I am into recruitment and have worked in reputed companies. I agree with most of comments. Head or VP-Recruitment or Director-Recruitment claim that their company is "employer by choice', ranked 10th or 11th amongst Fortune 500 companies.
If they are claiming so, why they need placement agencies to get even Freshers for them, Sad to know this.
Today, most of Sr. Recruitment Professionals work as a postman, using consultants (who sometimes are their own relatives) to get employees starting from freshers, 2 years and ofcourse, the senior the profile, the more money the recruitment head makes out of it.
I sometimes doubt, even CEO's are involved in the scam.