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FRED BAYR: The mere fact that you're CALLING a recruitment consultant says something bad

Up until three years ago, banks were akin to the psyche of Harry Enfield - churning out inarticulate characters who paraded the streets yelling "loadsamoney." Now, in the thick of post recession bonus season, unless you're Bob Diamond, the only noise you'll make about your bonus will be a call to a recruitment consultant.

Candidates should never call recruiters; they should be headhunted. A poor bonus is a clear message that you are as useful as a degree from Oxford Brookes University. No matter how desperate you are, the last thing you want to be known for is speaking to a recruiter - especially in bonus season.

On the other hand, bonus season is a time of pure pleasure for the average recruitment consultant. At this time of year, we can stroll into work, sit back with large mugs of coffee and avoid making cold calls for three months. For once, we are in control.

During these joyous three months, we will receive calls from the following:

1) The Pride Swallowers:

I recall phoning a finance project manager at 8.03 pm one November evening. Before I could finish my pitch he interrupted: " Fred, open your diary. I'll tell you the day I'll call you back: never"

I got a call from him last week.

He claimed to have dialled the wrong number. However, he continued in a weird voice reminiscent of Oliver Twist : "Since you're on the phone Fred, what opportunities are on the market above 110K"?

This was the highlight of my career to date.

I replied: "I'm afraid there are none for people paid below the market."

2) The Paranoid Wrecks

These paranoid wrecks are - clearly - paranoid that anyone else will find out how badly they've been paid.

I met one candidate whose wife works in my office. For reasons known only to himself, he was incredibly concerned that she should not know the size of his bonus. I was tempted to suggest that I would tell her unless he gave me 10k. Being a good man, I didn't.

3) The Clients Turned Candidates

CTCs can also fall into the paranoid wreck category. This is largely due to the immense trauma that comes from their sudden drop in status

The typical CTC is someone who has spent the entire year complaining about our performance and failure to unearth a Serbo-Croat speaking equity researcher specialising in utility companies who's willing to relocate to London for a fraction of the market rate.

Having spent long months pointing out how useless we are, the typical CTC will suddenly change his tune. Out of the blue comes a call declaring: "Hi Fred, I'm beginning to find life here isn't challenging enough. Can we meet"?

Do they not know some of us recruiters can actually read newspapers?

Bankers always complain recruiters lack ethics. Here is one honest recruiter giving you genuine advice- never make a move close to bonus season; it could limit how much you earn in years to come. Seriously.

Fred Bayer is the pseudonym of a financial services recruitment consultant working in the City of London.

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AUTHORFred Bayr Insider Comment
  • UK
    UK IT Consultancy
    14 March 2011

    Thanks Fred, i owe so much of your time for posting this useful information and i agree on what you have said.

  • An
    Ann O
    28 February 2011

    Fred:
    I think you are all wrong. It is all about the numbers. You call enough people somebody will find your skill-set valuable. Why wait for you to call me???
    AOC, Esq.

  • Ja
    Jackal
    27 February 2011

    Let's never leave our jobs, this will result in the extinction of recruiters. A world without recruiters would be a paradise.

  • ho
    hot_banana
    27 February 2011

    so...when a good candidate should leave the employer nowadays? few months before the bonus time and lose it? or few months after (mid year) and being accounted only for 6 months for the next bonus?

    With guaranteed bonuses very rare...i guess people is just wise and wait the money hitting the bank account

  • Pr
    Product Controller VP
    26 February 2011

    @ Senior Manager Recruitment Industry- You said about Fred's article "sadly it's attitudes like this that give the recruitment industry a bad name". That's not true. It is recruiters who give recruitment a bad name. The nature of your job is to lie about everything. This includes how much you bill, the candidates you work with and the clients you serve. As for W saying "I bill 1.5m". You had beans on toast for dinner last night didn't you? W is a classic example of the deceit the rec industry is. At least Fred is exposing it whether he is real or not. Well done Fred. Although if you are real, given you are a recruitment consultant I would never send you my CV. From now on I will apply direct for roles. All the banks advertise roles on this site anyway. Couple this with having your own network across the banks and you never need to speak to a recruiter again. Thank heavens for that.

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