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Candidates abusing recruiters
8 May 2008COMMENTS
It actually saddens me when I see such negativity about the recruitment industry (especially in finance). I would never let anyone who works for my firm do anything listed above and they would certainly be in line for dismissal should they do this and hide it from me. Read all comments »With jobs harder to come by, bankers are behaving badly towards recruiters and headhunters, who are suddenly unable to slot them into comfortable new positions.
“We’re starting to get a lot of angry emails,” says one structured credit headhunter. “Bankers are approaching us and questioning why we can’t place them in hedge funds or commodities businesses. They’re venting their spleens, but there just aren’t the jobs.”
“Candidates are more rude and obnoxious,” confirms the head of a derivatives recruitment firm. “We get a lot of emails saying ‘You guys are no good at what you do’.”
“Candidates have become used to getting what they wanted over the past few years,” agrees Adam Buck at recruiters Selby Jennings. “They were able to say, ‘I want to work in a macro hedge fund with £x million under management,’ and we were able to deliver for them. That’s no longer always possible and people need to understand that the market has changed.”
Frustration might also have something to do with the fact that recruiters are no longer doing their best to accommodate everyone.
Zaheer Ibrahim at search firm Kennedy Associates says it just isn’t viable to spend time on borderline candidates any more: “The CVs we see are walking money. We’ll go for the triple and double As, but we can’t waste our time with people who won’t generate money for us in this kind of market.”
COMMENTS
Amused, Fri 09 May 08
Pick the right one then...useless seems a bit harsh considering the money lost over the past year by your institutions...
Add your comment »Anonymous, Fri 09 May 08
Would anybody like to share a 'I wouldn't be where I am today if it wasn't for a headhunter...' story? And by that I don't mean unemployed.
Add your comment »anon, Derivatives, Fri 09 May 08
Amused:
You are probably an HH and have no understanding why. comparing apples and pears. Don't compare what we do and what you do.
My advice - use only small boutique firms else, if senior enough, you'd know enough people in the market not to have to use these guys anyway
anon, HR & Recruitment, Fri 09 May 08
Headhunters / recruitment people have not just "lost" billions of pounds for their respective firms fanning the flames of a global recession. And bankers have the cheek to say we are not good at our jobs. Although I am sure most of the "professional" bankers on here will claim it was someone elses fault.
Add your comment »Banker turned Headhunter and no pointy shoes, HR & Recruitment, Fri 09 May 08
Lots of mud slinging going on here but it's not rocket science to recognise that there are (some) exceptionally good, talented professionals working in both recruitment and in banking and finance. (A few have even worked on both sides of the fence).
Conversely, it is for all to see (but hopefully not experience)that there is also a number of shockingly awful people operating in each industry.
Ditch the bad, identify the good, get to know and trust each other and who knows, it might even be to mutual benefit.
Anon and Irate, HR & Recruitment, Fri 09 May 08
In front of me is Service Level Agreement recruitment documentation from three HR departments of 'top tier' City-based financial institutions.
Judging by engagement terms being imposed on recruitment suppliers (opportunistic in current market conditions?), a reference to peanuts and monkeys springs to mind.
Maybe some of the responsibility for poor recruitment standards lies at the door of such venerable instiutions?
Anon, Trading, Fri 09 May 08
Headhunters should be honest. Fair enough if there are no jobs around it is hard to place people. But from my experience, they frequently and intentionally mislead candidates into believing that they can help them .. However, their real interest in speaking to most candidates is to source information about who is in the market, and information about who you were working with.. etc etc , they are using this quiet period to their advantage by trying to improve their database of people in the market and information about the firm which you are working for. Its wrong and deceptive
Add your comment »Anon, Trading, Fri 09 May 08
I totally agree with Seb. They are posting jobs which they are not recruiting for, simply to draw people into applying in order to look at CV's. Its a joke. I had the same issue, where I had to explain the job profile to the recruiter. Is that normal?! He told me the role had been filled, and a week later when I asked why he was still advertising it he told me that he had sent my CV forward but was waiting to here back still. This is a clear deception and I think there should be tight regulations in the recruiting field to control this issue. Its misleading , and candidates are left with no other choice than to trust them with their personal information.
Add your comment »Anon, Trading, Investment Banking / M & A, Fri 09 May 08
All people ever do is whine about recruitment/HH firms. guys you are all grown up and really is it that hard to control a process of meeting with a HH/ recruitment company and working out if they are any good, or have any good jobs - you don't buy your double glazing from the first person that calls u up and says he is the best. In every walk of life u have to deal with fakes/bogus people, people/firms that are no good, but guess what - THAT IS LIFE. Having worked for a number of HF's it is fair to say i would n't invest my money with them given what i know... the perpetual critism of the recruitment industry is so boring - yes there are alot of cr*p companies/ people out there. So it is simple - deal with people with a good company name behind them and then u can't far go wrong
Add your comment »too right, Commodities, Fri 09 May 08
most HH firms are scum, and treat candidates like rubbish. Sadly, they forget that we DON'T forget, and are often on the buy side as well. Hmmm, who am I going to give a mandate to? The guy who mucked me around, or the guy that took my call...? Most of them can die slowly as far as I'm concerned.
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