How To Avoid The Curse Of High Staff Turnover
James Caan CBE
Recruitment Entrepreneur Chairman | Serial Entrepreneur | Investor on BBC's Dragons’ Den (2007-2010)
After 30 years in recruitment, a lot of recruiters I meet often ask for my opinion on some of the big issues across the sector. The most reoccurring one over the years which cannot be ignored is staff retention.
Staff turnover in the recruitment industry is really high, every year the sector loses around 25% of the workforce. These figures of around 25-30% is a little embarrassing for an industry that prides itself on putting people into jobs, especially when the recruitment market is vital to most economies around the world. In the UK in particular it’s one of the fastest growing sectors, with around 100,000 employees.
Obviously, turnover rates deal with emotional and human issues and you can never be entirely scientific about the exact reasons people leave a role or a sector altogether. Each business and sector will need to decide for itself what turnover targets are acceptable to them, and then take the necessary actions to address the situation, but why are so many recruiters leaving the industry every year….?
Today, through job boards and social media, we all have access to and share the same pool of candidates with our clients. Therefore average recruiters will not make it in this competitive market. In my view, consultants that leave the industry every year do so because they may only be able to perform around 50% of the job well, because of inadequate training. I’m certain that this churn is simply because they haven’t been given the tools to do the job effectively and have not been taught the skills required to thrive in the industry.
There isn’t a set standard in training for recruitment and this is, in my view because of the advent of social media. Recruitment agencies have moved away from robust training and instead have depended on the use of tech. Why teach people the art of recruitment and how to source effectively etc when they can save costs and just use LinkedIn and job boards instead? In my view, the sector has been cutting corners with social media and the industry has suffered through high turnover rates because of this. I want to address this issue head on and my aim is to create a clear differential for all recruiters, to add value to their role and help them professionalise their careers.
That’s why I’ve pulled together a step by step guide which outlines my methodology of the placement process. Recruitment Guide, the world’s first recruitment training application encapsulates my 30 years of recruitment experience, taking consultants through each stage in my approach and the recruitment process. I genuinely believe this new training tool can help tackle the sectors problem with rising turnover rates and help consultants feel valued in their role. For me it’s about more than sharing my own expertise, it’s about giving back to the industry that I love.
Being a recruitment consultant isn’t easy and I can understand that it’s not for everyone, but if we have a higher standard of training and business owners put learning and development at the top of their employee engagement strategies, I’m hopeful we can keep a few more talented consultants with huge potential a little longer so that they reap the rewards that can come from a successful career in recruitment.
It’s time to invest in your training, maximise your billings potential and perfect the ‘art of recruitment.’ Register your interest in the Recruitment Guide now! www.recruitmentguide.com.
MANAGING CONSULTANT AT ARCTEK FIN. & MANAGEMENT SERVICES LTD
8 年Great
Published Author and Lecturer. Also CEO Celt Guitars at Celt Guitars
8 年I agree with Peter Walsh. There's no great secret here. Respect, appreciation, purpose and balance. Too much self interest at top layers of management undermines confidence and leads to a bullying culture. Most retention issues are caused by poor, ignorant managers.
ankita sharma
8 年this is nice thought
Self Employed at Homebase
8 年Well , I'm not just looking for Handouts, im looking, to give back, life have undercut, but a log way from being Over for Me, still things to Accomplish & Help Others do the Same. I'm seeking info, on a Program, to Summit paperwork , the Road to My Success , will not be lengthy, but one of Greatness Achieved , but not Overnight. Home Work, finding Literature , and getting Doctors reports to submit to insurance Companies to, for Coverage or Denials. With Explanations of reasons, to receive Funding. For a Deaf Hearing implant. But need to find out just what type of hearing implant, many types are made. In this I can Help Others.. :D dooo!!!????????????
Immigration, Citizenship, Residency and UAE Government Approvals
8 年Decent $$ would do it.