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- Human Resources and Payroll in China 2016-2017 (5th Edition)
Involving Recruitment Firms in the Search Process
PROS
CONS
+
Increase speed
Recruiters are more aggressive in the search process than
corporate teams to find the right candidate.
+ Increase candidate reach
Recruiters will be able to find and introduce candidates in a
myriad of channels and networks that might not be accessible
to an organization.
+ Increase confidentiality
Search firms can be hired to operate in secrecy when
companies do not want to disclose their search for strategic or
competitive reasons.
+ Increase assistance in negotiation process
Recruiters are more in-tune with the current market trends, and
can therefore offer advice on compensation and benefits.
+ Replacement guarantees
Recruitment firms often provide candidate replacement
guarantees, meaning that the recruitment firm will replace a
selected candidate who leaves the client within a certain pre-
defined time-frame, without any further service charges.
-
Reduced talent pool for large search firms
Search firms often have agreements not to recruit from
their existing clients and this might be a downside for large
recruitment firms that have a big list of clientele in a particular
industry.
-
Increased cost
The cost of filling a vacancy may often be higher via a
recruitment firm compared to an in-house search.
-
Need for knowledge transfer
Hiring firms will have to invest time in the relationship with
recruitment firms to have the recruitment firms fully understand
the company, its culture, the position and what the company
believes the ideal candidate should look like.