With the UK Recruitment Sector being worth at least £30billion, it's critical to capitalise on great recruitment tech to improve speed and profit.
We see ROI as in the i(nvestment) of the beholder - so what is the average recruitment consultant investing?
What do they see as a practical use for CRM?
The average recruitment consultant is sat with two or three screens (including mobile phones) gathering data from wherever they can, but there’s no practical or enforced policy in your business as to where that data should be going or at what point it should be going onto your recruitment database.
The Fastest Placements in the West
I've come across "30 second recruiters" who enter a candidate in the CRM just to place them and board the invoice. I've also met ‘brilliant jerks’ who bill the most yet administrate the least, meaning there's no useful legacy data on the great candidates they're placing or their potential pipeline.
We don’t see this as a sustainable business model.
As a recruitment leader, you should be able to use your recruitment database to predict the conversion rate for your consultants, helping them actively manage and improve their conversion rate - which ultimately improves the pipeline and sustainability of your business.
It makes them more effective, competitive and successful. It makes you more profitable and sane!
Sustainable is the New Sexy
Most business leaders I work with are not in the market for selling their recruitment firm in the next 12 months – instead a lot of them are looking to the next 3-5 years, trying to pump up the volume on their business with great tech and ultimately process and talent and pipelines of clients.
Doing this will ensure your business becomes a sustainable model and will continue beyond the talent that currently works for you. Market value will increase.
When a business is audited to see how buyable it is, often the KPMGs of this world will look at it and say:
“If the top billers left and the business leaders left… what would be left?” Tweet this
So What's the solution?
Get your recruitment consultants and resourcers engaged with the system and train them on best practice so they understand why great recruitment process is profitable (intuitive recruitment systems that need no training are mythical).
Once they can see and feel the benefits of following the processes (improving performance, profit and ROI for themselves as well as the business) then your CRM can become a business growth tool, rather than an expensive data dump.
4 Steps to Fixing your Bad Data Problem
- Define and document your process and systems
- Agree what great data looks like and communicate your expectations everyday and everywhere!
- Make managers responsible for the hygiene of their segment of the recruitment database
- Reward "personal hygiene". Clean data, sparkling process and effective placements = clean profit
We deliver training and guidance for recruiters and recruitment businesses to help them see ROI from their recruitment technology.