There is one wave that is catching up slowly catching up in India is the ‘wave of entrepreneurship’. Open any leading newspaper and you would find a separate section on ‘Business & Startups’. This is the kind of change that has been observed since the last couple of years and many Indians are taking the plunge in order to change the world. However, building or scaling a business is not only about the idea, but it revolves a lot around the implementation of the idea. Once you have built a core team, created a Minimum Viable Product [MVP], acquired initial set of customers; your intent would be to take your startup to the next phase i.e. the growth phase.
As an organization scales up, you need to hire the right set of people who are not only technically sound but who also fit into your company’s culture. As a business owner/entrepreneur, your constant focus should be on growth, whilst keeping the burn-rate to the minimum. ‘Outsourcing’ has been used widely by organizations since it helps them reduce the overhead expenses, focus on their core business areas, and utilize the expertise of the ‘outsourcing provider’ in the ‘focus area’ that is outsourced to them.
One department that can remain under-utilized is the Human Resources department and if the HR team does not have the right expertise, there is a possibility that you might end up hiring the wrong people for your organization. Hence, many businesses [irrespective of their scale of operations] partner with staffing solutions in India for their human resource management requirements.
Along with expertise, these staffing companies bring a huge amount of experience & expertise in different aspects related to staffing and hiring. In case you are leading an organization and have a full-time staffing team that is not driving results; you might want to consider the option of outsourcing your staffing activities. Let’s look into some of the advantages of partnering with an experienced staffing-solution company for staffing requirements
1. Focus on Core Business Activities – As an entrepreneur or a business leader, your main focus would be growing the business. While expanding the business, you need to ensure that you are ‘investing your time and money’ in the activities that matter to the organization. In some cases, you may prefer to use a lean or agile approach in running the business since that keep the complexities in running the business to the minimum. When the business expands, you need to prioritize the areas where you want to invest in the company and possibility is that expansion of non-core areas like HR & Finance might impact the investment in the core businesses. Hence, you need to look at the ROI [Return On Investment] of having a resident HR team. In most scenarios, partnering with a staffing company like ManPower Consultants would yield better results and helps you stay focused on things that matter the most in your business.
2. Lower Costs – When your organization has a full-time HR team, you would need to train them about the fundamentals of the business that is being built and the qualities that are required in prospective hires. Building any kind of team is challenging and the same also applies to the HR/Staffing Team. You might need a team to screen candidates, interview them, background verification, etc. and all these skills are readily available in consultants working in staffing companies. Employees in staffing companies also possess necessary negotiation skills along with expertise in HR, Payroll, etc. Hence, engaging with staffing companies definitely has a huge impact on the savings since it helps in minimizing the operational costs in running the organization.
3. Quality Candidates – As an organization, you would not want that a wrong-hire is on boarded since an additional amount of time & money would be spent in getting an ideal replacement. This would increase the overall turn-around time, which could impact the business deliverables. When it comes to hiring, you would always prefer to hit the bullseye at the first instant and for that, you need to hire ‘quality candidates’ for your organization. Placement companies in India have a database of talent pool catering to different domains and this makes spotting the right candidates an easier task.
Staffing companies work very closely with the management team of the partnering organization and hence, they are aware of the qualities that are required in an ideal candidate. This expedites the entire process of hiring, which is critical in today’s changing business scenario.
4. Workforce Flexibility – Business situations are dynamic and hence you do not want any bench-strength as it would add up to the resource-count & also increase your operational costs. The same principle also applies to the Human Resource & Staffing team. Outsourcing your staffing requirements by collaborating with an experienced HR outsourcing company like ManPower Consultants helps you in bringing the necessary flexibility in the hiring/onboarding process i.e. hire contract or temporary workers/employees when there is a business demand and scale down when required. Large organizations also have a significant number of ‘temporary employees’ and an experienced staffing company can be instrumental in hiring these employees.
In case you are looking for a renowned staffing organization to fulfill your company’s hiring needs, do have a look at the work being done by ManpowerGroup Consultants in the fields of contract staffing, management consultancy, etc. How do you hire people, do leave your suggestions in the comments section.