Recruiters have a tough
job, managing them is even tougher! I see it as two
problems: How do
you identify the process to manage? How do you monitor for
the good and the bad in the process?
After 25 years in the business of recruitment and
recruitment software, I have never have seen two
recruiting firms with the same recruitment process. For that matter,
recruiters in the same recruiting firm usually have different
techniques and styles.
Let’s go back to the first problem. How do you identify a
recruiting process?
The first indicator is pretty obvious. Are placements being
made? If
placements are being made are they enough to sustain growth or
stay in business? I think it is a
reasonably safe assumption that these are the bottom line
indicators for a successful recruiting firm. Now all you need to do
is back up from the bottom and look for more
indicators.
What has to happen before a placement? Answer: an offer by an
employer and an acceptance by an applicant. There are a few
milestones here.
We can monitor offers and acceptances. I think a traditional
sales word would be “closes”. If your firm is
getting a ton of offers but very few acceptances, this is
certainly a show stopper. Something in your
management process should show the ideal offer to acceptance
ratio for your firm and your recruiting niche. The ratio will vary
depending on your niche and the recruiting style.
Moving to the other side, how many offers are you
getting? Do you
know about how many you should be getting in any given period,
one month, one quarter, one year? Do you know if a
particular position is getting more action than other
positions? Do you
know why? Do you
know if a particular industry is getting more action, a
particular client?
Do you know which client generates the most
offers? Do you
know which person in a client company generates the most
offers? Do
you know which recruiter is generating the most
offers?
Normally I would say offers translate into
placements. Does
the recruiting firm have a good offer to placement ratio? What is a good
offer to placement ratio? Normally anyone with
half a brain would say 100%. But 100% may not be as
good as you would think. Perhaps the firm
is culling too much.
Culling could be from the clients. If you cull from your
client prospects too much and only take the locked slam dunk
orders could you open the gates a bit and take a few marginal
orders and get a lower offer to placement ration but raise the
number of placements made?
On the applicant side the same thing applies. If every one of your
candidates accepts every offer you get for them perhaps you
should take a look at your fallout ration after the start
dates.
Could I get more placements if I got more offers but
with a lower percentage of acceptances?
Ok lets move on up again. Are we getting enough
offers? How many
offers per month, per quarter or per year do we need to hit
our projected revenue targets? Do we have a projected
revenue target? This question can break
down along the same lines as above, by industry, by position
type, by client and by recruiter.
If we are not getting enough offers, how to get
more? More
interviews, more job orders, more applicants, more phone calls
or more contacts?
Should we be contacting more clients or more
applicants? How much time is being spent finding candidates?
How much time is being spent finding job orders? How much time is being
spent on client prospects? Are we spending any
time on applicant prospects? A candidate prospect
is a candidate who we contact just to establish goodwill and
trust not necessarily for an immediate position. Are we making
enough contacts either via phone, email or conferences or
association functions?
How much is enough?
So now we know what questions to ask to manage the
recruiting process.
How do we get the answers? Now I get to my punch
line and the intent of this article. The answers should be
available in your recruiting software. If these answers are
not available then find recruiting software that will give you
these answers.
Also make sure that the cure is not worse than the
disease. By that
I mean make sure that the effort to get management information
from your recruitment system does not take such an effort that
it actually impedes the recruitment process.
One of the first rules of good recruiting software
is that information to manage the recruiting process must be
available on an Ad Hoc basis. As you can see from
above there are literally hundreds of variables that can be
reviewed to help mange the recruiting process. It would be ridiculous
to have a single report or set of reports that identified all
these indicators.
Therefore, the process of answering these questions
must be as dynamic and creative as the manager asking the
question.
The best way to ensure good management information
from your recruitment system is to make sure the system itself
is easy to use and that any recruitment task to be performed
is made easier by using the recruitment system. I
like to call this concept the “natural
recruiting process
”. If the recruiters use
the recruitment system for finding candidates, marketing to
clients, scheduling their follow ups, sending resumes and
actually communication with other recruiters then you have
software that gathers management information
naturally.
If you have a system that doesn’t quite do all the
steps, i.e. mass emailing or depends on the Outlook calendar
for scheduling interviews or follow ups, then you have an
unnatural process where some of the management information is
missing in the recruitment software. Or, even worse,
the recruitment software is so labor intensive on some tasks
that the recruiters find easier ways to get the job done
without using the recruitment system.
So if you have you have an easy to use, all
encompassing recruitment software system that can answer any
Ad Hoc question easily you are halfway there. Now you need a set of
reports that hit the high points of the key variables that are
important to the success of your recruitment firm. Where do you get these
reports, from the vendor of your software? Perhaps, but most
vendors don’t know your particular brand of recruiting. Reports supplied by
recruitment software vendors are too generic for an industry
that is so specialized to a process and a recruiting
niche. Also the
variable you need to see today may not be the one you need
next month and the report must be able to change
accordingly.
The bottom line is that the recruitment firm needs
a good, easy to use tool to prepare and change their own
reports to suit the needs of the given moment. The reporting tool
must not depend on technical expertise but on recruiting
expertise.