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Bank to recruiter: We dislike you so much, we're putting up a firewall to block your emails

A bit of bad blood between agencies and HR is nothing new, but tensions are now intensifying as financial institutions do more of their own hiring.

HR professionals at the recent eFinancialCareers roundtable in Melbourne said competition for placement income means recruiters are increasingly "floating" resumes directly to line managers and bypassing HR. In some cases internal teams already have these CVs on file, so recruiters are wasting their own time as well as putting their reputations on the line.

One attendee told a particularly awful tale. "The recruiter rang me about this terrible candidate who I rejected outright. But he then called the line manger and claimed I had told him to put forward the CV. The manager didn't the like the CV either and harassed me about it."

Banks are giving harsh penalties to repeat recruiter offenders. "We are getting a firewall in place to block emails from a particular agency," said one of the delegates, all of whom asked not to be named in this report.

Another added: "I've simply told one recruitment company: 'don't ever call us again under any circumstances'."

Many recruitment consultants fail to understand how to build long-term relationships with HR, according to the roundtable. Their focus is on short-term profit making.

"Our panel agencies aren't delivering good candidates for us. We're doing more direct recruitment, so they aren't putting any emphasis on us," said a representative from a major bank.

Service continuity can also be a problem because consultants have been moving a lot so far this year. When a good recruiter changes agencies, the replacement may not establish the same strong relationship with HR.

As a candidate, have you been caught in an HR v agency battle? Let us know in the comments box below. You can also email your story to apac.editor@efinancialcareers.com.

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AUTHORSimon Mortlock Content Manager
  • BK
    BKConsultant
    13 May 2011

    I have worked external/ internal recruitment for over 12 years and have worked assisting HR teams and line mangers securing both individuals and teams from banks across the globe. I have found it interesting sitting back and reading the complaints directed at HR/ Recruitment for the following reason:
    - The amount of senior execs unaware of legal obligations and simply offering candidates without proper checking "because they know" them is hazardous. Protection in offer documentation came from somewhere and it prevents line managers from the possibilty of being involed in criminal litigation, issues more often than not cleaned up by HR and legal. Don't get me started on proper termination proceedures!
    - Internals are hired for one purpose only - to cut recruitment costs. If you are prepared to pay a $60K placement fee on a candidate already on the system because you have a relationship with a recruiter you feel floats 'good candidates' and bypass HR/ Recruitment, it's your P/L,
    - if your HR/ recruitment team is not saving your money, then you have not engaged them correctly. if they dont know your business (and candidates in the market) how much engagement have you given them?

  • Fi
    Fitzy
    25 April 2011

    HR are idiots and all over the world. too. Have never met one I liked, or one that I thought was smart in 25 years in global banking and corporates.

    They are not even necessary. Line managers should be solely responsible for their hiring with only documentation support from the old personnel (remember them). Exec recruiters will not tolerate that and will still contact line managers and so they should. HR are full of kids for a start. Why is a seasoned executive going to deal with a 25 yo nitwit.

  • 78
    7890
    23 April 2011

    "Job Search sites should give you the option of filtering out any recruitment firm advertisements. " --> i agree.

    As a candidate, when job searching i look for the advertiser and avoid all adds put up by a particular recruitment agency.

  • Sh
    Shin-etsu
    22 April 2011

    We should eliminate recruitment as a profession altogether or if not, then we should at least regulate it.
    Job Search sites should give you the option of filtering out any recruitment firm advertisements.
    The laws regarding privacy in this area should also be tougher on recruiters so that they face jail terms or large fines for misusing candidate information.
    There should be a public register that is searchable of all recruiters who have offended in any way.

  • Fa
    Faiz
    21 April 2011

    to all the banks looking to HIRE:

    YOU PAY PEANUTS, YOU GET MONKEYS

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