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Running a recruitment agency is an exciting venture. Your aim is to find the best talent on behalf of your clients through a streamlined hiring process. However, the workforce is a highly dynamic environment, particularly due to technological advancements that have led to a rise in demand for skilled workers along with lucrative job opportunities.
Some of the most common challenges when running a recruiting agency include:
Often, a client will have unrealistic expectations of what they expect of the talent you recommend. While it’s exciting to get a perfect fit for their open positions, this might never happen. It becomes frustrating when an agency finds the ideal candidate only to have the client decline to take them on as they do not tick all the boxes when it comes to their skills and level of experience.
With every day that passes with a position being vacant, the client makes losses. For this reason, clients want their preferred recruiting agencies to fill in skill gaps as quickly as possible. When this happens, the agency is more predisposed to making the wrong judgement about a candidate. In most cases, a wrong hire is worse than leaving the position vacant for a few more days or weeks.
Australia’s gig economy experienced a nine-fold increase between 2015 and 2019. This refers to an environment where independent contractors or individuals (freelancers) can pick up temporary tasks or shifts for one or more organisations. The gig economy is a preference for workers that are on the lookout for flexible work schedules.