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Recruitment Strategic: The Vacancy
Recruitment Strategic: The Vacancy
recruitment process is the first step towards creating the competitive strength and
the recruitment strategic advantage for the organisations. Recruitment processinvolves
a systematic procedure from sourcing the candidates to arranging and conducting the
interviews and requires many resources and time. A general recruitment process is as
follows:
• Posts to be filled
• Number of persons
• Duties to be performed
• Qualifications required
Locating and developing the sources of required number and type of employees
(Advertising etc).
5. Short-listing
6. Arrange interviews
The recruitment process is immediately followed by the selection process i.e. the final
interviews and the decision making, conveying the decision and the appointment
formalities.
Recruitment management system is the comprehensive tool to manage the entire
recruitment processes of an organisation. It is one of the technological tools facilitated by
the information management systems to the HR of organisations. Just like performance
management, payroll and other systems, Recruitment management system helps to contour
the recruitment processes and effectively managing the ROI on recruitment.
The features, functions and major benefits of the recruitment management system are
explained below:
Offers tolls and support to enhance productivity, solutions and optimizing the
recruitment processes to ensure improved ROI.
Many organizations have started outsourcing its recruitment process i.e. transferring all or
some part of its recruitment process to an external consultant providing the recruitment
services. It is commonly known as RPO i.e. recruitment process outsourcing. More and
more medium and large sized organizations are outsourcing their recruitment
process right from the entry level jobs to the C-level jobs.
The present value of the recruitment process outsourcing industry (RPO) in India is
estimated to be $2.5 billion and it is expected to grow at the annual rate of 30-40 per cent
for the next couple of years. According to a recent survey, only 8-10 per cent of the Indian
companies are complete recruitment processes. However, the number of companies
outsourcing their recruitment processes is increasing at a very fast rate and so is the
percentage of their total recruitment processes being outsourced.
Outsourcing organizations strive for providing cost saving benefits to their clients. One of
the major advantages to organizations, who outsource their recruitment process, is that it
helps to save up to as much as 40 per cent of their recruitment costs. With the experience,
expertise and the economies of scale of the third party, organizations are able to improve
the quality of the recruits and the speed of the whole process. Also, outsourcing enables
the human resource professionals of organizations to focus on the core and other HR and
strategic issues. Outsourcing also gives a structured approach to the whole process of
recruitment, with the ultimate power of decision making of recruiting with the organisation
itself. The portion of therecruitment cycle that is outsourced range from preparing job
descriptions to arranging interviews, the activities that consume almost 70 per cent of the
time of the whole recruitment process.
Outsourcing the recruitment processes for a sector like BPO, which faces an attrition of
almost 50-60 per cent, can help the companies in BPO sector to save costs tremendously
and focus on other issues like retention. The job seekers are also availing the services of
the third parties (consultants) for accessing the latest job opportunities.
In India, the trend of outsourcing recruitment is also catching up fast. For example:
Vodafone outsources its recruitment activities to Alexander Mann Solutions (RPO service
provider). Wipro has outsourced its recruitment process to MeritTrac. Yes bank is also
known to outsource 50 per cent of its recruitment processes.
Traditionally, recruitment is seen as the cost incurring process in an organization. HR
outsourcing helps the HR professionals of the organisations to concentrate on the strategic
functions and processes of human resource management rather than wasting their efforts,
time and money on the routine work.
Outsourcing is beneficial for both the corporate organisations that use the outsourcing
services as well as the consultancies that provide the service to the corporates. Apart from
increasing their revenues, outsourcing Process provides business opportunities to the
service providers, enhancing the skill set of the service providers and exposure to the
different corporate experiences thereby increasing their expertise.
freedom from red tape and adhering to strict rules and regulations