fbpx
rcrm-logo
Days
Hours
Minutes
Seconds

Forecasting the future of recruiting operations with Jeremy Lyons

Recruitment strategies in unprecedented times: Insights from Martin Dangerfield

“Despite the current economic climate, companies will continue to hire and will always need talented individuals to engage candidates and drive their organizations forward.”

Martin Dangerfield
CEO of immersive
recruitment strategies by Martin Dangerfield

SHARE

The good old days: A retrospective

Remember the good old days of 2022? Whether you were employed in-house, at an agency, or in an RPO, you were likely swamped with work. 

Roles needed to be filled quickly, and there were plenty of them. Budgets were more accessible, and the recruitment industry was booming. 

Sadly, this boom was not to last, and the market began to contract, catching many of us off guard. 

If you were anything like me, you knew it would end but probably not quite so quickly. I, too, regarded the contracting market with a slight wince, believing it was just a summer slowdown.

Those who experienced the 2008/09 recession or the 2000 dot com bubble will understand that economic crises are cyclical. 

Despite the current economic climate, companies will continue to hire and will always need talented individuals to engage candidates and drive their organizations forward.

The evolution of the recruitment model

recruitment strategies by Martin Dangerfield

The pre-2008 model

Before 2008, the recruitment model was simple: land a big client, communicate frequently, and work with them to find what they wanted. 

This is where the majority of agencies still sit today. Recessions come and go, and they deliver a remarkably similar transactional service.

The post-2008 shift

In 2008, however, the recession changed this model. 

Large organizations began to grow their internal teams, and even smaller companies started hiring their own internal recruiters. 

This change cut transactional agencies out of the loop, leading to a more direct hiring process.

The post-COVID recruitment landscape

As we emerged from the lockdown, the recruitment model didn’t need to change. 

Sure, embedded providers like me did well; supplying in-house recruiters on a monthly subscription was hardly new and was driven by the huge hiring demand.

It’s time to reevaluate our approach in light of a failing economy. Clients are currently confused and will be making more tactical decisions about hiring in the coming months.

If you’re in-house, you might not want to rebuild your team too quickly, which means an embedded approach might fit. 

Alternatively, if you prioritize volume over brand image, an agency-led RPO could be the solution.

As we navigate through the current economic climate, it’s crucial to remain adaptable and open to new approaches. 

So for us all to survive (there is plenty of work for everyone), we need to be open to challenging what we have done in the past that might have just been successful because the world was crazy busy.

Author

Martin Dangerfield

Martin Dangerfield is the CEO of immersive, the in-house talent partner that hires in your name for as long as you need on a global basis.  

He is best known for leading EMEA talent acquisition teams and an interim career scaling internal capacity and capability. 

The experienced recruiter still writes, blogs, and speaks across the world about the recruitment industry and how to get the best from your in-house talent acquisition function.

digital-headhunters-ebook

Recruitment startup success plan: Launch your hiring venture to success

Proven strategies, actionable tips, real-world case studies, and valuable tools-everything you need to grow your recruitment venture.
Get your copy now!

Forecasting the future of recruiting operations with Jeremy Lyons

DAYS
HRS
MINS
SECS

⏳ Limited spots left. Register now!