The term ‘blue chip’ refers to the highest denomination of betting chip in a casino. If you’re round a table, playing with the blue chips, you’re rolling with the big boys. You’re almost certainly top biller.
Blue chip companies are the multinational companies with ‘household names’. Conglomerates that employ lots of people. They have incredibly high financial turnover and profit.
These are established companies who’ve been in the game for years.
It makes sense therefore, if you’re taking a gamble on which company to join next, this kind of agency would be one of your considerations.
Why? Here’s why.
The training at massive recruitment companies is regimented, tried and tested. A lot of research will have been done to make sure the material you’re learning’s pertinent and guaranteed to give you the best start possible.
You may have a member of staff whose job it is to teach and instruct, both on the job and in the classroom. You’re likely to have classmates who’ve joined at a similar time. Working through a modular programme will mean the job’s broken down and taught with consistent improvement in mind.
The biggest companies in the world are hugely successful, and well run entities. At most of them, the training is exemplary and will give you an impeccable understanding of how to do your job.
The financial backing makes this possible, and these companies will know that with investment in you, comes reward.
The bigger the company you work for, the more opportunities there are to progress. That’s not to say it will happen any quicker than a smaller company, just that the opportunity is more diverse. Typically, you’ll be rewarded off the back of performance and capability.
The opportunity’s there for consultants who achieve. The avenues for progression are more vast. Maybe you’d like to move into a non-billing role? Perhaps you’d like to become a manager? Maybe moving sector or location would appeal?
The possibilities at a conglomerate are plentiful, and because of the nature of recruitment, you’re never waiting for someone to retire or move on before your own progression starts. Management will pave the way for you, and probably give you real life examples of consultants who’ve walked it previously.
Larger recruitment companies have more consultants. Therefore they have more specialisms. That means, if you pick up a job that’s slightly outside of your focus, chances are, someone else will be picking that up.
What does this mean? It means your focus is never deteriorating from it’s true singular purpose. At a smaller company this is less likely. Meaning there’s more opportunity to become a generalist.
With true specialising comes true knowledge and being able to master everything there is to know about your market will set you apart from the rest.
When you call up a candidate or client for the first time, you’ll introduce yourself and your company. Saying a name that people have heard of will instantly mean they recognise what the call is about. They’ll recognise that you’re a professional who’s probably got something of value to discuss.
If you’ve joined the right company, that name will be synonymous with the right things. Professionalism, honesty, success and a great career or recruitment partner for that person.
Calling somebody and having to give an intro to your business is another hurdle in winning that person over.
Similarly when moving on from this company, other employers will have heard of your current employer. This means they know the quality of the training and will have trust in your capabilities. Making you more employable.
A lot of recruitment is about reaching the right people. Your network has a big influence on your success, and that is particularly important when starting out.
Yes, you have to manually expand your own network and be proactive in your approach. If however, you’ve got a separate marketing function who can help with job ads, finding or even sponsoring or holding events, industry press, online advertisements etc your reach will be a lot wider.
This not only means you’re able to focus more on physically filling jobs, but also your level of success could be higher and achieved more quickly.
Back office functions are much more likely to be comprehensively covered at a larger recruitment business. This could mean someone putting CVs onto your system, making sure you’ve got the right job boards to use or cleaning up your database to the correct network is available to you.
It all helps, and not having to do it yourself will mean you should be more focused and make more money.
You’re 3 months into your job liaising with candidates and clients. Your best client asks for a French speaking candidate. You don’t speak French. What do you do?
If you’re working for a large multi-national you call up a french counterpart and ask them for assistance. If you’re at a smaller company with no such support, you’re incredibly unlikely to fill that role.
A global network can help you to fill jobs, lead generate, help candidates, help clients with equally global offices and even help you move you abroad with ease. Most large companies promote global mobilisation, meaning the opportunities for your own career are more plentiful.
Choosing the right company to start or continue your career can make or break you. Above are the reasons for choosing a large multinational ‘household name.’
Click here to find out the reasons you’d choose a smaller, boutique.
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