Benefits of Third Party Recruitment

1591 Words May 11th, 2011 7 Pages
Benefits of Third Party Recruitment Kainat Siddiqui (M.Com, M.B.A) Asst. Professor KIPM- College of Management GIDA, Gorakhpur
Abstract
A third party recruiter or an employment agency acts as an independent contact between its client companies and the candidates it recruits for a position. These firms or individuals specialize in client relationships and finding candidates, with minimal or no focus on other HR tasks. Most recruiters tend to specialize in permanent, full-time, direct-hire positions or contract positions, but occasionally in both. It is
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The job seekers are also availing the services of the third parties (consultants) for accessing the latest job opportunities. In India trend of outsourcing recruitment is also catching up fast. For example: Vodafone outsources its recruitment activities to Alexander Mann Solutions (RPO service providers). Wipro has outsourced its recruitment process MeritTrac. Yes bank is also known to outsource 50% of its recruitment processes.2
For the purpose of recruitment, the managers can resort to employment agencies. There are three main types of employment agencies (1) government employment exchanges; (2) agencies associated with non profit organizations; (3) privately owned agencies.
Most people today go online to look for jobs. One survey found that on a typical day more than 4 million people turn to the web looking for jobs.3 Many managers do keyword searches on the sites like HotJob’ resume database rather than placing their own internet ads on their own sites. For example when the HR manager of one Hydraulic products company placed a Sunday ad in his local newspaper, it cost $3,000 and produced about 30 resumes,10% of which were relevant.4 By comparison he found that the keyword search for HotJob database produced 52 resumes, many of which included the necessary industry experience.
The large job search websites like monster

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