Are you starting up a New Business? or Need efficient staff for a start-up?

If yes, but have no clue how to hire efficient staff?

All these questions must be troubling your mind when you are starting a new business. My friend started his new business last year after he had lost his job during a pandemic. 

He knew what business he wanted to do. But ideas don't help unless you execute them. Due to the pandemic, he couldn't rent an office but started from home. He was managing everything single-handedly. But things were getting delayed because he was so busy buying office stuff like laptops, phones, Avaya, etc, meeting with clients, discussing business strategies, and many other things he was dealing with. Out of which the main problem was hiring good and efficient staff. I suggested my friend outsource the hiring process.

Now the big question has risen-- Why outsourcing? 

What is the need for outsourcing?

Let's discuss outsourcing. Outsourcing is the business practice of hiring a party outside a company to perform services and create goods traditionally performed in-house by the company's employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure. For example, I have an in-house team of recruiters. I pay their salary every month to them. But I hire staff once every six months. So basically, I am paying money to those recruiters for 10 months extra. 

Here comes an outsourcing firm in the picture. Whenever my company needs new employees rather than paying for a whole year to the recruiters, I would prefer to outsource the hiring process. Because there are numerous reasons to do so: 

1. By outsourcing the hiring process, a company saves a big amount of money. 

1. Time is money, then why waste time on hiring when you can utilise outsourcing firms. The in-house recruitment team doesn't have many resources. They might get some referrals but not the right ones. They can't go outside the state to hire a candidate. If they do so, again, it will be a big expense to the company.

1. It's a new start-up, and you have hundreds of other things to do like payroll, tech, coordinating with all staff members, client meetings that too on zoom and many more. Then why take the pressure of hiring new staff. It's good being a multi-tasker. But it lowers down productivity. There is a saying, "jack of all trades, master of none". So trying to do everything on your own that too in the beginning of a new business would not make you master but a failure. Outsourcing helps you to focus on the core business.

1. Outsourcing firm ensures to hire the right candidate for the available positions. They have a huge database for efficient candidates. This is their duty to find the right candidate in less time. It helps to improve the recruitment effectiveness.

1. The most important point is if any employee leaves the job in the middle of the project or after 3-4  months of joining, you need someone to take care of the project. Then these outsourcing companies will again provide you with the best suitable candidate for the same profile within no time.

1. Like an in-house recruiting team, you don't have to pay their salaries every month. They charge only for the service they provide.

Unlike a start-up where hiring is the day-to-day requirement, most companies would prefer to partner with outsourcing companies. As we all know, the hiring process doesn't end after accepting the offer by a candidate. It continues till on-board. Because there are many other companies, who are up for hire. A candidate might have applied already to other companies. 

Sometimes, they do reject offers as they are getting better options. Being an owner of a small company or a start-up, you have many other things to do. You can't run after a candidate to convince him all the time. Also, what if a candidate is not in the salary range as per the company norms. Again you have to look for a new candidate and repeat the whole process. So, outsourcing the hiring process makes life easier for the owners of small companies and a start-up.