methods followed by Companies are outsourcing, poaching/raiding and e-recruitment.
Outsourcing
Outsourcing is a process of transferring a business function to an external service
provider. In recruitment out sourcing, a company completely transfers the selection
process or part of it to a third party. The outsourcing firms help the organisation by
the initial screening of the candidates according to the needs of the Organization and
creating a suitable pool of talent for the final selection by the Organization.
Outsourcing firms develop their human resource pool by employing people for them.
These human resource pools will be made available to various Companies as per their
needs.
Poaching/Raiding
Raiding or poaching is a method of recruitment in which competing firms attract
employees from rival firms. In simple terms poaching may be described as buying
talent rather than developing. Hefty pay packages, other terms and conditions may
attract employees to join new Organizations. Poaching is a big challenge for human
resource managers. Poaching weakens the Organizations competitive strength
because of employees’ migration.
E-Recruitment
E-Recruitment is the latest trend in recruitment. It is also known as online
recruitment. Internet is the back bone for E-Recruitment. Companies advertise job
vacancies on different websites. Exclusive job websites like naukr.com, monster.com,
etc help both job seekers and companies to contact each other. These job sites
provide a 24x7 access to the database of the resumes to the employers facilitating
Organizations to hire people very quickly.
Every Company website usually provides ‘career’ hyper link. This link helps job
seekers to upload resume in the website. Using the uploaded resumes Companies can
build their own resume database, which can be used for existing and future
requirements. Online recruitment helps the Organizations to automate the recruitment
process, save their time and costs on recruitments.