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Member since 08/10/2009
Is Social Media the death of high placement fees?
05/20/2011 / 4:48 pm #1
New Trends in Social Media Recruiting
The proliferation of online social networking sites such as Facebook and LinkedIn have empowered companies to do their own recruiting without the use of placement agencies and search firms. It's now easier than ever, to search for qualified candidates online via social media and job boards. Individuals looking for employment are able to create profiles on any number of social networking sites and job boards, and then post their resumes with keywords that indicate their skills, education, and industry of interest. Employers can then search for the pertinent qualifications and quickly find suitable candidates for their open positions for little no cost. More and more companies are looking to social networking to search for job candidates instead of paying a third-party recruiter.
I'm wondering how much longer contingency agencies can continue charging such high fees? Has anyone been seeing a reduction in placement fee's?