading. Back in the UK no one wanted to know. Agencies and so-called headhunters, bragging about their contacts etc, were less than worthless. Now I'm trading from hotels in warmer climes. Not been to Mongolia, though!
ex banker turned HH, Investment Banking / M & A, Mon 12 May 08how naive to suggest that HH/recruitment companies will in effect become obselete - that will happen when we all start buying our products directly from third world country and by doing so by pass every supermarket/ shop, start ordering our electrical equipment direct from a chinese warehouse and buy our houses directly from owners. With this attitude we would put 100,000's of people out of work... Well done Add your comment »Veronica, HR & Recruitment, Mon 12 May 08This is all ridiculous - when have any of you actually worked at a Recruitment Company/Headhunter to be able to understand fully what we do???? These kind of comments do not help anyone. Add your comment »Anonymous, HR & Recruitment, Mon 12 May 08toddie's right - i can tell exactly who you're talking about. i used to work there and 'leads' are part of the training. they have special note pads for it with all the details you are supposed to get. and all those calls from them 'touching base' with you...? just looking for more leads. NEVER keep your nice friendly agent who called to wish you happy birthday up to date out of the goodness of your heart! tell your agency nothing about where you're interviewing - they'll just find comparable or better candidates and send them over. all jobs that lie with agencies are open until filled so unless you've got a signed contract in your hand don't even tell your agent when you actually get a job by other means! Add your comment »Anonymous, Equities, Mon 12 May 08There is truely only...the following that describes the 'headhunters' agencies...
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