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Guest Comment: how a headhunter really thinks


You send your CV to a reputable headhunting firm. You don’t hear from them. You try calling them, but can’t get someone to speak to you. You persist and finally talk to someone who is just not interested in meeting you, or talking to you for more than five minutes.

Sounds familiar? Chances are, this is the experience of a vast majority of bankers who have approached search firms to represent them. Here are a few candid tips on how you can really get your headhunter working for you.

Choose the right recruitment company…

There are many search firms out there. You should do some research to find out which ones specialise in your part of financial services. The biggest mistake is to send your CV to a firm which doesn’t deal with your sector. Your CV will simply sit in a database and you are unlikely to receive any job interviews.

…and speak to the right consultant

Many recruiters are generalists, or at least they recruit across a vast range of sectors. Finding out the name of the consultant who specialises in your job function is the next important piece of research you should do. Even if you send your CV to the right search firm, if the specialist recruiter doesn’t get to see it, you are unlikely to get immediate results.

Don’t insist on a face-to-face interview

This is the bane of many recruiters. A candidate sends in her CV, calls the recruiter and insists on a face-to face meeting as soon as possible.

As a candidate you will want to explain your strengths in person to make sure recruiters understand your career objectives. But headhunters probably don’t have any immediate opportunities and they hope you will leave them alone for now.

Much of a recruiter’s time is spent getting job orders from clients. If you are the right candidate, don’t worry - you will be hunted down! Trying to get an audience with your recruiter will only take him away from getting job orders from clients - your potential employers. So, leave him alone to work with your potential employers. If you are the right candidate, your recruiter will come knocking at your door.

Now, after you have done all that, you wonder why your phone still isn’t ringing. Here are some tips on how to make yourself useful, get the attention of recruiters and get them to work for you.

Discuss business opportunities in the market

Share with your recruiter information that you hear about hirings or other events in the market. Headhunters are always keen to receive any information about company developments, especially if they involve potential job orders. If you keep feeding your recruiter with market information, you will slowly find that not only does she remember you well, she will call you more often because you are foremost on her mind.

Keep your recruiter notified about your career

If you have moved on and found a new job, please keep your headhunter informed of your status. This is professional courtesy. Some candidates may think that once their recruiter knows they have been hired, job opportunities will not come their way anymore.

But you should see things from a recruiter’s perspective. You would seriously embarrass him, if he introduced you to a prospective client, only to discover that you are no longer available. It reflects poorly on your recruiter and in return, he starts to cast doubt on your professional integrity. Recruiters have an industry blacklist and you wouldn’t want to be on it!

Build a long-term relationship

Once you have found that job, don’t forget to keep in touch with the consultant on a regular basis. Continue sharing and discussing market information. After all, if your recruiter specialises in your field, she probably knows quite a lot about your competitors as well. And who knows, new opportunities might arise and you could find yourself with another prospect again.

Remember to carry your relationship with that consultant throughout your career. Recruiters often tend to recommend candidates who they have known the longest. Of course this doesn’t take away the importance of your basic performance track record. But in these challenging times, try to get whatever support you can. Remember - be consistent in your relationship with your recruiter.

These may sound like simple ideas, but any relationship is a two-way process – it’s about giving and receiving.

Andre Cheong, managing director, Global Search Partners

COMMENTS

Angel, Investment Banking / M & A,  Mon 13 Jul 09

I have interviewed with 10 headhunters recently. Half of them were lack of industry knowledge.. Some of them were selling me the ideas of accepting paycut/junior position.
Please be reminded some firms are always posting "fake" Ad to trick candidates to send them CVs. They will also send your CV to employers without your consensus.

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runi, Investment Banking / M & A,  Mon 13 Jul 09

a headhunder once told me if i was looking for a career change (say a corporate accountant wants to do equity trading, or sales to be research analyst), headhunters cannot help much. headhunters have to follow their clients' requirements and find a candidate with exact required skills

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HR, HR & Recruitment,  Mon 13 Jul 09

How a job candidate really thinks........

Recruiters are a dime a dozen and are come and go as often as bank relation managers and just as loyal too. 

With the prevalence of self-searches by employers and abundance of web portals like eFin, the significance of pre-choosing a HH is greatly diminished and really not a major factor unless you're a really senior exec..  Just go with who has the most relevant listings.

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valuetruth, Capital Markets,  Tue 14 Jul 09

How a candidate really thinks:
Most candidates are reasonable and considerate. However they are very frustrated about phantom postings (95+% of posting on job boards are out-dated), lack of feedback, and simply resume forwarding without really "in" to employer....

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Ethan Hunt, Sales & Marketing,  Tue 14 Jul 09

My experience tells me that job agents are helpless and useless to those who are looking for a career change (even within the financial services industry  e.g.  institutional sales - from insurance to hedge fund). Talk to your friends and business contacts if you wanna move to another area within the financial services industry. They are in a better position to help you.

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tesluk,  Thu 16 Jul 09

By the way, posting fake ads to solicit cvs is a violation of the Personal Data (Privacy) Ordinance and subjects violators to civil penalties.

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tesluk,  Thu 16 Jul 09

Most recruiters are sincere, and some are very good. It takes time to develop the right relationships but being patient is worth it over the course of your career. Rome wasn't built in a day.

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joe, Risk Management,  Thu 16 Jul 09

Last agent I went (not so long ago) offered insurance agents and head hunter job - both commission based only.  I wish they can at least be honest and upfront to tell me what exactly they had since it would not waste my and their time for the meet up.

My experience of HH are they not very knowledgeable in the financial industry.  I guess that is expected when you are on only commission must get what you can.

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squigy, Information Technology,  Thu 16 Jul 09

I have found over the years dealing with recruiters (Call them what you like) that there is not a good one on the block. I have hired many staff using a supposedly professional recruiter, however when it comes to me looking for work, I call the same recruiter and they are not at all interested after throwing so much money their way in the past.
Most cases recruiters are in a holding patern looking for that special job that they are seeking before their candiates. In all my years I have never meet a recruiter (global) who cares about the candiate.

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Sue, Investment Banking / M & A,  Thu 16 Jul 09

One head hunter even asked me to have a paycut up to 30% of my overall package to apply for a position which he said is a senior post in a Company.  I ultimately rejected him and that head hunter felt very upset on my decision,told me that I shall be regret for not accepting such fast path to get back the market.

Agree that the employers are getting more tough in candidate selection now, but the integrity on how head hunter promoting such unfair circumstances to applicants is questionable.

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