A recession is the best time to be in the recruiting business!

As companies tighten their budgets, the recruitment freezes become more and more widespread. When it comes at the end of the year, you will hear a large number of recruitment managers mentioning the recruitment freeze as early as October. What does it mean for the recruiters? Almost no new business for the last two months of the year.

A lot of recruiters will look for another job this winter.

Especially the ones providing the ‘Volume Recruitment Services’, lower in the food chain. If nothing drastically changes in the industry until the next year, those that are still around in January 2009 will cash it big in the February. Long hiring freezes always generate a large wave of the new heads required short afterwards.

How to get to 2008? Watch for the competition bailing out, and grab their contracts. Expanding your client base in the following months in 2008, will make a huge impact in the Q1 of 2009!

Published by

Ivan | JobsBlog.ie

Ivan A. Stojnanovic Founder of Portal Ltd. MD of EmployIreland.ie and eRecruit.ie

4 thoughts on “A recession is the best time to be in the recruiting business!”

  1. I agree with the point that recruiters will directly be affected by a slowdown. You are also right in your point that this is a great time for recruiters to gain market share and put themselves in a nice position when things pick up again. It may not seem it at the minute but the good times will come back!!

  2. Cut costs on hiring graduates!

    Cvizz is Ireland’s first dedicated graduate CV database service which employers can search.

    This simple, free online service helps graduates to launch their careers by:

    Connecting them with Ireland’s top graduate employers
    Presenting their CVs in a manner that meets employers’ needs
    Building an online CV and including optional video clips

    CVizz has been built with graduate employers in mind. For employers, CVizz helps to:

    Streamline the graduate recruitment process
    Save time, by enabling them to short-list candidates
    Draw comparisons more easily between candidates with very similar qualifications

    Cvizz will be presenting information and support at the following careers fairs this autumn:

    Tuesday 7th October, Cork Institure of Technology
    Wednesday 8th October, Institute of Technology, Tralee
    Thursday 10th October, UCD O’Reilly Hall
    Tuesday 14th October, Graduate Careers Fair, R.D.S. Ballsbridge
    Monday 20th October, Letterkenny Institute of Technology
    Wednesday 29th October, NUI Galway
    Thursday 30th October, Galway Mayo Institute of Technology
    Wednesday 5th November, Carlow Institute of Technology
    Thursday 13th November, Athlone Institute of Technology

    Pop in to our stands for more information or check it out at http://www.cvizz.com

  3. yes yes yes….recessions are essential to weed out the mud slingers in recruitment, any good recruiter will increase sales in a recession!!!
    definition of a ‘mud slinger’ recruiters who send out as many cv’s as possible to see how many will stick

  4. Well, I guess it’s time for the power players to step it up and double billings in ’09!!!!

    The rest of this year should be pretty ugly though (hiring freezes all over the world).

Leave a Reply

Your email address will not be published. Required fields are marked *