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HR Outsourcing in India
The
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.
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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.
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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.
Contributing Writer: Ms. Shuporna
Chakraborty
shuporna.chakraborty@gmail.com
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