Recruitment Process Outsourcing During Times Of Disruption

In this disruptive situation when most of the companies are laying off people and shutting down their operations there are few sectors which require more manpower now to serve the customers better. Sectors like healthcare, biotech, call centres, etc. are in need to more manpower as there is rise in demand for their service. These companies provide crucial services in this pandemic situation hence there is a substantial rise in hiring in these sectors. To meet their sudden rise in manpower need, recruitment process outsourcing is the most effective solution. 

Apart from providing large scale of people in a short span of time recruitment process outsourcing is cost effective and has various other benefits, too. Some of the ways by which it can benefit companies during this time of disruption are: 

Decrease Cost to Hire

Companies operating in healthcare, bio tech, etc. need more manpower now but the underlying cost of recruitment involved in the process is a burden presently for every organization. In such situation recruitment process outsourcing comes in rescue as it reduces cost of hire considerably. The external and internal burdens associated with recruiting is absorbed by the consultancy which significantly lowers the cost associated with hiring.

Reduce Time to Hire

Many sectors need good talent in this time of disruption, but hiring process is time consuming and at this situation time is an important factor. The recruitment process outsourcing can help companies get the right talent without much delay. Researches have shown that this time can be reduced by 55% by an experienced hiring agency who can source, hire and onboard the right talent for the clients rapidly.

Access to Virtual Interviewing and Onboarding Process

Most of the recruitment firms have advanced technology and tools to conduct virtual interviewing and onboarding. They also provide solutions to their clients to implement virtual onboarding and online induction so that the joining process is completed seamlessly. In this pandemic situation when there is limited physical interaction developing such virtual process is essential.

Scale the Hiring Need

Recruitment process outsourcing can be scaled up or down depending on the need of manpower. If a company is in need of large manpower the provider can undertake enterprise-wide hiring process and when the requirement subsides the service can be discontinued.  

Business operations are facing various challenges in the pandemic situation, the recruitment process outsourcing can at least take care of their manpower need and ease this burden of the organizations.

Future of Machine Learning in HR

Machine learning has already made its mark in various fields like communication, healthcare, marketing, etc.  It is gaining prominence in the field of HR presently. Corporates are relying on it tom design and develop its HR strategies that would benefit the employees and help the company to meet its organizational goals. The areas where machine learning is going to help in HR are follows:

Enterprise Management

Various performance management engines are being developed at the enterprise level to determine the KPIs and manage employees’ performance. It also helps in solving fundamental business problems related to employee life cycle, overall productivity, etc. In recent past machine learning has helped in managing the optimal organizational and department size, manage selection process to get the best out of a candidate, strategize an on-boarding system that would enhance performance of the new joiner, etc. 

Post Hire Result

Machine learning would help in developing algorithms which can predict the outcome of any hiring decision made by a company. It would not merely match the skill requirement with the job role but would also help in determining whether the desired result would be achieved with the particular hiring. Sometimes organizations make mistake in hiring new people when the problem lies in under-productivity of existing workforce. With machine learning this problem can be averted and the root cause of under performance can be solved too.

Behavior Tracking and Data Based Decision Making 

Various new technologies and systems have been devised to monitor employees’ behaviour at workplace under different situation like intense work pressure, peer pressure, conflict with manager, dissatisfaction with appraisal, etc. The data received from these systems would help companies to take necessary actions and resolve issues before it leads to any severe situation. Data based decision making is more result oriented and helps organizations meet its goals.

Points to Remember

A well-designed AI application has 3 main components: main expertise, data science expertise and user experience expertise. People with data support can make better decisions than just relying on AI algorithms. Machine learning is emphasizing on people centric approach and enabling companies to reduce time waste, manage effort of employees seamlessly, less administration and more opportunity of individual development. All these are making companies more proactive in nature than reactive, it is indeed the future of HR.