This is Part 2 of the ‘Debunking Myths’ blog that seeks to dispel misconceptions about Mema Referral Recruitment (Mema) as an online recruitment marketplace.
MYTH 1:
The marketplace is taking over the role of (and will render obsolete) in-house recruiter/s or recruitment teams that work for hiring companies.
THE REALITY
On the contrary, the recruitment marketplace is beneficial to anyone – including an in-house recruiter – who wants to engage the services of third party recruitment agencies. In-house recruiters lose nothing by working with Recruitment Agencies via the Mema platform, instead they benefit by having a system that stores CVs automatically and in a more organised way while also keeping record of every recruitment process from start to finish.
Plus an in-house recruiter can give feedback to Recruiting Firms (i.e. if a candidate is shortlisted or rejected or invited for an interview), without sharing his/her email address and knowing the email addresses of Recruiting Firms.
MYTH 2:
Our company has an applicant tracking software, which like the marketplace, helps us with CV storage and keeping record of the recruitment process among other things. This software is used by job seekers to apply for vacancies on our company’s website but it’s also used by Recruiting Firms to submit candidate.
Surely, our company cannot get any value by using Mema’s recruitment marketplace to engage the services of third party recruitment firms.
THE REALITY
- Mema Referral champions the interests of recruitment agencies and in a significant way. E.g. Mema markets the services of recruitment agencies. Your ATS does not.
- Because of Point (a) above, the marketplace (Mema) can help your company save a lot of money when working with recruitment firms. Your ATS cannot and this is because an ATS is NOT created to and does not serve the interests of Recruiting Firms, at least not the way our marketplace would.
- Mema provides extra incentives for Recruitment Agencies to do work harder to produce good results when working on clients’ brief and this bodes well for hiring managers. Your ATS does not.
An ATS or eRecruitment Software exist to help your company avoid using recruitment agencies and understandably it can complicate, rather than simplify, the life of a recruitment firm. For instance, if one recruitment agency has 3 clients that use an ATS, then to submit CVs a recruiter would have to visit 3 different websites. Whereas with the Mema platform recruitment agencies have ONE PLACE for submitting CVs to different clients that also keeps an audit trail of every transaction.
MYTH 3:
The marketplace takes over the role of (and will render obsolete) business development manager/s who work for recruitment agencies.
THE REALITY
If your recruitment company has in-house Business Development Manager/s and yet it uses the Mema platform as its primary source of business and revenue then this concern would probably be justified. However the reality is that recruitment firms use the Mema platform as an alternative way of getting new business and supplement their income.
Put differently, a recruitment agency treats Mema’s marketplace as its second part-time Business Development Manager who earns a commission only if there’s successful placement.
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