External Source Of Hires Survey
What The Agencies Cannot / Will Not Tell You
Let's be honest, a majority of us have ongoing or on-demand relationships with staffing agencies and recruitment firms. There is little argument that they play a role in meeting various staffing needs. But, do they or should they play a key role in your long-term talent recruitment needs?
Results from CareerXroads' 2009 Source of External Hires Survey, which covers employers with 5000 or more employees, might surprise you:
2009 Source of Full-Time Hire:
Temp-to-Hire (1.6% of Hires)
Third-Party Recruiters/Agency (2.3% of Hires)
TPR/Agency and Temp-to-Hire models have been in steady decline as a source of hire with large employers from 8.4% in 2005 to 3.9% in 2009. This is a 53.6% decline over the last five years! Over the last five years, there has been a shift with large employers to RPO models or niche consultative models that offer extensive candidate care services as added value.
With hiring in such steep decline with large employers; the agencies are focusing more and more of their efforts on companies with 50-500 employees. How many calls do you receive each week from the agencies?
Small and mid-sized firms will continue to be the new sweet-spot for agencies unless they also shift to new recruitment models. You still have to find top talent; but you also must find new recruitment approaches that deliver higher ROI. Welcome to the "new normal" in talent recruitment.
What The Agencies Cannot / Will Not Tell You
Let's be honest, a majority of us have ongoing or on-demand relationships with staffing agencies and recruitment firms. There is little argument that they play a role in meeting various staffing needs. But, do they or should they play a key role in your long-term talent recruitment needs?
Results from CareerXroads' 2009 Source of External Hires Survey, which covers employers with 5000 or more employees, might surprise you:
2009 Source of Full-Time Hire:
Temp-to-Hire (1.6% of Hires)
Third-Party Recruiters/Agency (2.3% of Hires)
TPR/Agency and Temp-to-Hire models have been in steady decline as a source of hire with large employers from 8.4% in 2005 to 3.9% in 2009. This is a 53.6% decline over the last five years! Over the last five years, there has been a shift with large employers to RPO models or niche consultative models that offer extensive candidate care services as added value.
With hiring in such steep decline with large employers; the agencies are focusing more and more of their efforts on companies with 50-500 employees. How many calls do you receive each week from the agencies?
Small and mid-sized firms will continue to be the new sweet-spot for agencies unless they also shift to new recruitment models. You still have to find top talent; but you also must find new recruitment approaches that deliver higher ROI. Welcome to the "new normal" in talent recruitment.
posted by SJM at
1:48 PM
