Cornerstones of HR Value Chain (Talent Acquisition) - Part III

Vendor Management – from HR spectrum, it essentially means the contractual and legal aspect of vendors is streamlined; they are provided with enough opportunities to keep them excited and engaged for maintaining healthy business relations. Share the information and keep them posted about latest developments about your organization. Some of us in hiring team solely focus on recruiting and do not really bother about vendor contracts. It saddens me when i find people at managerial level oblivious of the facts around vendor contracting.

Campus Relationship – a very effective tool for cost managment and channel optimization which provides a strong link between academia and corporate arena. It fosters a long-term partnership with the selected campuses by offering support in areas of mutual interest. The great advantage is that it attracts right talent with lesser time and efforts involved. Also, it is an opportunity to select the best from the available talent pool.

Subcontract Management – this trend is really catching up in India as well with the global business touching ~ $140 billion (as per a magazine figure – IT People). It primarily offers you flexibility of employment, ease of recruitment and replacements. The organization is provided with an opportunity to concentrate on core areas as non-core areas are being taken care of by the experts, benefits of scale, long-term cost benefits and a responsible employer image. We commonly know this phenomenon as temping, temp staffing, contractual staffing, etc.

Reference Checks – it is a process of authenticating the information provided to a potential employer by a job applicant in the resume, application and interviews. Background verification ensures the employer that the candidate has the background and experience he or she claims. They are vital in maintaining workforce integrity and safety. This practice reduces the risk associated with hiring decisions.

Employee Onboarding – it is the process of the new employee’s orientation, mainstreaming and alignment with the organization. At its best, the process of new employee orientation solidifies the new employee’s relationship with the organization. It fuels their enthusiasm and guides their steps into a long term positive relationship with the company.

In the next post I shall touch upon on the interviewing process. Watch out the space!

1 comment:

  1. This article is so helpful for the students of Human resource management. You have discussed Cornerstones of HR Value Chain in detail which is really beneficial for us.