Recruitment Agency Competitors
The new recruitment agency has to make proper analysis of the competitors on the market, their main strengths and weaknesses. The recruitment services market is limited and the recruitment agency has to grab its market share from the weaker competitors. The good analysis of the competitors will help to set the right target companies and a realistic implementation plan.
The recruitment agency has to set a realistic plan as it cannot expect, the business will evolve on its own. The recruitment agency has to spend some time observing its competitor, trying to elaborate their success rate and the major functions, they are strong in. It is not good to grab the best function from the agency as the protective hit given back can kill a newcomer. The new recruitment agency should focus on the job market niches in the beginning.
Analysis of Competitors (Recruitment Agencies)
The analysis does have to be sophisticated. It can be easily observed and the details can be taken from friendly HR Recruiters. When you contact your fellow HR Recruiters, they will be open to speak about their experience with the vendors, their general strengths and weaknesses.
The HR Recruiters will speak about the recruitment agency of their dreams, which is filling the job vacancy right after their call. The HR Recruiter is an excellent source of information for the competitors analysis.
The rest of the information can be observed on the Internet. The recruitment agencies usually post the job vacancies on their web sites and you can easily count the job vacancies and you can monitor the progress. You can find the employers, who give the job position to more recruitment agencies as they are posted in several recruitment agencies.
You can observe selected job vacancies and you can measure, when the job vacancy is closed and disappears from the list.
The analysis can help to identify the function, which generates most job vacancies as it can be used as an aspect of the specialization.