The question might seem a bit strange and I can already hear you say: “me of course!”
But not so in Recruiterland…
An entire multi-billion dollar industry has been built on the trade in résumés. Companies who work with third-party recruitment agencies to attract new employees, pay these agencies the so-called “finder’s fee” for each successful hire. Fees range from 15 up to 30% of a yearly salary (and in some cases even more). In case of a successful hire, the agency that first introduced the candidate to the company will be entitled to the commission. This is how the battle over résumés began and the reason why there are so many recruitment agencies today; it’s big business.
There is a lot of money to be earned with résumés and it’s a very competitive market so if you have been wondering why certain agencies are kind of aggressive in their approach and are trying to pressure you to accept job offers, this is the reason why. Don’t be fooled and make sure you stay in control of your own résumé and be picky about who you trust.
One might question the added value of intermediate agencies anyhow. Examples like Amazon, Uber, Airbnb and many others have shown that there are different ways. And to be honest, imagine what the effects on an organization could be if instead of having to spend all this money on fees for recruitment agencies, companies could spend it on training and development plans for employees. Wouldn’t that be a better investment?
But who can you trust? You can ask yourself a couple of questions:
- Are they transparent?
- Do they give you the company name and a precise job description? If they don’t, it’s because they are afraid that you apply directly to the company and in that case, they would miss out on the commission in case the company would hire you.
- Do they show interest in you when you describe to them what it is that you are looking for or are they just trying to sell you a job in for example sales because that is what you have always done before?
If they don’t listen to what you have to say, they only care about getting you into another sales function because that is where there will be the highest chance of a match, meaning, yes, commission.
- What’s in it for you?
If you decide to send them your résumé, what will they do for you? What is the service that you will receive from them?
- Are they making salary suggestions to you that sound a bit over the top to you?
Again, think about the 15-30% of the yearly salary that they will get when they succeed in getting you to sign a contract.
At BrightOwl we ensure you that you are still in charge of your résumé. Check this out!
- We provide a transparent platform, where companies can look for you for you, the Expert, and where you, can browse through jobs. Companies can browse through your blinded profiles. A blinded profile includes all the information you fill out on you profile EXCEPT: your name, profile picture, and current/previous employer.
- If you look for a job on our platform you will always see the precise job description and company name. When you open a full job description, you get redirected to the company’s website.
- We have an online platform that looks for the best match with your profile. You can also add a few keywords to narrow down your search.
- When you are interested in a job, you can like/favorite it. When a company also shows interest in your profile, they can send you a contact request. Only when you accept their invitation, your contact details will be shared and further steps can be taken.
- Our tool is a third party, that connects Experts and companies in life science all over the world. We don’t have any interference in salary negotiations. Our job is to match you with the job, you are looking for. And a company with the Expert they are looking for.
Last modified: April 3, 2018