1. A placement consultancy is a specialized agency that connects job seekers with employment opportunities across various industries.

2. These firms assist candidates in finding suitable positions by matching their skills and qualifications with the requirements of employers.

3. Services typically include resume building, interview preparation, and career counseling. Placement consultancies also collaborate with companies to fulfill their staffing needs efficiently.

4. They play a pivotal role in the recruitment process by bridging the gap between employers seeking talent and individuals seeking employment, thereby facilitating career advancement and organizational growth in the competitive job market.