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"Working in recruitment has become a nightmare"

I've just lost my job as the head of talent acquisition for a technology firm. I have a long history in recruitment, both working for agencies in financial services, and in-house. I echo the sentiment from some candidates on this site: things have never been worse. - This is the toughest market for a long, long time.

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If you're a recruiter, it's especially bad. We recruiters are losing our jobs too, with almost no hope of finding new ones. But before we do, we're being lambasted by candidates complaining that we're blocking them from finding new roles. 

Recruiters are always the first to be cut. And if you're not cut, the amount of work you're expected to do has increased exponentially. When my team advertised a role a year or so ago, we would receive 300 responses. Now, we receive 3,000. Technical jobs especially are deluged with candidates now that the big tech firms have stopped hiring. There's a supposition that applicant tracking systems (ATS) will use AI to sift through all these applicants, but this only occurs at a very superficial level - ultimately, human recruiters need to assemble the shortlist, and it's a huge amount of work.

If you're a candidate and you're being continuously rejected for jobs, it's very easy to blame recruiters for turning you down and to claim that we're not doing our jobs properly. But you need to know that our only interest is getting the best individuals into roles. This is our function. If we're not doing that, it will be noticed and quickly rectified. If you're good, we will put you forward to line managers.

However, we're trying to do this job with fewer and fewer resources. While applications have increased 10x, recruitment teams have halved. It's a nightmare situation. 

Now that I've lost my job, I'm at least spared some of the trauma of working in recruitment in this climate. But I do need to work, and I'm not sure how easy it will be to find something else. There are very few open talent acquisition roles for someone of my seniority. At the same time, the roles that do become available are paying less and less. - Even at my former employer, we were hiring recruiters in 2024 on salaries 40% below those we were paying in 2019. 

I'm not at the stage of applying to Deliveroo yet. Hopefully I never will be, but it's not going to be easy.

Oliver Carver is a pseudonym 

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AUTHOROliver Carver Insider Comment
  • Su
    Sultan
    8 October 2024

    that's good, what are you guys really good at anyway ??

  • Ex
    Ex-HK Banker
    7 October 2024

    While never great to hear that people are losing their job I can't help but display a bit of schadenfreude for those recruiters in the investment banking space. They have had it incredibly easy for so long and, in my experience, displayed an amazing lack of developing real relationships as they chased the (significant) placement fees. Having personally delivered six-figure fees for various recruiters as I moved jobs across London and HK, not one of them kept in contact to create lasting relationship.

    If nothing else, the current distressed environment, together with impact from AI may get the industry to refocus on the value add it was previously known for.

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.