Tuesday 27 September 2011

My learnings from consultancies involved in recruitment business

Consultants and consulting firms in the recruitment field which i came across gave me a ample learning of how to handle recruitment events for a hiring company. The software product what we have, can be used to schedule the exam and score them instantly got matured with them. We promoted as trial events and sold them at a very nominal rate and enough enhancements made the product more versatile. Not only the product got matured but also our business plans relating to the software product were scaled. My experience with variety of consulting firms is said below.

Initially our business targets are engineering college students and the hiring process around them. But we got an offer from a consulting enterprise to use our product for non-IT graduates. To scale the scoring software i handled the recruitment events which took place in north India. The journey was too far as more than working time the travel time was hectic. I went to some remote colleges and handled the operations. The valuable tips given by the consultants helped my company a lot. The hiring company was genuine in this case.

But the connection with this consulting firm gave our company a great learning. The case is that we are asked to score for a job fair were more 100 IT companies would hire candidates. The job fair was packed with a crowd of aspiring fresh engineering graduates. The listed companies are not great MNC's but in the level of small to mid size companies. Really their idea was good but the problem is that the hiring companies didn't turn up on the day of interview. However the hiring company get awesome publicity hunt but the consultancies are pathetic. The consultancies are aware that these companies won't participate and out of greediness they collected some amount from the candidates. So in this case they are answerable to the candidates and the whole process ended in a mess. Actually my company had an idea to do job fair genuinely but this lesson made us cautious.

Recruitment consultancies were not doing a great job but still my company want to have a detailed study on them. So we continued with an event for one of the consultants. The name of the consultancy really attracted us and i personally liked their business thinking in choosing the name. Getting commercials is really a tough task from these consultancies and the event went in a smooth manner. They didn't get great companies but managed to handle the hiring event.

My company also had contacts with some leading consulting firms which were established before 10 years. They are more popularized with forums and they do some pre screening with some brand name. But this also was not a great success instead many candidates easily criticize about the pathetic service. This criticism spread more viral. The charge for the pre screening is also not reasonable and if some comes with a better solution for this problem will have a great market.

The details above are about consulting firms and our contact regarding business. But we came across one consultant who gave a one man show. He has many contacts with colleges and companies. He just pictures logos of many companies in a banner and conducts recruitment event in a college with great crowd. It was a fun on that day but came to a conclusion that these consultants were not doing a great business as we thought in early stages. Every one are struggling  in the fresher recruitment and no one is successful as we imagined.


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