The Reed Job Index, in its latest report has indicated that UK job vacancies increased from 112,104 to 115,217 in June. Employers have stated that the biggest difficulty they are encountering when attempting to fill these positions is the lack of qualified applicants.
The analysts at eBoss
find this situation to be one that greatly favours professional recruiters.
Part of the crisis is due to the length and severity of the recent recession. The truth is that many people have simply given up. They have spent months or years actively seeking employment and the repeated frustration of failing time and again has caused them to discontinue the active search. Their apathy when faced with proactive job searching does not change the fact that many are experienced, qualified professionals. With unemployment numbers still very high, it is clear that there is a workforce out there hoping to find employment.
The second part of the crisis is the employers themselves. For a very long time, companies have only had to actively recruit top executives. The rank-and-file employees came knocking and they sat back and chose the most qualified from a long list. In the event that they faced the need to hire quickly, they might post ads in a paper or online job board and would be inundated with applicants. The malaise caused by the unsuccessful job hunt has changed this process dramatically. The only workers still regularly following the traditional employment seeking paths are those who have not burned out from repeated failure. Employers failing to find experienced workers seems to imply that the majority of these are new graduates.
There are clearly experienced workers who are unemployed. There are just as clearly a growing number of businesses seeking experienced staff. The fact that they are increasingly unable to locate each other is a golden opportunity for recruitment professionals.
A recruiter has several advantages over the average business seeking employees:
Access to a wider employee pool - Professionals applying at a given company will typically apply for a specific position that is available. If they are unaware of an available vacancy, they generally do not apply. With a professional recruiter on the other hand, they will apply in the hopes that the recruiter can find a suitable position for them.
Access to more job vacancies - Instead of the vacancies at a single company, recruiters can seek to fill the positions of virtually any company.
Experience - Recruiters are hunters, professionals who know how to gain the attention of potential employees. Compared with traditional business staffing departments, recruiters are aware of far more options for finding applicants.
A market landscape filled with qualified applicants and desperate employers seeking workers is an absolute playground for a good recruiter.