Volume 20 No 6 (2022)
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Recruitment Process Outsourcing Impact in Human Resource Planning and Development in Pharmaceutical Sector
Banwari Lal, Dr Akhil Goyal
Abstract
Every department is affected by the expanding practice of recruiting outsourcing. The company's priorities were on increasing profits and expanding the business. Due to the current economic climate and the intense rivalry in the market, many businesses are considering outsourcing in order to decrease costs. Human resources decided to outsource the recruiting process to better manage these HR services inside the company via HR planning and development in response to the need to reduce costs. Human resources is under constant demand to exhibit incurred costs in an efficient and effective manner due to downsizing and intense competition (Roberts, 2001). Human resources experts agree that a company's ability to retain and expand its people has a direct correlation to the quality of its recruiting, selection, and positioning practices. According to Ongori (2010), recruiting and selection methods are vital to an organization's long-term health and expansion. However, the most common motivations to outsource recruiting are not related to saving money, but rather to gaining access to specialized HR services and knowledge and freeing up in-house HR professionals to play a more strategic role in talent management. Therefore, the purpose of this research is to analyze how outsourcing the recruiting process affects HR strategy and development.
Keywords
Human Resource Management, Challenges, Planning, Development, Acquisition, Recruitment Process Outsourcing.
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