3 ms·
The most elegant way to "fix" a market is to change the incentives. There is a contract between employer and recruiter. The employer does not want to be pestere
by qznc 14y ago
The most elegant way to "fix" a market is to change the incentives. There is a contract between employer and recruiter. The employer does not want to be pestered all day about useless candidates. Just subtract some percentage from the recruiters fee for each wasted call.
Let's say the employer gets on average 20 calls until a candidate qualifies and the third of those gets the job. This means 60 wasted calls for 3 candidates. If you subtract 1% per wasted call from the recruiters fee, he should make sure to reduce the number of wasted calls. Of course, the original fee must be a little bit larger than the mentioned £5k-£15k, since some waste is expected. Start with £18k, reduce wasted calls to 20, which results in a £14k fee and more time for the employer.
- Peroni 14y agoInteresting concept however it won't work. The pestering calls are random agencies trying to get your permission to recruit for their roles. Give them permission and they won't pester you unless they legitimately have a good candidate. Usually a recruiter will send a maximum of 5 candidates per vacancy.
- aidos 14y agoYou say that, but we've sent back plenty of candidate cvs with a firm "no" the moment they arrive from a recruiter. Would be interesting to have financial repercussions for low quality cvs coming through.
- Tyrant505 14y agoIsn't the financial repercussion not hiring their candidate and credibility for the future?
- michaelcampbell 14y agoDo you still use the recruiters? Why give them financial INCENTIVES for mixing good with bad CV's?