An Effective Strategy To Engage With The Human Resource Agency...Read More
The employee turnover of the company in Manufacturing company is high. How can they minimize cost of working with Recruitment companies?
The companies that see a higher turnover need to be constantly prepared to lose a worker, get a new one, train and then keep up with the production going without any stoppage.
In such situations, the role of HR Manager, internal or external Recruitment company can be a huge factor in keeping up with the productivity and operations smoothly running.
The profits of the company depend on keeping the cost low and maximizing productivity.
Thus a lot of companies have standard contracts with HR Recruitment companies or unions to maintain the supply of these employees as and when needed.
The cost of finding a replacement can further be reduced if the company enters into exclusive contracts with 1 or 2 companies and pay low upfront retainer for the same.