HUMAN RESOURCE OUTSOURCING

Outsourcing is an act of obtaining products or services from outside another organization. Human resource outsourcing activities include recruitment and selection, training and development, etc. outsourcing results in reduce the value , to realize enjoy experts, to specialise in core competencies by outsourcing non-core activities. With growing diversity in business organisations, it’s become mandatory to outsource the non-core activities and focus more on core functions, because only those organisations succeed which have core competency in conducting and managing their business. A major concern is to manage diversified human resources since, human resources are the foremost valuable resources for each organisation and optimal utilization of this resource helps to satisfy individual, organizational and societal objectives. This concern paved way for growth of agencies which concentrate on providing right people for the proper job, at the proper time and in right number. Such agencies are called as Recruitment Process Outsourcing agencies, with whose help organisations get the proper sort of people to figure in their organisation. HR outsourcing is perceived as an innovative practice and that multinational enterprise (MNC’s) will employ this practice more than local organizations. The purpose of this paper is to communicate Human Resource Management needs to industries across the globe so that the organisations which are not aware get awareness about latest trends in recruitment outsourcing and avail benefit with its services. This paper will enable us to get answers to questions like, what it is, how it functions, is it useful, how MNC’s are currently using it, what is the future scope of Recruitment agencies, how it is linked to both individual and organizational goals, the motives that are encouraging organizations to go for outsourcing HR.