B – Business Models – Neil Carberry
In this video Neil Carberry, the Chief Executive of the REC spoke about Business Models and why Recruitment Agencies need to adapt theirs to better support their client’s needs.
He said, “You know technology is moving fast. In many ways it is bigger than Brexit, so clients are going to be changing their business models. Year-on-year, clients are changing their skills needs – changing their workforce planning – they need to step up on workforce planning. And who can help them do that? Recruiters can.
“It is much better to have a recruiter whom you know well to help you with your workforce planning; and what you need to do as a business rather than pay thousands and thousands and thousands of pounds to some consultancy.
So the recruiters who change their business models – to focus on those long-term relationships, to focus on helping clients think about the different ways that they can resource – those are the ones who are going to be really successful and those are the ones who are going build us the future of the industry. Which is being all about brilliant recruitment and delivering a really high-value professional service to our clients?
Our data already shows that business is getting more and more enamoured of what the recruiters are giving them. This change is going to embed through the next few years so you should be thinking about your business models. “
So how can you use Neil’s video to help you develop the thinking of your leadership team and consultants?
Use the I.C.E learning workout below to help you leverage this video with your team.
Ideas to Consider
- Companies are changing their business models, which means they are changing the range of skills required to keep pace with changing business needs
- A change in the business model is a strategic change which means companies are starting to think more strategically about what talent they need and when
- Recruiters need to engage with companies about their strategic staffing plans and move beyond focusing on open jobs today
- Recruiters need to adapt their business models to be able to engage and support companies to become more strategic in how they hire and retain their staff
- What can we do to support a client company with their long-term talent acquisition strategy? (i.e talent mapping, salary benchmarking, retained solutions, recruitment campaigns, mini RPOs…what else?)
- Which one of these ideas are things we could do today?
- What would we need to change to help us become better in this area?
- Who do we know currently going through a change that we could support with this one thing?
- Call companies who you know are going through change and ask:
- “How is this change <insert change> affecting the range of skills you will need in your business?”
- “How is this change impacting how your plan your recruitment strategy in the next 12 months?”
- “What insights could we provide you to help you with this planning process?”
There are loads of questions you could ask clients to engage them in a discussion about changes to business strategy and how they will impact their recruitment strategy. The key is to start focusing your client conversations on challenges and issues that clients are not only experiencing today, but that will be affecting them over the long term. Then you’ll be able to establish a reputation and relationship as a trusted partner.
Want to further engage in conversations about client engagement and recruitment strategy? Join us in the Recruiting Gym and start working out today.
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Very nice post, you have a point! Anyways, even if you feel like the relationship is going sour, it is still in your best interest to understand where the flaws in their performance lie so that you can make a clean break and learn from the experience so you can make better partnership decisions in the future.