Coming Disruption of Recruitment Business
Disruption of higher education gets a lot of attention, and investment dollars. We say Higher Ed is broken, as costs rise and students end up unemployed, or underemployed. However, less mourned is the trouble another industry is in - Recruitment! As workplace transforms and talks of a superstar economy - one with less workers - gain traction, the neat business model of sourcing thousands of workers for a fee gets threatened. Of course, new possibilities are emerging - Headhunting is transforming into Talent Agencies - but those solution shops can not offset the coming loss of the bulk orders. Temp agencies too, with their time in the sun in the emerging economies now threatened by automation at the shop floor or service jobs, stand ripe for disruption. We talk about this less as this is not the usual public-to-private transformation that draws lot of investment. This is a classic disruption scenario. The recruitment arrangements have become dated, overtly expensive, as the profes...