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How do companies benefit from HR vendor empanelment?

Outdated hiring processes, vague job descriptions top oversights in talent acquisition process

HR tech helps organizations easily access crucial info about candidates, simplifying screening and decision-making process Randstad

ABP Digital Brand Studio
Published 23.07.20, 04:46 PM

Skilled, motivated talent makes for the underpinnings of a company’s success. When it comes to acquiring talent, organizations make frequent errors, especially when they work without expert HR support. Naturally, there is much wisdom in engaging an experienced HR vendor. Let’s see why.

Oversight leading to errors in talent acquisition

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Here are a few aspects companies often overlook during hiring, that ultimately keeps them from acquiring the right talent:

The problems highlighted above underline the need for organizations to look at HR vendor empanelment. HR vendor empanelment refers partnering with experienced job consultancies like Randstad that hold expertise in acquiring quality human personnel. Some of the benefits of HR vendor empanelment in partnership with a modern, tech-savvy recruitment agency are listed below.

Recruitment

The use of HR tech helps organizations easily access crucial information regarding candidates. This simplifies the screening and decision-making process and thus helps narrow down the right prospects.

Speed of recruitment

HR tech also helps vastly improve the speed of recruitment. Job offers reach potential candidates faster and the screening process is significantly smoother.

Risk mitigation

Vendor empanelment helps ensure that the details filled in by candidates in their application are accurate and valid. In this way, there’s a standard of quality that is maintained in the acquisition of personnel.

Cost savings

HR service providers can improver wage structuring by negotiating incentivized wage and benefit plans which reduces costs and improves employee performance. Vendor empanelment also reduces the burden of administrative labour costs on a company.

In a rapidly shifting work environment, it makes sense to engage HR experts like Randstad . With a heavy investment in HR tech, Randstad is the best in the industry at identifying and recruiting top talent.

Randstad India Human Resource Management
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