How
long will LinkedIn last? Who knows? I imagine something else will come
along sooner or later that does the same thing bigger and better.
LinkedIn restricts certain access (eg contacting other people requires
using up a limited number of contact credits) and I suspect another
network will come along and do the same thing with free access and
consign LinkedIn to the dustbin.
You
would probably expect me to write something similar to the information
below as it is in my company’s interest for you not to go directly to
candidates and instead ask us to help you recruit and get paid a wodge
of cash. However LinkedIn has been promoted as the next best thing in so
many articles and advice documents recently (including whole courses on
how to use it to recruit) that I thought an article injected with a bit
of reality and anecdotal evidence may be of interest.
Here is a conversation I have on the phone from time to time.
Caller: “Hello can I speak to Jonathan Fagan please?”
Me: “Speaking – how can I help?”
Caller: “My name is Joshua and I’m calling you from Ant & Dec Rec to Rec Agency. Have you a got a few minutes for me to tell you about a fantastic opportunity you have been recommended for as a perfect fit?”
(For the uninitiated “Rec to Rec” stands for Recruitment to Recruitment – ie a recruitment agency specialising in recruitment of recruitment consultants. Its big business…).
Me: “Yes sure. Tell me about it.”
Caller: “My client has a strong and consistent stream of returning clients and seeks a well established and experienced recruitment consultant to handle it. Your name has been put forward by one of your peers in the industry as someone who really knows their stuff. Would this be of interest?”
Me: “You do know I am Managing Director and part owner of a legal recruitment consultancy located in North Wales?”
Caller: “Erm no. Err – do you know anyone else who is looking at the moment for a job?”
Me: “You don’t actually know who I am do you?”
Caller: (ends call).
Me: “Speaking – how can I help?”
Caller: “My name is Joshua and I’m calling you from Ant & Dec Rec to Rec Agency. Have you a got a few minutes for me to tell you about a fantastic opportunity you have been recommended for as a perfect fit?”
(For the uninitiated “Rec to Rec” stands for Recruitment to Recruitment – ie a recruitment agency specialising in recruitment of recruitment consultants. Its big business…).
Me: “Yes sure. Tell me about it.”
Caller: “My client has a strong and consistent stream of returning clients and seeks a well established and experienced recruitment consultant to handle it. Your name has been put forward by one of your peers in the industry as someone who really knows their stuff. Would this be of interest?”
Me: “You do know I am Managing Director and part owner of a legal recruitment consultancy located in North Wales?”
Caller: “Erm no. Err – do you know anyone else who is looking at the moment for a job?”
Me: “You don’t actually know who I am do you?”
Caller: (ends call).
This
is the reality of headhunting - companies surfing LinkedIn pretending
to know who you are. I know of a few people who have been approached and
so flattered by the fact that someone has expressed an interest in them
they have joined a firm they would not otherwise have touched with a
barge pole. Usually this is something they regret within a few months!
We
sent a recruitment consultant on a headhunting course a few years ago
and it was fascinating. You spend about half the day learning how to get
past the “gatekeepers” (these are receptionists, secretaries and anyone
who answers the phone) and the other half of the time learning how to
pitch a vacancy to the “target”. It is cold calling and sales at the
best of times, and a thankless task.
Most
of the people you will speak to will definitely dislike you intensely
and your chances of success are very slim. However if you are successful
the rewards are good for recruiters – the usual fee for a headhunting
placement is a payment up front of about £5,000 and then a percentage
success fee on top. This can be up to 50%. After all the recruitment
consultant (or salesman) is going to have to be very good to ensnare
someone you may be interested in.
It works if the following happens:
1. You have a good vacancy.
2. It is one that has a very limited pool of eligible candidates.
3. You are paying at or above market rates for the vacancy.
4. Your business has a good reputation and is one that people would want to work for and not run away screaming from.
1. You have a good vacancy.
2. It is one that has a very limited pool of eligible candidates.
3. You are paying at or above market rates for the vacancy.
4. Your business has a good reputation and is one that people would want to work for and not run away screaming from.
In
these fairly limited scenarios it is possible to use headhunters
effectively. I am sure that sometimes they are totally unnecessary; one
of our local independent schools recently used one to recruit a new
headmistress which to me seemed a complete waste of cash – surely a
prestigious role like that advertised in the right places would attract a
good range of candidates without needing to spend £000s of cash on a
consultant?
I
started this article talking about LinkedIn and this is the link – if
you use LinkedIn to approach potential candidates you are doing exactly
the same thing as the headhunters do – approaching candidates as a cold
lead after searching for them on LinkedIn and then contacting them to
try and sell a job to them.
Companies
have started getting their HR departments to do this and I doubt very
much if it has had much effect other than use up precious time that
could have been spent more productively. After all most people who go
into HR are not sales people. Most headhunters are sales people and
spend years perfecting their skills.
We
recently had a law firm based in South London get in touch to ask for a
locum conveyancing solicitor to cover maternity leave for 12 months. We
sent a mix of CVs across and they requested interviews with a couple of
property solicitors. However the introduction went quiet. Later we
discovered that the firm had gone on a tour of LinkedIn, using up a
considerable number of 'InMails' to contact locums advertising on the
site and checking availability. I know this because a number of our
locums checked back with me to see if it was the same company. None were
available in any event to assist.
I
would imagine that you would need to be making about 30-40 similar
connections before you found anyone who was vaguely interested and
suitable in your role, whether locum or permanent. On LinkedIn this is
an expensive exercise.
Recruitment
consultants are slightly different. On the permanent side we maintain a
database of candidates who have been registered with us for some time,
some of them up to 17 years. This is because we run a database of active
and passive candidates. Passive candidates are the type that we
generate most success from. These are candidates who may not have
realised they are actually looking for work until you dangle a
particularly interesting vacancy in front of them.
Whenever
law firms send us vacancies we mail them out to any suitable candidates
from our database and post the jobs onto a range of job boards and
across our network. We get the vast majority of our placements from
passive candidates getting in touch to say that they are interested in a
specific role in a particular location. We spend considerable time and
money advertising vacancies, but these lead more to new candidates than
to placements the majority of the time. This is important because it is
our stream of candidates onto our database that generates future
business. As an individual employer you do not really want to be making
the same investment of time and effort as unless you are recruiting 100s
of staff this will be a pretty pointless exercise!
LinkedIn
is but one cog in our very large machine. You cannot use LinkedIn to
get the same effect as we do. If you make contact with a candidate via
LinkedIn then we think that they are often worried that their employer
will find out you have been in touch and this will affect their career
prospects. Chances are they will ignore your message. Advertising for
jobs is very often only effective at introducing your brand to
candidates rather than getting a vacancy filled. This means that they
come to you when they are ready to make a move, particularly so for
recruitment agencies.
So
yes you can use LinkedIn to try and source candidates, and we wish you
the best of luck, but make sure it is just one small part of your
overall strategy. Whilst you may get some results, you will probably
stand more chance of success advertising in the Law Society Gazette and
also on your own website (something a lot of law firms seem to forget to
do or fail to keep up to date).
Jonathan Fagan is Managing Director of Ten-Percent Legal Recruitment and a non-practising Solicitor. Ten-Percent Legal Recruitment provides online Legal Recruitment for Solicitors, Legal Executives, Fee Earners, Support Staff, Managers and Paralegals. Visit our Website to search our Vacancy Database.
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