Filling a vacant position for most corporate organizations in the finance industry is a hectic process. This hiring process is time-consuming and in some instances no qualified candidates end up applying, meaning you have no choice but to resort to interviewing candidates that are less than ideal in terms of skills and experience.
As a result, more companies in the financial sector are turning to recruiters to take care of the hiring process and carry it right from posting the vacant position to narrowing down a list of people to interview. If you are looking to fill an open position in the near future, the following are 4 ways a recruiter can help you.
An experienced recruiter in the finance industry has a pool of qualified individuals that are actively job-searching and they can refer them to your company to fill the vacant position no matter what your needs are. These individuals tend to send their resumes to recruiters to increase their chances of gaining employment. As a result, the recruiter often has a database from which they can pick resumes of qualified candidates from to fill open positions at companies who hire them. This means you can articulate what your needs are to the financial recruiter who can then perform a search for candidates who would be the best fit for the position that you have available.
2. Extended scope
Finding qualified candidates in the finance industry is difficult with one reason being candidates have gotten passive in matters job seeking and some might be selective when it comes to sending job applications. These candidates may be qualified for a job available, but they hardly respond to online job advertisements whether it be because they think they are unqualified or the job does not sound appealing in the posting.
A recruiter will help you reach these types of candidates since they typically have relationships with candidates who may not be as active in a job search as they should be. They can either get in touch with these people and ask them to apply or taken the initiative to forward their resume with the applicant’s consent. Recruiters have the knowledge of which of job seekers have the required skills and experience for your opening even if they did not apply, ensuring that you receive a qualified pool of candidates to choose from nonetheless.
3. Assistance with job descriptions
Sometimes organizations in the finance industry describe their job openings in a way that can scare off potential applicants, making them feel like they are not qualified or experienced enough for consideration. A recruiter will help your company in composing or revising your job description in a way that will attract candidates. Experienced recruiters know what features attract job seekers into applying for these openings.
For example, a recruiter can assist you in informing potential applicants about the benefits of working with your company along with the requirements instead of just listing the must-haves alone. They will also insist on not setting the bar too high but outlining realistic expectations for candidates. This is an effective way to motivate applicants to apply and usually results in a qualified pool of applicants.
4. Filtering candidates
Filtering candidates to ensure that they all meet your needs and specifications is one necessary step a recruiter can do to help fill your vacant position. Good recruiters understand your company and its culture through the relationship that you have developed with them and as a result they usually will know the right fit for your organization.
Financial recruiters go the extra mile in ensuring that you are not wasting your time on interviewing candidates that are not exactly what you are looking for. For example, doing a background check on all potential applicants is fundamental in making the right hiring decision. A recruiter will perform these checks before making interviews offers to applicants on behalf of your organization.