The Need for Working Relationship with Fortune 100 Best Companies - Case Study Example

? A Report on the Need for Working Relationship with Fortune 100 Best Companies (Memo) (Designation) Table of contents Executive summary 2 Introduction 2 Benefits of establishing a working relationship with the Fortune 100 Best 3 List of Fortune 100 companies hiring at present where people with little 3 Companies that show considerable growth in job opportunities 5 Potential employers for Saint Leo graduates 5 Conclusion 7 References 8 Executive summary The work of a placement agency is rather complex. It should possess the skills and resources to direct the right candidates to the right employer. In other words, the success of a recruitment agency is dependent on its ability to understand the demands of both the employee and the employer. Generally, recruitment agencies tend to develop working relationships with various companies so that they become the official recruiters of those companies. When executed accurately, this relationship will benefit all the parties involved. It will ensure the company that only the ones who possess the specific skills are directed to the company. In addition, it means reduced expenditure and reduced wastage of time. For the agency, there is more profit, and for the candidate, the most suitable job in the shortest period of time. However, for the relationship, to work properly, there should be a clear understanding between the employer and the recruitment agency as to what are the specific requirements for various positions in the company.This work intends to look into the Fortune 100 Best Companies to Work for List and tries to identify the best performing companies in terms of percentage of job growth, top salary and perks. Thereafter, the companies that are suitable for people with less work experience are identified and listed. Also, the companies that suit the fresh graduates of St. Leo University are identified and listed. Finally, based on the findings, the companies which are important to have a working relationship with are identified. Introduction Agencies often tend to develop exclusive partnership arrangement with potential employers so that they can be an approved employee supplier. It is obvious that having a working relationship with as may companies as possible is always beneficial for recruitment agencies. The more the working relationships are, the easier the work will be, and the higher the placement will be. By having working relationships with the companies, it will be easy to identify exactly what qualities the companies are looking for in the potential candidates. That way, it will be easy to meet the expectations of the employer and the employee in a better way. When such a relationship is developed, it benefits all the concerned parties. For the company, this ensures easy availability of the most suitable candidates in the shortest possible time, and that too at a considerably lower cost. When the relationship works out as the candidates are successful, the agency gains more credibility, and thus, more business. Thirdly, for the candidate, there is the most suitable job with less effort as there is no need to search for vacancies in various companies. This work attempts to look into the Fortune 100 Best Companies to Work for List, and tries to find out which are some important companies in the list with which a recruitment agency has to develop working relationships. In addition, efforts are made to identify the ones which best suit candidates with less experience, and the ones which best suit the fresh graduates from Saint Leo University. Here, the candidates are adults with some work experience and fresh graduates of St. Leo University. To analyze the situation, the Fortune 100 Best Companies to Work for List is used. 1. Benefits of establishing a working relationship with the Fortune 100 Best Companies to Work For Undoubtedly, establishing a working relationship with companies makes the role of employment agency much easier. This is especially so when the companies have not provided a clear idea about the skills they are looking for or the skills that are very relevant to the jobs to be done. In addition, working relationships especially help when companies are seeking for a wide variety of talents for various positions. By developing a relationship with the companies, the recruitment agency will get a ‘deeper understanding of the expectations of the employer’ (Working with Recruitment Agencies). This will result in better guiding the candidates to suitable companies and posts. Thus, the placement agency will be able to meet the demands of both the employers and the candidates in a satisfactory manner. Thus, when the relationship is successful, it benefits all; the employer, the recruitment agency, and the candidate. When the employer gets talented candidates with less expenditure of time and money, the employment agency gets more business, and the candidate gets the most suitable job. However, care must be taken to ensure that the company and recruitment agency are able to communicate well about the criteria for selection and the specific skills they are looking for. Here, a look into the Fortune 100 Best Companies to Work For list proves that certain companies that are hiring at present have large number of vacancies and have not specified the criteria for selection in a clear cut manner. Here, developing a working relationship with these companies ensures that their requirements are satisfactorily met. 2. The list of Fortune 100 companies hiring at present that are looking for multiple talents with undefined selection criteria where people with little or no experience can apply Table-1 Name of the company No. of vacancies job categories Boston Consulting Group 2000 All job categories Wegmans Food Markets 2000 Store Operations, Manufacturing, Distribution NetApp 2500 All job categories Edward Jones 890 Administration, Finance Cisco 4591 R&D, Sales, Services, HR, IT, Marketing, Legal Whole Foods Market 1800 All categories American Express 1813 Customer care, Finance, IT Intel 2900 Software Engineering, Manufacturing, Medical professionals Deloitte 3511 Technology, Strategy, Audit, Finance Adobe Systems 1000 Sales, Marketing, Business Development Publix Super Markets 1590 Entry level jobs, IT, Warehouse Marriott International 4459 Hotel operations Positions Microsoft 6338 Software Engineering, Sales, Customer care Nordstrom 3663 Retail, IT, Finance, CarMax 1035 Finance, HR, IT, Sale Booz Allen Hamilton 700 Management and Technology Consultant KPMG 5000 Audit, Tax, Advisory Darden Restaurants 3600 Finance, Marketing, IT, HR, Starbucks 2000 IT, HR, Legal, Marketing Accenture 64000 All positions (Source: They’re hiring, CNN Money). A look into the companies in Table-1 proves that all these companies are presently looking for candidates. However, they all are looking for candidates a large number of various job positions. In addition, they all have large number of openings in them. The total number of openings in these companies is more than 1, 00,000. So, evidently, having working relationships with these companies will make the work of recruiter easier and more effective. However, taking the future possibility of job openings into consideration, it is possible to refine the list of selected companies once again. Here, the companies that show exceptional growth in terms of job opportunities are identified from Fortune 100 Best Companies to Work for List. 3. Companies that show considerable growth in job opportunities Table-2 Name of the company Best Company Rank Job Growth % Zappos.com 6 37% Balfour Beatly Constucion 0 37% Darden Restaurants 97 21% Nordstrom 74 19% Scottrade 12 19% Adobe Systems 65 18% Ump qua Bank 5 18% Southern Ohio Medical Center 36 18% Salesforce.com 52 15% Morningstar 95 14% (Source: Top companies: Top 10 for job growth, CNN Money). Evidently, though some of these companies are not hiring at present, there is a higher employee requirement in all these companies. So, it is always advisable to have working relationships with these companies too. 4. Potential employers for Saint Leo graduates In fact, the graduates from Saint Louis presently posses no work experience. So, for them, it is necessary to identify the employers who are looking for freshers. Such companies are listed below. 1) Boston Consulting Group The company has around 2000 openings at present. In addition, the company does not demand work experience, though it is said that the candidates should show how they will contribute to the growth of the company. In addition, they company comes 2nd in the Fortune 100 Best Companies to Work for List. As specified in its website (Join BCG), BCG recruits people from colleges and universities around the globe and the only criteria for recruitment are that the candidates should be willing to take an intellectually stimulating career, and should be ready to develop new concepts. In addition, the company offers internship programs. Moreover, Boston Consulting Group is the 10th top paying company according to Fortune 100 Best Companies to Work for List. 2) Wegmans Food Markets The company offers 2000 job positions in customer service, chefs, team leaders, distribution, and department management. Candidates who are enthusiastic and are ready to learn can apply. The ones who join are offered a great work environment and benefits. 3) Cisco Cisco is looking for HR, IT, Management, Marketing, and Customer Support professionals for 4591 positions. Candidates who are willing to learn can apply. In fact, Cisco is already in ‘connection with a number of colleges and universities’ and conducts a number of campus events (University Connection). Considering the large number of openings in the company and the fact that the company is ranked 5th in the Fortune 100 Best Company to Work for List, it is very important to have a working relationship with this company. Also, Cisco is the 14th top paying company according to the Fortune 100 Best Companies to Work for List. 4) Whole Foods Market With 1800 openings at present across a number of positions, the company is ready to train those who have the right attitude. The company has a unique mentoring program to enable the newcomers to get used to the workplace experience. The company also requires large number of people and conducts job fairs and events regularly. 5) Deloitte Deloitte has 3511 job opportunities spread across audit, financial advisory, and tax. The company is willing to give opportunity if the qualification and quality of a candidate are found suitable for a position. 6) Adobe Systems The company offers various positions to the ones who are exceptionally skilled. However, the problem with the company is that it fails to successfully discover new ways of revenue. This makes the future growth of the company ‘doubtful’ (Adobe Employee Review). However, the company is the 19th top paying company according to the Fortune 100 Best Companies to Work for List. 7) Publix Super Markets Presently, there are 1590 positions in various entry-level jobs. Best suited for the inexperienced. In addition, the company offers specific training for its new recruits. 8) CarMax CarMax has 1035 positions in accounting, HR, Marketing, IT, and Sales. For them, the candidates should have good knowledge about the company and its operations. 9) KPMG Nearly 5000 openings are to be filled in the company. The candidates should possess good communication skills, a positive attitude, and the willingness to learn. 10) CH2M Hill The number of openings in the company at present is 719 across various categories. The candidates should be able to demonstrate how they handle multiple projects effectively. The company is the 16th top paying company. 11) Darden Restaurants The company has 3600 vacancies at present. Those who are ready to adapt according to the working culture of the company can join. 12) Starbucks There are about 2000 positions in the company ranging from HR, IT, Supply chain, Legal, and Marketing. The candidates should be able to adapt themselves to the working culture of Starbucks. 13) Accenture The company has about 64000 vacancies to be filled. The candidates should possess good GPA and an interest in understand the work. Considering the large number of job openings involved, this company deserves special attention. Conclusion In total, it is highly beneficial to establish working relationship with Boston Consultancy Group, Wegmans Food Markets, Cisco, Whole Foods Market, Deloitte, Adobe Systems, Publix Super Markets, CarMax, KPMG, CH2M Hill, Darden Restaurants, Starbucks, and Accenture. These companies offer various job positions in large numbers for freshers and for people with less experience. In addition, there are Zappos.com, Balfour Beatly Construction, Scottrade, Umpqua Bank, Southern Ohio Medical Center, Salesforce.com, and Morningstar that too deserve special attention as these companies show considerable growth in job opportunities. References Working with recruitment agencies: An ACE guide. Association for Consultancy and Engineering. 1-15. Retrieved from http://www.acenet.co.uk/Documents/Files/Briefing%20Notes/Human%20resources%20briefing%20notes/Working%20with%20Recruitment%20Agencies.pdf Traczyk, C. (Jan 24, 2011). “They’re hiring”. CNN Money. Retrieved from http://money.cnn.com/galleries/2011/pf/jobs/1101/gallery.best_companies_most_hiring.fortune/index.html Top companies: Top 10 for job growth. CNN Money. Retrieved from http://money.cnn.com/magazines/fortune/bestcompanies/2011/jobgrowth/ Join BCG. Retrieved from http://www.bcg.com/join_bcg/default.aspx University Connection. Cisco. Retrieved from http://www.universityconnection.ciscoeos.com/recruiting-process/ Job fairs and events. Whole Foods Market. Retrieved from http://www.wholefoodsmarket.com/careers/events.php Adobe- Good pay and stodgy culture=tech worker retirement. Adobe Employee Review. Retrieved from http://www.glassdoor.com/Reviews/Employee-Review-Adobe-RVW151243.htm Read More