Besides the mentioned benefits, enabling a third-party provider to manage your recruitment needs also gives rise to potential disadvantages. As in,
Under-utilized HR resources:
The basic idea of redirecting an in-house functionality to an external service provider leads to loss of time. It also deteriorates the profit margin and efficiency as the internal resources are not employed to their full bandwidth. As in, the in-house HR resources may run out of errands to be performed on a daily basis.
Staffing and Recruiting:
The outsourcing process also comes with the risk of not recruiting the right fit for your company. However, it is a known fact that the prospects of outsourcing recruitment functions overrules this disadvantage. To ensure seamless hiring, collaborate with only the reputed recruitment firms that specialize on your industry.
While outsourcing your recruitment process there is a threat around compromising on data confidentiality. In addition to this, the third-party providers are also exposed to certain process nuances followed by the firm. This may impose security risks or other data breach limitations.
Search for the right hiring partner:
Before collaborating with a hiring partner, you should evaluate the recruitment team to test their acumen about the kind of talent they look forward to hire. In addition to this, you should also perform frequent reputation checks to assess the on-going recruitment process.
Post the recruitment process, we at Multiplier can provide your employees with the best onboarding experience. Furthermore, we also simplify the technicalities around managing the employees. Especially, the international employees who fall under general compliance category. Multiplier also help you to process the payroll for all your employees through a single click from our platform.