Monday, August 25, 2008
The increasing globalization of the marketplace combined with an ever increasing shortage of skilled staff and advances in technology have resulted in large scale changes to recruitment practices throughout the world. The recruitment industry is gearing up for these changes by developing strategic alliances and global partnering to ensure access to the best candidates world wide. Talking of the Indian scenario, the following trends are being seen in recruitment:
Outsourcing: In India, the HR processes are being outsourced from more than a decade now. A company may draw required personnel from outsourcing firms. The outsourcing firms help the organisation by the initial screening of the candidates according to the needs of the organisation and creating a suitable pool of talent for the final selection by the organisation. Outsourcing firms develop their human resource pool by employing people for them and make available personnel to various companies as per their needs. In turn, the outsourcing firms or the intermediaries charge a service fees to the client organization.
Talent Poaching: “Buying talent” (rather than developing it) is the latest mantra being followed by the organisations today. Poaching means employing a competent and experienced person already working with another reputed company in the same or different industry; the organisation might be a competitor in the industry. A company can attract talent from another firm by offering attractive pay packages and other terms and conditions, better than the current employer of the candidate. It has become a challenge for human resource managers to face and tackle poaching, as it weakens the competitive strength of the firm.
E-Recruitment: Many big organizations use Internet as a source of recruitment. E- Recruitment is the use of technology to assist the recruitment process. Organizations advertise job vacancies through internet and job seekers send their applications or curriculum vitae i.e. CV through e mail using the Internet. Alternatively job seekers place their CV’s on the various job portals, which can be drawn by prospective employees depending upon their requirements. This reduces the time and cost investment in the recruitment process for the organizations.