2022 - Fresh From College, Wants To Pursue Career In Recruitment?

People often say Recruitment is not Rocket Science, I would say yes they are right it's not rocket science but also it's not a piece of cake those who are in the system know it very well. The truth is actually very few recruiters plans to get into the recruitment. Most of the time it's just happened to be the recruiter and if you ask most recruiters their story, it will include starting out in another career altogether and transitioning into becoming a recruiter. 

You will come across Engineers, Commerce, Software Developer, Sales to name a few who have made their way into the world of recruitment. There is no specific degree as such to start your career in recruitment, According to a LinkedIn survey in which almost 100,000 people participated and found that the top degree that most recruiters have is Psychology, Business Marketing, Human Resources and Sociology. 

I would say recruitment is the perfect combination of STEM "Science, Technology, Engineering & Mathematics", Working within the recruitment industry provides the perfect opportunities to learn and develop these skills. The Will to Win, The desire to succeed, The urge to reach your full potential and a resilient nature are all key qualities to succeed in recruitment. 

But, What is recruitment? Where do we start from? How do we choose the right recruitment path? Which one would be the better one for the future? will try to answer all of these questions in this. Recruitment is the overall process of identifying, selecting, interviewing and hiring candidates for an open position. A career in recruitment can be an in-house position but most of the time people start with the recruitment agency to fulfil the clients' needs and to have a diverse portfolio. A recruitment agency can further be categorised into 5 types. 

1-Blended Firms:- A blended workforce is a staffing strategy that combines the planned use of direct hire personnel,  Temporary and Contracts Jobs to meet the strategic and tactical workforce needs of the organization. 

When it comes to hiring talent in a blended workforce, a large organization can save millions in expenditure. In addition to saving money, this can help firms to maintain competitive advantages by having access to skilled talent on demand. Also, firms can manage to have a mix of full-timers, freelancers, contractors, and consultants without any long term commitment. with this approach, everyone has a reason to work hard and provide a high quality of work as this could results in them increasing the contract or grabbing the full-time offer. 

2-Contingency Firms:- In the context of recruitment contingent means the recruitment agency pay is dependent on successfully filling up the company position. Contingency recruiting is when an organization hires a recruiting agency to fill an open position. The agency gets paid only if the candidates get hired by the organization and he joins them. 

It's also defined as No Win, No fee, which means a service performed by the recruitment agency is for free until a candidate represented by them takes its position with the client. Most of the time the recruiter has to compete with the Hr, Company Recruitment Branding, Direct Applicants, Advertising and at the same time competing with one or more agencies for the same position. The only way to crack the deal here is to represent quality candidates faster than others. 

3-Retained Search Firms:- A staffing agency that handles recruiting for C level executives and high compensation positions. As the name suggests executives search firms get an upfront fee in order to carry out the personalized search for senior-level of executives positions such as CEO, CTO, DOE, VP of Engineering, Head of Engineering, or any corporate officers. 

They also operate on an exclusive basis meaning the job will only be filled by the particular recruiting agency. the recruiter works very closely with the client to come up with the combined methodologies to find the best man for the job. the process is very personalized with the shortlist of anything between 5 to 10 names being presented to the client before the interview along with their persona and the client has to pick the right one. 

4-Employee Leasing:- A firm that handles the administrative functions of the employment. The history of staff leasing has its root in the 80s and since then it has expanded till the current time. Employee leasing is known to offer huge tax benefits to organizations. In addition, the leasing company will be responsible for managing taxes, payroll, administrative charges, benefits etc. of the workforce. 

Employee leasing let you add workers without adding administrative complexity. It deals with the concept of having an efficient authority that cannot only hire a workforce but also manage the HR functionalities. there are times when the leased employee may handle the responsibilities of the permanent staff of the organization but without making any changes in the organization structure. 

5-Managed Service Providers:- As the name suggest the firm that manages the system and network (and staffing) for the company. MSP often handle management services on a daily basis so the customer organization can focus on their services without worrying about extended system downtimes or service interruptions. 

Some of the MSPs are specialized in a specific segment of  IT, such as data storage while others focus on the specific verticals market, such as legal, financial services, healthcare or manufacturing. The managed security service provider offers specialized types of service such as firewall administration and other security as a service. 

In today's market finding the right talent is remain a challenging task for an organization that's why companies choose to partner with the agencies for the different services. Before taking up a decision to join any of these, one should try to find the answer to these questions. "What are the clients that they work with? What type of people that they hire? What is the hiring process look like? How much time does it take to close a particular position? What would be your future 1 or 2 years down the line?" Knowing the answer to these questions would help you position yourself in a better way.