There is no question that to save companies money, many have eschewed
their recruiting relationships in favor of electronic recruiting. It is a trend which will last for a while,
but will ultimately decline.
Nothing can replace the personal relationships companies and executives
have with their recruiters. Recruiters who know companies intimately and know the people and issues within the company cannot be replaced by a job board. Personal knowledge makes recruiting faster and far more efficient.
I have yet to see an electronic recruiting board that deals accurately
with real job specs. Many job
specifications actually should not be published publically no matter what level
the job (these kinds of things may include the reason the job is open, the
problems with other employees, clients or suppliers, as well as the business
situation). Nor have I seen a job board
which can deal accurately with candidates’ accomplishments, strengths (and
weaknesses) that are totally relevant to the listed job; these are things which can only be determined through a thorough interview
– whether in person, via phone, Skype or Face Time. The essential elements of personality can
only be determined through interface and observation. Impersonal job boards can
only select applicants based on what the applicants have submitted to them,
which rarely approaches the essence of a job.
Nothing can replace eye contact when it comes to hiring. And while 99% of people hired will eventually
be interviewed in person, those interviews come after candidates have been
identified and preliminary interviews have taken place, mostly on the telephone. The trick is to identify the
right candidates in the first place so that the people being interviewed and
going through the process are all “right” candidates.
A president of a major company recently told me that his turnover,
particularly among juniors, was very high and he couldn’t understand why. I told him it was largely due to the quality
of the candidates his company received through the internet. They are not using recruiters. There is anecdotal evidence, although I have
not seen a study, that people placed by a recruiter have greater retention in
their jobs than those recruited online.
I firmly believe that the best candidates do not use the internet. Every recruiter has a stockpile of successful
executives who will only deal with trusted recruiters; these executives, even
when actively looking for new employment, simply do not use public job boards.
The price that companies are paying for their penny wise strategy is
very high. At some point, the CFO’s who
control acquisition costs by forbidding the use of outside recruiters (except
in extreme cases), will realize that their savings are actually not savings at
all. The cost of excess turnover is
extremely high – lost time, time spent recruiting and screening, client
dissatisfaction, retraining – and cannot be compensated for by continuously
making the same mistake.
Personal relationships count for a lot.
There are many companies that every recruiter works with where those
companies trust and rely on their recruiters to send them only appropriate
candidates. Those recruiters and companies understand each other – the culture,
the work environment, and the kinds of people who succeed. The internet cannot make up for that kind of
personal knowledge relationship.
The efficiency that comes with that knowledge cannot be duplicated by
impersonal web-recruiting.
That is why this trend will not continue. Many “job boards” have already disappeared or
diminished and more will go away soon.