CURRENT PRACTICES IN RECRUITMENT OUTSOURCING -- 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 -- The outsourcing firms charge the organisations for their services. SWARNAM S/HRP/UNIT IV

Advantages of outsourcing Company need not plan for human resources much in advance. Value creation, operational flexibility and competitive advantage Turning the management’s focus to strategic level processes of HRM Company is free from salary negotiations, weeding the unsuitable resumes/candidates. Company can save a lot of its resources and time SWARNAM S/HRP/UNIT IV

POACHING/RAIDING 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 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 SWARNAM S/HRP/UNIT IV

Contd.. It is seen as an unethical practice and not openly talked about Indian software and the retail sector are the sectors facing the most severe brunt of poaching today It has become a challenge for HRs to tackle poaching It weakens the competitive strength of the firm. SWARNAM S/HRP/UNIT IV

E-RECRUITMENT Many big organizations use Internet as a source of recruitment E- recruitment is the use of technology to assist the recruitment process They advertise job vacancies through mail or online job portal or they give their requirement directly in the company website. The job seekers send their applications or curriculum vitae i.e. CV through e mail using the Internet SWARNAM S/HRP/UNIT IV

Contd.. Hiring through social media is getting better and better Increased usage of technology would not be a choice but a necessity This would increase the adaptation of innovative tools like video interviewing, asynchronous interviewing and online assessments SWARNAM S/HRP/UNIT IV

Online Recruitment Techniques Giving a detailed job description and job specification E-recruitment should be overall company's strategy Well defined and structured tracking system Back office support SWARNAM S/HRP/UNIT IV

Advantages of E-Recruitment Low cost. No intermediaries Reduction in time for recruitment. Recruitment of right type of people. Efficiency of recruitment process 24*7 access to collection of resumes Eliminate unqualified person easily SWARNAM S/HRP/UNIT IV

Disadvantages of E-Recruitment Screening involves time consuming Low Internet Penetration Organisation cannot solely depend on online recruitment Some companies prefer face to face interview SWARNAM S/HRP/UNIT IV

Internship It is an efficient process of hiring people. During internship period, candidates are observed If they turn out to be fit for the company, they are given PPO (pre placement offer) (Example - Wipro) organize best internship award program which motivates the interns to work at their highest potential and whoever wins the award is given PPO. SWARNAM S/HRP/UNIT IV

Competitions Several companies like TITAN, Mahindra, organize competitions across the country Offer Pre placement Interview to the winners This not only increase the interest of candidates to work in these companies But it also helps in finding business solutions The companies give one of their live business problems in the form of case study or question through the competition platform Advantages: Recruitment & Outsourcing Cost can be saved. SWARNAM S/HRP/UNIT IV

Other Methods Guest lecture Visiting faculty Workshop/ Seminars Exams- Different companies come under one umbrella and conduct single entry level examination and the shortlisted candidates are called by individual companies for interviews. For eg- AIMCAT is conducted by many IT firms SWARNAM S/HRP/UNIT IV