October 5, 2022
How many times have you filled a gap only for it to open back up again within a few short months?
It’s brutal (and a little embarrassing).
It makes achieving long-term efficiency a complex challenge and often leaves your team dynamics in disarray.
Just when you’re starting to relax after you’ve spent hours training a new employee… they leave and the cycle begins anew.
While there are a few reasons this could be happening, there’s one factor that shines above the rest…
The wrong candidate was onboarded.
At face value, the individual might have had some of the core skills you required, but, ultimately, wasn’t cut out to do the work.
As a result, your hire would have felt overwhelmed and stressed, handing in their resignation as soon as their probation period came to an end.
It doesn’t sound ideal, does it?
Sadly, situations like these arise more than most finance organisations would be willing to admit. Nearly 75% of employers have hired the wrong person before, leading to ongoing business uncertainty (Source: Career Builder).
Thankfully, there’s a solution.
(Source: Agency Central)
A well-meaning recruitment firm is onboarded to fill an urgent position but, ultimately, their lack of knowledge about a job role can sometimes mean they deliver the wrong candidates.
Those hires never stood a chance. Due to a conflict of interests:
Ultimately, when you trust someone who doesn’t know your market as well as you do, you’re leaving your success up to fate. Partnering with a niche recruiter, however, will combat this.
Let’s admit it. Recruitment can be a minefield.
Whether mistakes are made due to a miscommunication or a genuine misunderstanding, it’s you that will have to front the cost.
You’ll fork over thousands to onboard an employee that doesn’t know their right from their left. Although your new hire answered the recruiter’s questions honestly, they weren’t asked the right things in the first place.
You need a specialist in your field. Why? Because even if a candidate can do one element of the job, it doesn’t necessarily mean they are the right fit for your company.
A niche recruiter would have an in-depth understanding of what’s required for each job role across your organisation. For example, when candidates mention they have experience in low-latency engineering, an educated interviewer would be able to dig deep into their knowledge to decipher whether or not they have the correct skill level required. As such, they can make educated hiring choices that fuel your future growth. You won’t have to micromanage. You’ll be able to trust their ability to identify and onboard top candidates.
Niche recruiters will already have a deeply integrated network of industry professionals, often having a firm understanding of what roles candidates have already filled in your industry and for which companies. They’ll have spent years cultivating relationships with talent, likely having candidates waiting for job opportunities - ones that either has the exact skills you need or have specific experience in the right field. This will prove particularly useful to you when you urgently need to fill a qualified role.
It’s not a good first impression when a recruiter’s eyes glaze over when listening to a candidate speaking about the “ins and outs” of low-latency engineering. By working with a niche recruiter, you can be assured that your interviewer will engage in sector-relevant conversation, representing your business in the best light.
At the end of the day, every industry has its nuances.
Just because someone has worked in low-latency engineering previously doesn’t mean they’d be able to go directly into FX Trading without relevant experience.
A niche recruiter would know exactly what qualifications candidates require to work in particular roles and whether or not skills can be transferable across markets - giving you an advantage when it comes to onboarding perfect candidates.
It makes sense, then, not to just look at recruiters that are directly in your local area.
Depending on the industry you operate in, you need to look for a firm that is highly established, well-reputed, and active online.
Look at:
We are the global experts in the placement services of technical professionals from low-latency and distributed systems engineering backgrounds into traditional and decentralized finance roles.
We place top-tier talent at all skill levels from junior to executive hires on a permanent, contract, contingent or retained basis. If you’ve been looking to advance your company, contact our specialist consultants today.
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