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Adidas Group, the manufacturer of sports shoes and clothing, has decided to end its reliance on head-hunters and save 6 million Euro per annum on agencies and advertising costs, Personnel Today reports.
Steve Bonomo, Global Head of Group Recruiting at Adidas, told Personnel Today "in the past we relied heavily on head-hunters to find and acquire talent, which lead to a considerable amount of our recruitment budget being spent on head-hunter fees. With this in mind we made the decision to bring our recruitment back in-house with the aim of reducing our annual recruitment spend and improving our process as a whole."
"When you are in an industry like ours, there is not much talent out there in the marketplace. We have a 40,000 strong talent pool in the organisation and we need to leverage that to fill our mid- and senior-level roles."
Bonomo does, however, not rule out the use of head-hunters altogether. He said "relying on head-hunter just won't be automatic and we will be using everything we can from our own resources before investing in external talent."