Unit 3-5: Understanding the Recruitment Market Flashcards
(37 cards)
What is Uberisation?
3-5-1: Understanding the recruitment market
Describes the ‘sharing’ or ‘gig’ economy.
What is ‘Human Cloud’?
3-5-1: Understanding the recruitment market
Working entirely through digital platforms from anywhere in the world.
What are the adv and disadv of working on a sole or preffered supplier basis:
3-5-1: Understanding the recruitment market
Adv: volume and guarantee of business;
Disadv: Low margin with high costs.
What is meant by fragmented market?
And what are the opportunities of a fragmented market?
3-5-1: Understanding the recruitment market
- A broad range of recruitment agencies with no one having more than 5%;
- Increases oppotunities for new entrants.
What is are specialist sector groups?
3-5-1: Understanding the recruitment market
REC specialist sector groups
What are the benefits of being part opf a specialist sector group?
3-5-1: Understanding the recruitment market
- Champion best practice;
- Network and share knowledge;
- Lobby
What is the permanent model of recruitment?
3-5-1: Understanding the recruitment market
A placement that involves candidate becomes a permanent employee of the client.
What is the flexible model of recruitment?
3-5-1: Understanding the recruitment market
The supply of a candidate to a business for a short period of time. The worker is usually paid by the employment business who then charges the client.
What is the difference between the permanent and flexible models?
3-5-1: Understanding the recruitment market
The relationship between the recruiter, client and worker.
What are the differences between how the models charge clients:
3-5-1: Understanding the recruitment market
- Perm charges a perm fee of a % candidate of salary.
- Temp charges by the hour and then a ‘transfer fee’ if the candidate transfers to a perm position.
What are the differences between how the models charge clients:
3-5-1: Understanding the recruitment market
- Perm charges a perm fee of a % candidate of salary.
- Temp charges by the hour and then a ‘transfer fee’ if the candidate transfers to a perm position.
How can a recruiter manage criticisms from both candidates and clients:
3-5-1: Understanding the recruitment market
- Clearly communicate the scale and scope of the work they are undertaking as part of the recruitment process.
- Verifying skills and qualifications;
- References checks.
Name some influences on the recruitment market highlighted in the ‘Recruitment 2025’ white paper:
3-5-1: Understanding the recruitment market
- Job market changes;
- New tech;
- Flexible staffing models;
- Inclusive recruitment;
- Customer service excellence.
Name some macro-level influences on the recruitment market:
3-5-2: Understanding the recruitment market
- Economic;
- Labour market fluctuations;
- Political changes;
- Social changes.
Name some economic changes that affect candidates:
3-5-2: Understanding the recruitment market
- Positive: Positive economy provides more job opportunities;
- Negative: Negative economy results in less job opportunities.
Name some economic changes that affect clients:
3-5-2: Understanding the recruitment market
- Positive: Positive economy results in higher profits;
- Negative: Negative economy results in lower profits.
Name some labour market changes that affect candidates:
3-5-2: Understanding the recruitment market
- Decreased availability: Drives up salaries;
- Increased availability: Increases competition for jobs.
Name some labour market changes that affect clients:
3-5-2: Understanding the recruitment market
- Decreased availability: Drives up salaries;
- Increased availability: Increases candidates in the market.
Name some political changes that affect candidates:
3-5-2: Understanding the recruitment market
- Positive: Legislation to promote diversity;
- Negative: Less job opportunities.
Name some political changes that affect clients:
3-5-2: Understanding the recruitment market
- Positive: Legislation to introduce flexible working;
- Negative: Less control over workforce.
Name some social changes that affect candidates:
3-5-2: Understanding the recruitment market
- Positive: Candidates spending more time in education are better qualified.
- Negative: More time in education means less experience when they enter the market.
Name some social changes that affect clients:
3-5-2: Understanding the recruitment market
- Positive: Candidates spending more time in education are better qualified.
- Negative: More time in education means less experience when they enter the market.
Name some economic changes that affect recruiters:
3-5-2: Understanding the recruitment market
- Increase in permanent revenue when businesses start to grow.
- Larger candidate pool from people who have lost their jobs.
Name some labour market fluctuations that affect recruiters:
3-5-2: Understanding the recruitment market
- As the job market heats up, salaries and fees are driven up.
- When the job market is uncertain, demand for temporary placements goes up.
