Agencies are a dying breed or need to die in a social media ecosystem with networks like LinkedIn. The databases are open for all to tap into. No more proprietary databases. No more stale candidates. Source 100% passive talent – real time.
Agencies and their relevance and $$$ pricing were prevalent in a closed world of job boards like Monster, Dice and CareerBuilder. You paid high subscription fees to get access to this active pool of talent. Boards are dying and agencies are following suit.
With the networks opening up it is much easier to source talent. Name Generation is a thing of the past unless you are looking for a very selective specialized talent pool.
Agencies are a quick “band aid” solution that do not help in building a long term sustainable sourcing platform composed of pipeline talent and knowledge bases.