TalentSearch, the main line of business of Pace HR Innovations is into providing Pan-India Permanent Staffing Solutions. The corporate clients of Pace HR Innovations can avail of such Recruitment services which comes with varied options to suit the client need ranging from regular Contingency Search to diversified Search options such as – Senior Search, RPO, Ascent and Retained Search Services. With 4 years of existence, the company now provides permanent staffing solutions to various Industry verticals to cover – IT, ITES (BPO/KPO/LPO), FMCG, Consumer Durables, Banking/ Financial Services & Securities, Insurance, Retail, Engineering & Manufacturing, Hotels & Hospitality, Aviation, Pharmaceutical & Healthcare, Realty & Construction, Infrastructure. And by the day, the growth in economy is driving our business to include more and more industry verticals to our service band-width. Pace HR Innovations provides customized Services to clients under the umbrella of TalentSearch which comes with a guarantee of cost-effectiveness, time-schedule, quality profiles and professional service delivery.
Types of Talent Search
- Contingent Search
- Diversity Search
- Executive Search
- Large Scale Staffing Projects
- Permanent Staffing
- Retained Search
Outsourcing, has been defined as sub-contracting of a process to a third party. The decision for outsourcing is based on a lot of deliberation on: a. process to be so outsourced and its importance for a direct control by the business b. pros & cons of the resources attached to the process
So, The steps a business person need to take to outsource any process?
This is the first step for outsourcing. Any business needs to first identify the reasons for outsourcing, the pros & cons of outsourcing and then only decide in favor of it. Outsourcing needs to be seen as a part of strategic business decision and the outsourcing vendor needs to be seen as a partner in the overall growth strategy of the business.
Invitation of Proposals
Once the business decides that it wants to outsource a certain process, the next step is to sort out various vendors offering their expert services in the same category as the process belongs to. In today’s world, with the wide usage of internet, proposals may be invited from vendors outside the local area of operation of the business.
This step is the natural fallout of the second step. All the proposals are first compared to understand the pros and cons of each vendor. A face to face meet or a telephonic meeting may be held to clarify the requirements of the business and the vendors’ response. Based on the interaction, the number of vendors in the fray would be significantly reduced to a couple of vendors. At this stage, the business needs to do a proper due diligence of the remaining vendors and also negotiate on the prices and terms of services.
Finalization of Contract
Once the negotiation round is over, the business can take a decision about the vendor it would want to partner with. Once this decision is made, the business would then draft the legal agreement/contract that needs to be signed by the business and the selected vendor before the actual outsourcing starts. This is one of the most critical stages since the business needs to be very specific about the terms and conditions. There shall not be any ambiguity in the legal contract. It would be better if the contract specifies the jurisdiction of the contract and how any disagreement, if any can be resolved.
This is the step where the process transfer takes place. This also includes the knowledge transfer from the business to the outsourcing vendor. In this stage, the business would do good to outline the SLAs (Services Level Agreement)which would measure the work being done by the outsourcing firm.
Ongoing Service Delivery
This is the stage where the services of the outsourcing firm is availed by the business. If the agreement between the two parties talks about any fixed term, then this stage continues till the time such fixed term is not over. Else, this stage continues till the time the business does not terminate the contract of outsourcing.
Termination or Renewal
If the contract talks about any fixed term or any other condition that would trigger termination of the contract, then on the occurrence of such an incident, the contract may be terminated. In case of the term getting over, the contract may either be terminated or renewed. In case of renewal, both the parties may re-negotiate on the price terms or any other terms that need a re-look. if the contract is terminated, the next step would involve the outsourcing firm to giving back the outsourcing process and related resources to the business or to any other outsourcing firm the business has appointed.