Look at the left circle in the figure above. It represents all the candidates available for recruiters to place in jobs. Look at the little segment on the right of that circle. That shows the tiny proportion of suitable candidates that recruiters actually access.
To this day, most recruiters focus on so called ‘active’ candidates, those that come from job boards, or who are already on the database.
There is nothing wrong with these candidates per se, except that they represent only a tiny percentage of the available people and the best candidates capture rate. What is more, because they are actively job-searching, they will in all likelihood be working with other recruiters already or possibly well down another recruitment process.
Which means that you are not likely to place them. You understand what this means for you company? It’s not only jobs that are ‘in competition’. It’s candidates too. And in a candidate tight market, a good talent that you have exclusively is a walk-in placement.
Most recruiting companies don’t cover the entire pool of candidates.
We use our data bases and technology. You know that data shows some 85% of staff would entertain an offer from another company with a high amount wanting to remain in the same sector they currently perform their craft in.
There is your opportunity!
These are the data bases that exist at the Food and Beverage Institute.
Looking at the right circle this represents the majority of clients’ commitment to actually filling the job.
We all know that most clients do not give their agency recruiter full commitment. That is what the shaded segment represents. Tiny commitment. In fact, many use third-party recruiters as an afterthought, or in competition.
The vast majority of the commitment clients give to filling roles, goes somewhere else, such as the internal recruitment team, or using LinkedIn, or their own recruitment strategies. An incredibly dysfunctional situation.