Advertisements
HTML clipboardThe outsourcing of HR is gradually coming in India, but yet to gain momentum. HR outsourcing includes functions like Screening, payroll administration, Training and development, hiring and recruitment. Primarily it started in India with a view of reducing operating cost, but now its widely getting highlighted, because of the growing recognition of HR adding value to the organizations and their employees.
In India, the part of HR function most widely outsourced are screening of new employees and verification process of the employees on the higher levels. Most of the time HR calls up the references, which is of no use, It is very important to verify the authenticity of the qualification and job experiences, especially at the time of overseas recruitment, it becomes imperative to verify the academic and professional facts, apart from this also the facts such as criminal records, sacked from the organization or not, code of conduct etc. The agencies like First Advantage are actively sourced for verification purpose.
As a Resource Management firm, our consolidated solutions also provide customized service right from recruitment till placement, where our assignment starts from providing right candidature profile verifying the authenticity till the end placement. We help various organizations to screen talent to fit not only in their job description but also in their environment as an individual. With the more Outsourcing firms coming up consistently, there arises a need to outsource the HR related work, with more promiscuity. As the people hired are large in numbers in the executive level and with change of pattern in hiring CEO's of various firm i.e. organizations are more inclined to hire the CEO's and the Higher management from outside the organization as organizations due to the requirement of external talent to add to their vision. We play an active role in providing services such as screening, verifications etc.
Starting a HR outsource service definitely requires an art of diligently handling HR related issues. Exposure to HR activities in a corporate surely helps in knowing the HR outsourcing beat, also knowing to handle the nitty gritties of the business. The most detrimental factor in HR outsourcing is losing control over confidentiality of data. Though people have the perception, that it is very lucrative way to earn big money with low entry barriers, however it requires a deep understanding of handling HR functions correlated with high patience level, as the return is not immediate.
The global spend on business process outsourcing is estimated to be $234 billion in 2005, while global human resources outsourcing (a comparatively new phenomenon) is estimated to touch $67 billion, which is 29 per cent of the global BPO pie. The revenues in the HR outsourcing space are projected to increase to $3.5 billion by 2008 according to a Nasscom-McKinsey survey.
